Textile mills in Pakistan are exporting their used machinery in the midst of an industry crisis. How did they get here? M Haris
LAHORE: It has come to this. In the midst of a growing crisis for the country’s once thriving textile industry, Pakistani mills are exporting their...
Pakistan’s liquid foreign reserves reach US$14.4 billion with SBP reserves rising M Haris
As of June 14, 2024, Pakistan’s total liquid foreign reserves have reached US$14,414.6 million, according to recent data released by the State Bank of Pakistan...
Banks lend almost all deposits to govt M Haris
Commercial banks have lent a record 98.55% of total deposits to the government at significantly high returns, leaving almost nothing for the underperforming private sector,...
Oil hits 7-week high M Haris
LONDON: Oil prices hit seven-week highs on Wednesday as summer demand optimism and concerns over escalating conflicts offset an industry report that said US crude...
Pakistan Railways partners with China to enhance fleet M Haris
BEIJING: With China’s cooperation, 820 new wagons will integrate into Pakistan Railways’ system by the end of the fiscal year 2025-26. “The cooperation reflects Pakistan...