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Pakistan decides against taking loan from commercial bank at 11% interest rate

Pakistan has ‘decided’ against taking loans from commercial bank at higher interest…

US buys 6 million barrels of oil for Strategic Petroleum Reserve

The US has bought 6 million barrels of oil for the Strategic…

Pakistan, China ink MoU for gas exploration

Pakistan’s Oil & Gas Development Company (OGDCL) has signed an MOU with…

Oil prices surge over Middle East tensions

Oil prices jumped Monday over escalating Middle East tensions while stock markets…

Govt initiates process for discos privatisation

The federal government on Thursday formally initiated the privatising process of power…

Pakistani rupee gains Rs 0.16 against US dollar

Pakistani rupee (PKR) on Friday continued its recovery and appreciated by Rs…

Shell in talks to sell fuel stations to Saudi Aramco

Energy giant Shell is in talks with Saudi Arabia’s state-owned Saudi Aramco…

McDonald’s set to report drop in sales growth

McDonald’s is set to report a sequential drop in sales growth for…

Govt raises sales tax on CNG supply

The federal government has raised the sales tax on compressed natural gas…

Pakistan repays $1 bln in Eurobonds

Pakistan has repaid $1 billion in Eurobonds as a scheduled payment ahead…

Inflation results in business decline during Eid-ul-Fitr: Atiq Mir

Traders in Karachi have termed the Eid-ul-Fitr season of 2024 as the…

NEPRA notifies Rs4.92 per unit hike

The National Electric Power Regulatory Authority (NEPRA) on Monday notified an increase…

Hyundai, Kia to partner with India’s Exide on batteries

Hyundai Motor and Kia on Monday signed a memorandum of understanding with…

McDonald’s to buy Israel franchise from owner Alonyal

McDonald’s is buying its 30-year-old Israel franchise from Alonyal, taking back ownership…

Eidul Fitr 2024: Pakistan Railways to ‘slash’ train fares

Pakistan Railways Chief Executive Officer Amir Baloch on Thursday said that the…

GSK settles another lawsuit on Zantac

GSK agreed to confidentially settle another lawsuit in California that had alleged…

Pakistan’s weekly inflation hits 30.68pc

The Pakistan Bureau of Statistics (PBS) on Friday reported that the weekly…

Pakistan’s foreign reserves stand at US$13,097.8m: SBP

The foreign exchange reserves held by the State Bank of Pakistan (SBP)…

Prices of life-saving drugs hiked

In a major blow to the inflation-hit people of the country, the…

Emirates to launch daily service from Dubai to Bogotá

Emirates today announced it will launch a new daily service from Dubai…

Rupee continues to recover against USD

The Rupee on Wednesday gained 07 paisa against the US dollar in…

Pakistan Railways hikes fares by 2pc

Following the increase in petroleum products prices, Pakistan Railways also jacked up…

Red Sea threats sink Maersk profits

Shares in shipping giant Maersk have dropped after it warned of an…

Global halal market expected to reach $7.7 trillion by 2025

The volume of growth in the global halal market is expected to…

Pakistan buys second LNG cargo from Azerbaijan

Pakistan on Wednesday announced the successful procurement of a second LNG cargo…

China’s Yuan ousts dollar to become most traded currency

The Moscow Exchange trading volume in Chinese yuan surpassed that of the…

Oil prices rise over $1 on Middle East tensions

Oil prices rose over $1 on Friday as U.S. Secretary of State…

Pakistan releases billion rupees to power plants on IMF condition

Following the International Monetary Fund’s (IMF) condition, Pakistan has released Rs.140 bln…

India’s ban on export of onions drives up prices

India’s ban on the export of onions has driven up prices of…

Lufthansa orders 80 planes from Boeing and Airbus

The Lufthansa Group has ordered purchase of a total of 80 state-of-the-art…