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PSM's losses mount to Rs600bn, annual interest burden hits Rs20bn

Pakistan, Aug. 3 -- Pakistan Steel Mills (PSM) Chairman Asad Islam Mahni on Saturday said the steel mill's cumulative loss had reached Rs600 billion till 2024, while it paid Rs20bn annual interest. T... Read More


PTC warns FBR's new amendments will cripple Pakistan's textile exports

Pakistan, Aug. 3 -- The Pakistan Textile Council (PTC), a not-for-profit research and advocacy platform, has raised concerns over recent amendments to the Export Facilitation Scheme (EFS) notified by ... Read More


Romania offers Constanta Port as gateway for Pakistani exports to Europe

Pakistan, Aug. 3 -- Romania has proposed the use of its Port of Constanta to provide Pakistan direct access to European markets via the Black Sea and Danube River. The initiative was welcomed by Islam... Read More


Pakistan, Kyrgyzstan agree to deepen crypto and blockchain ties

Pakistan, Aug. 3 -- In a key development on the digital currency front, Pakistan and Kyrgyzstan have agreed to enhance cooperation in crypto and blockchain technologies, reported Radio Pakistan on Sat... Read More


K-Electric launches Pakistan's first-ever listed short-term retail sukuk

Pakistan, Aug. 3 -- K-Electric (KE) has announced the launch of Pakistan's first-ever retail listed short-term Islamic debt instrument namely the KE Retail Sukuk. The pre-IPO phase of PKR 1 billion, w... Read More


Arbabi proposes joint border free zone between Iran, Pakistan

Pakistan, Aug. 3 -- A high-level Iranian delegation led by Reza Masrour, Secretary of the Supreme Council of Free Trade, Industrial and Special Economic Zones on Saturday visited the Islamabad Chamber... Read More


IHC allows United Insurance to resume guarantee business

Pakistan, Aug. 3 -- The United Insurance Company of Pakistan Limited has officially resumed its guarantee business operations following a significant ruling by the Islamabad High Court (IHC), which su... Read More


NBP partners with HAZECO for seamless digital bill collections

Pakistan, Aug. 3 -- In a significant step toward expanding its digital footprint, the National Bank of Pakistan (NBP) has successfully onboarded Hazara Electric Supply Company (HAZECO) for end-to-end ... Read More


Gold price per tola gains Rs6,100

Pakistan, Aug. 3 -- Gold prices in Pakistan increased on Saturday in line with their gain in the international market. In the local market, the gold price per tola reached Rs359,000 after an increase ... Read More


KP-EZDMC, TDAP host training session on Amazon

Pakistan, Aug. 3 -- Khyber Pakhtunkhwa Economic Zones Development and Management Company (KP-EZDMC), through its Inclusive Business Development Park (IBDP) in collaboration with the Trade Development ... Read More