Pakistan’s trade deficit narrowed by 32.65 per cent to $17.133 billion during the first half (July-December) of the current fiscal year, data released by the Pakistan Bureau of Statistics (PBS) showed. According.
The Oil and Gas Regulatory Authority (OGRA) on Friday announced a reduction in the price of Liquefied Petroleum Gas (LPG) by Rs. 11.59 per kg for January 2023. Furthermore, the domestic cylinder.
Karachi: It is reported on Thursday, Sindh’s Chief Minister Murad Ali Shah has said that Thar is the solution to the energy woes of Pakistan. Sindh CM Shah expressed these views during.
The head of Gazprom stated that they had a challenging year as the company sought new markets following international sanctions over Moscow. “I want to say right away that 2022, of course,.
Finance Minister Ishaq Dar on Wednesday assured investors at the Pakistan Stock Exchange (PSX) that the country would not default admitting that the economy was in tight position”. In his address, the.
Continuing the trend, the price of gold shot up to a new all-time high of Rs182,700 per tola (11.66 gram), jumping by Rs4,500 on Tuesday. Similarly, the 10-gram gold price also increased.
The National Electric Power Regulatory Authority (Nepra) held a hearing on Tuesday and slashed the electricity rate by Rs7.43 per unit for Karachi power consumers as part of monthly fuel adjustment charges.
Al-Haj Enterprises (Pvt) Limited, an exploration & production (E&P) company, has discovered gas and condensate reserves in Dera Ismail Khan, Khyber Pakhtunkhwa, shared the Ministry of Energy, Petroleum Division in a statement.
Moscow: Russian Deputy Prime Minister Alexander Novak said that Moscow is ready to resume gas supplies to Europe through the Yamal-Europe Pipeline and it can also send supplies to Pakistan and Afghanistan.
The State Bank of Pakistan’s (SBP) foreign currency reserves dropped to the lowest since April 2014, central bank figures showed on Thursday. In a statement, the central bank said that the foreign.
On Monday, domestic gold prices continued their record-breaking spree. One-tola and 10-gram rates hit a fresh peak of PKR 174,900 and PKR 149,948 after adding PKR 2,200 and PKR 1,886 respectively. All.
Karachi: It is reported on Friday, the gas crisis has further deepened in the economic hub of Pakistan as the duration of gas loadshedding to Karachi industries was increased for up to.
New York: Foreign Minister Bilawal Bhutto Zardari said on Thursday that Pakistan is “not pursuing or receiving” Russian oil at a discounted price. In an interview with PBS Newshour, Bilawal Bhutto said,.
Moscow: On Dec 15, President Vladimir Putin said that Russia would increase gas supplies to “the East”, particularly China, and set prices for sales to Europe using an electronic platform. “Among the.
It emerged on Thursday that the Bank of England (BoE) had hiked its interest rate by half a point to 3.5 percent, the highest level in 14 years, in a bid to.
Pakistan’s foreign exchange reserves held by the State Bank of Pakistan (SBP) plunged to $6.7 billion, official data showed on Thursday. In a statement, the central bank said the foreign currency reserves.
The Asian Development Bank (ADB) approved on Tuesday a $100 million loan to help improve technical and vocational education and training (TVET) in Punjab. It would also ensure that skills training meets.
Karachi: Gold continues to shine in Pakistan, as its price hit an all-time high of Rs170,200 per tola in local market. According to details, the price of 24-karat one-tola gold went up.
Islamabad: Sources revealed that Pakistan would likely secure a multi-billion dollar financial support package from longtime ally Saudi Arabia this month. The two finance ministry officials said the package would include deposits.
Karachi: Sindh Energy Minister Imtiaz Ahmed Shaikh has announced that the trial run started for generating an additional 1320 Mega Watt (MW) of electricity from the Thar coal power plant that will.
On Wednesday, a fire broke out in a weekly market in Islamabad’s H-9 area, the city’s deputy commissioner (DC) confirmed. Islamabad DC Irfan Nawaz Memon said the fire brigade and rescue teams.
On Wednesday, gold and silver touched new peaks in Pakistan as the rupee rout against the US dollar entered the third day in the interbank market. The price of gold rose.
India and China have become the largest buyers of Russian oil as Western nations restrict purchases and impose sanctions. A plan by the major G7 economies, backed by the EU and Australia,.
On Tuesday, the Finance Division said that negotiations with the International Monetary Fund (IMF) on the ninth review of Pakistan’s $7bn Extended Fund Facility (EFF) were at the “advanced stage”. “With the.
Islamabad: Russia refused to give Pakistan a 30-40% discount on Russian crude oil, saying that it could not offer anything right now as all volumes were committed. The Pakistan delegation, comprising of.
Karachi: Renowned business tycoon and Korangi Association of Trade and Industry (KATI) patron-in-chief S M Muneer has passed away in Karachi. Former KATI president Danish Khan confirmed the demise of S M.
Baku: On Saturday, in a bid to stimulate the growth of mutual trade between the two countries, Azerbaijan announced a five-year tax exemption on rice imports from Pakistan. Addressing an international conference,.
Ghana’s government is working on a new policy to buy oil products with gold rather than US dollar reserves, Vice-President Mahamudu Bawumia told on Facebook. The move is meant to tackle dwindling.
Islamabad: On Thursday, the National Assembly was informed that a high-power delegation will soon visit Russia to negotiate any possibility of long-term cooperation to acquire gas and oil. According to details, Parliamentary.
On Thursday, the price of gold per tola in the country increased by 400 rupees today. According to the All Pakistan Gems and Jewelers Association, the price of one tola.
