KARACHI: The Pakistani currency resumed its uptrend after a day of nominal losses, partially regaining to Rs279.50 against the US dollar in the interbank market on Wednesday amid the beginning of the end of the political crisis over the formation of the government in the centre. According to the State Bank of Pakistan’s (SBP) data, the domestic currency regained 0.02% or Rs0.07 against the g
LAHORE: Punjab Governor Muhammad Balighur Rehman, addressing media at the inauguration of the two-day Pak Pharma and Healthcare Expo at Lahore’s Expo Centre, underscored the importance of a balanced regulatory framework for the pharmaceutical industry, according to a statement release on Wednesday. He stressed that while the caretaker government’s initiative to deregulate medicine prices was co
KARACHI: Business leaders in Karachi highlighted the critical role of the Safe City project in revitalising business activity and restoring investor confidence in the city, which serves as the economic engine of Pakistan. They argue that the implementation of a safe city initiative in Karachi holds the promise of transforming the city into a secure and business-friendly environment, akin to the
ISLAMABAD: The caretaker government has decided to change the gas priority order by placing the process industry at the top along with domestic consumers. It has also changed the priority order of the fertiliser sector by placing it in the second category along with the power sector. Earlier, the fertiliser industry was placed in the third category. The export-oriented industry was placed in
KARACHI: Pakistan’s US dollar-denominated Eurobonds and Sukuks staged an outstanding rally in global markets on Wednesday in the wake of ending the political deadlock over the formation of the government in the centre, outperforming emerging-market peers on the day. According to the data compiled and reported by JS Global Research, Pakistan’s foreign bonds spiked in the range of 1-6% on the day