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CNG stations open in Karachi for 12 hours

Hordes of citizens in Karachi made a beeline for compressed natural gas (CNG) stations on Sunday morning after operations resumed temporarily from 7am until 7pm. Previously, the Sui Southern Gas Company Limited (SSGCL), which had announced opening CNG stations at 8pm on Thursday, extended the closure till Friday 8pm. Sources …

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Rupee loses value against dollar in outgoing week

The rupee lost its value during the outgoing week amid soft dollar supplies, but dealers believe that the local currency could largely stay stable in the coming week, The News reported on Sunday. The rupee closed at 154.90 against the greenback in the interbank market on Monday (Dec 23), compared …

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Gas crisis: Industries in Sindh to launch protest from Monday

KARACHI: Industries in Sindh have announced to protest from Monday against the prevalent gas crisis in the country. Feeling the heat of the gas crisis, small industries in Sindh have announced to protest from Monday. In Quetta and Peshawar, the gas crisis has made life difficult for people who are …

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Pakistan’s debt falls to 84.7pc of GDP: IMF

ISLAMABAD: Pakistan’s general government debt (including guarantees and the International Monetary Fund borrowing) declined to 84.7 per cent of GDP, from 88pc. A recently published report on Pakistan by IMF said this decline in debts was mainly driven by the government’s smart performance in reducing expenditures, registering primary budget surplus …

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IMF programme on track, says Pakistan Chief Ernesto Ramirez Rigo

International Monetary Fund (IMF) Mission Chief Ernesto Ramirez Rigo on Tuesday said programme implementations by Pakistan have been on track for the first review under the Extended Fund Facility (EFF). In a statement Rigo said, “All the performance criteria for the targets of the first quarter were met or exceeded, …

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Pakistan Stock Exchange plunges 824 points

KARACHI: Pakistan Stock Exchange (PSX) witnessed bearish trend on Monday as KSE 100 Index dipped to 40,008 points with a negative change of 824 points. A total of 104,287,930 shares were traded as compared to the trade of 104,305,370 shares during the previous day, whereas value of shares traded during …

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LPG distributors to observe strike on January 2

The Liquefied Petroleum Gas (LPG) Distributors Association has announced a shutter down strike against the unnecessary crackdown of police officials and administration on LPG distributors on January 2, 2020. While addressing the press conference along with the representatives of Rickshaw Union, Chairman LPG distributors Pakistan Irfan Khokhar announced that due …

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Iran expresses desire to join CPEC

KARACHI: Iran on Saturday expressed interest in joining the China-Pakistan Economic Corridor (CPEC) as the $60 billion worth of Chinese-funded project enters into next phase of industrial and agriculture cooperation, reported The News. Iran’s Commercial Attache to Pakistan, Morad Nemati Zargaran, who was leading a delegation which visited Karachi Chamber …

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