Labourers can be seen transferring the wheat sacks in Islamabad. —Online/FileWSMC registered with SECP, structure finalised.Long-term financing to be raised under guarantees.Reform targets storage inefficiencies, fiscal pressures.ISLAMABAD: The government plans to…
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Pakistan’s trade deficit balloons nearly 46% to $3.3bn
A representational image shows a general view of Karachi Port. — AFP/FileDeficit to strain foreign reserves, fuel rupee volatility, note experts.They say goods trade gap underscores structural export weakness.Warn that deficit can derail stabilisation gains under IMF programme.
Govt okays Rs25.5bn package for 11,000 laid-off Utility Stores employees
People stand in a queue outside a state-run utility store to buy groceries. — AFP/FileEmployees with over 20 years’ service to get basic pay for each year.Daily wagers to get flat calculation based on Rs37,000 benchmark.Pending salaries and wages will also be duly paid by…
Gulf investors launch $2bn arbitration case against Pakistan over KE dispute
A view of the K-Electric head office in Karachi. — K-Electric website/FileSaudi, Kuwaiti investors file $2bn arbitration against Pakistan.K-Electric investors launch $2bn case under UNCITRAL rules.Pakistan gets 60 days to appoint arbitrator in K-Electric dispute.<p…
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