Govt approves RLNG supply for new domestic consumers
ISLAMABAD: The outgoing caretaker regime has approved the policy to provide RLNG to new domestic consumers and private housing societies, keeping in view the dwindling local natural gas production which has tumbled to 3.2 billion cubic feet per day (...
Pakistan secures agreement to export skilled workers to Saudi Arabia
SAPM Jawad Sohrab Malik has signed an agreement recently with NESMA & Partners for the export of skilled Pakistani labor to Saudi Arabia. The agreement was signed at the Embassy of Pakistan in Riyadh, Saudi Arabia, said a press release issu...
Rupee shows further recovery against USD
ISLAMABAD: The Rupee on Wednesday gained 07 paisa against the US dollar in the interbank trading and closed at Rs279.49 against the previous day’s closing of Rs279.56. However, according to the Forex Association of Pakistan (FAP), the buying an...
IMF disapproves energy sector plans
The International Monetary Fund (IMF) on Monday turned down Pakistan’s proposals to settle Rs1.3 trillion of energy sector circular debt and reduce electricity prices for industries, saying these proposals would overburden the residential consu...
PSX, LCCI organise awareness session for business growth
LAHORE: Pakistan Stock Exchange (PSX) in collaboration with Lahore Chamber of Commerce and Industry (LCCI) organised an awareness session on “Potential Avenues for Business Growth”, at LCCI. LCCI President Kashif Anwar presided over sessi...
Pakistan ‘bankrupt’ and ‘sinking deeper every year’: Atif Mian
Karachi: Atif Mian, noted Pakistani-American economist and currently professor of Economics, Public Policy and Finance at Princeton University has said that Pakistan “Is bankrupt” and “Sinking deeper every year”. In series of...
Oil heads for weekly gains after Israel rejects ceasefire offer
LONDON: Oil prices were little changed, staying on track for weekly gains, with tensions persisting in Middle East after Israel rejected ceasefire offer from Hamas. Brent crude futures slipped 6 cents, or 0.1 percent to $ 81.69 a barrel while US West...
Country’s exports to Afghanistan increase by 3.63pc in 6MFY24
ISLAMABAD: Pakistan’s export of goods and services to Afghanistan witnessed an increase of 3.63 percent during first six months of current fiscal year (2023-24) as compared to exports of corresponding period of last year, State Bank of Pakistan...
Pakistan sovereign dollar bonds drop as election results trickle in
SINGAPORE: Pakistan’s dollar-denominated government bonds slipped by as much as 2 cents on Friday as election results in country slowly started to come in, with main political parties tied neck and neck in early results. South Asian country is...
Mari acquires working interest in Zarghun South, Nareli Block
Karachi: Mari Petroleum Company Limited (MARI) has acquired working interest from Spud Energy Pty Ltd (SEPL) in Zarghun South and Nareli Block. Mari shared development in its notice to Pakistan Stock Exchange. “Mari and SEPL have signed agreeme...
