Rupee strengthens against dollar

The rupee strengthened against the US dollar at Rs160.37 in the inter-bank market on Tuesday compared with Monday’s close of Rs160.39, according to the State Bank of Pakistan (SBP). Earlier, the SBP let the rupee depreciate massively in the inter-bank market after...

Envoy stresses need for improving infrastructure

China and Pakistan have started cooperation under the second phase of China-Pakistan Economic Corridor (CPEC) in industrial and agriculture sectors, healthcare and digital technology, which will boost the South Asian nation’s economy, said Chinese Minister Counsellor...

Tesla gears up to launch in India

Tesla Inc has moved a step closer to its launch in India later this year by registering a company in the country, a regulatory filing showed on Tuesday. Tesla Motors India and Energy Private Limited was incorporated on January 8 with its registered office in the...

Cement, steel prices to remain high

Prices of basic material – steel and cement – for the construction industry are expected to remain high across the country following the extension of incentives by the government. Pakistan’s cement sales in the second quarter of fiscal year 2020-21 touched...

EDB chief calls for raising engineering goods export

Pakistan can boost its export revenue by $5 billion in the coming years as the global engineering sector presents a huge opportunity for the country, said Engineering Development Board (EDB) Chairman Almas Hyder. He made the remarks at a ceremony held for signing a...