ISLAMABAD: President Asif Ali Zardari arrived in Pakistan on Friday after completing his five-day visit to China. The president departed for Pakistan from the Chinese city of Sanya on Thursday. His visit was aimed at strengthening bilateral cooperation across key economic sectors. The president was seen off at Sanya Airport by senior Communist Party of […]
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ISLAMABAD: The first-ever fully transhipment cargo vessel arrived at the Karachi Port Trust (KPT) on Friday, marking Pakistan’s evolution into a premier regional transhipment hub. The ship MV Erlin carried general cargo, bulk and breakbulk cargo, and vehicles. In a statement, Maritime Affairs Minister Muhammad Junaid Anwar Chaudhry described the new development as a “quantum […]
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ISLAMABAD: Pakistan and South Korea have agreed to advance negotiations on the Comprehensive Economic Partnership Agreement (CEPA) and to enhance investment cooperation. This understanding was reached during a virtual meeting between Commerce Minister Jam Kamal Khan and his South Korean counterpart, Yeo Han-koo. Secretary of Commerce Jawad Paul and senior officials from both sides also […]
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• CPI rises nearly 11pc year-on-year in April• Transport costs, perishable food prices jump by over 15pc ISLAMABAD: Consumer inflation returned to double digits for the first time in 21 months, with prices rising by nearly 11 per cent year-on-year in April, driven by sharp increases in transport costs and essential food items, official data […]
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RAWALPINDI: Fresh Milk Association has increased the prices of milk and yoghurt in the garrison city to Rs250 per litre and Rs280 per kilogram, respectively. After the new prices were issued, the price of milk per litre increased to Rs250, and the price of yoghurt per kilogram increased to Rs280. Thus, the prices of milk […]
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Prime Minister Shahbaz Sharif on Friday directed that an effective regulatory system for virtual assets in line with international standards should be operationalised as soon as possible The remarks came as PM Shehbaz met with State Minister and Pakistan Virtual Assets Regulatory Authority (PVARA) Chairman Bilal Bin Saqib in Lahore, according to a handout by […]
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ISLAMABAD: Power Minister Awais Leghari on Friday declared the end of a month-long loadshedding period after a shipment of liquefied natural gas (LNG) arrived in Pakistan a day earlier. The power minister made the announcement in a recorded televised message, saying that the recent power outages were caused by a gas shortage linked to the […]
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KARACHI: The Arif Habib-led consortium has established a special purpose vehicle, PIA Equity Ltd (PIAEL), to complete its acquisition of Pakistan International Airlines, Arif Habib Corporation Ltd (AHCL) announced on Thursday. The consortium has submitted a standby letter of credit and a bank guarantee to the Privatisation Commission for the acquisition of the remaining 25 […]
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NEW YORK: Global oil prices eased after hitting a four-year high of more than $126 a barrel earlier on Thursday, amid concerns the US-Iran war could lead to a protracted Middle East supply disruption that could hurt global economic growth. The oil markets have been in a period of heightened volatility since the conflict in […]
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