On Tuesday, Chinese foreign office spokesperson Mao Ning said that Pakistan and China agreed to work on high-quality development of China Pakistan Economic Corridor (CPEC) and four new corridors ‘Digital, Industrial, Green and Health’, during Prime.
QatarEnergy has announced a 27-year natural gas supply deal with China, calling it the “longest” ever business agreement of its kind as the energy-rich Middle East country strengthened ties with Asia while.
Oil prices steadied on Friday but fell for the week on a stronger U.S. dollar and fears that an economic slowdown would weaken crude demand. Brent crude futures settled at $96.72 a.
Islamabad: Pakistan and UNESCO have agreed to work out for establishment of PAK-UNESCO Joint Centre of Excellence in Teachers Training and STEAM Learning at Islamabad. According to details, the decision was taken.
Islamabad: The Economic Coordination Committee (ECC) has greenlighted the import of 160,000 metric tons of fertilizers. The stocks of urea will be procured from China and Azerbaijan on a government-to-government (G2G) basis.
On Wednesday, General Qamar Javed Bajwa, Chief of Army Staff (COAS) visited Karachi. The COAS witnessed various stalls at IDEAS-2022 at Karachi Expo Centre, ISPR said in a statement. The COAS also.
Chaman: A major border crossing between Afghanistan and Pakistan — the Chaman border — is still closed for trade and transit for the third day. The hiatus came after an armed man.
On Wednesday, Saudi Arabia’s stock market extended losses from the previous session on falling oil prices and mixed corporate earnings, while the Egyptian index outperformed the region. Saudi Arabia’s benchmark index fell.
Karachi: The oil industry communicated to the government about an expected petrol and high-speed diesel (HSD) shortage in the coming days The shortage was due to inadequate imports and limited local availability,.
Islamabad: The Oil & Gas Regulatory Authority (OGRA) increased the prices of liquefied petroleum gas (LPG) for November by Rs. 2.96/kg to Rs. 204.16/kg, an official notification indicated on Tuesday. This increase.
Dubai: On Oct 31, Saudi Arabia’s market regulator announced that it had approved a concurrent and dual listing of KFC and Pizza Hut, in the kingdom and the United Arab Emirates.
Karachi: On October 28, the Pakistani Rupee registered losses for the third consecutive session against the US dollar. The local currency depreciated Rs. 0.97 or 0.44% against the greenback and closed at.
On Tuesday, the Pakistani rupee (PKR) gained 68 paise against the US dollar in the interbank market. Analysts indicated this change to expected inflows of $1.5 billion after Pakistan signed a loan.
Islamabad: On Wednesday, Finance Minister Ishaq Dar said that Pakistan was well-positioned to manage around $34 billion in external financing in the fiscal year 2023. “The total (borrowing) requirement for the current.
On Wednesday, the Pakistani rupee continued to extend its losses. It fell by Rs1.17 against the dollar during interbank trade. According to the State Bank of Pakistan (SBP), the PKR closed at.
On Wednesday, investment bank JPMorgan called the slump in Pakistan’s bonds to just a third of their face value justified. He made the remarks following the country’s devastating floods and recent warnings.
Karachi: Pakistan’s rupee once again registered a decline on Friday, depreciating 0.02% against the US dollar in the interbank market. According to the State Bank of Pakistan (SBP), the rupee closed at.
Tokyo: On Oct 11, the International Monetary Fund cut Asia’s economic growth forecasts as rising inflation forced many central banks to tighten monetary policy. “A widening debt crisis in (emerging) economies would.
On October 11, the industry and trade ministry in Moscow laid bare that Japanese automaker Nissan would sell its Russian assets to the Russian government. “Nissan’s executive committee approved the sale of.
On Thursday, Finance Minister Ishaq Dar endorsed a power subsidy package for Pakistan’s export industries with per unit electricity cost set at Rs19.99. Dar also said that the annual burden of the.
Karachi: According to the reports, country’s foreign exchange reserves held by the State Bank of Pakistan (SBP) once again declined by 1.32% falling below the psychological level of $8 billion. As per.
Washington: On October 5, U.S. stocks retreated after strong gains as OPEC+ producers recommended major cuts to oil supply. All three major U.S. stock indices opened the day lower, erasing some of.
Karachi: The government’s warning to reign in currency speculation again pushed down the US dollar’s slide against the Pakistani rupee for the sixth consecutive session on Friday. Right after taking charge of.
On Tuesday, the Pakistani rupee gained further ground as the US dollar continued its declining trend for the third consecutive session. The dollar lost Rs3.11 against the rupee and closed at.
Karachi: The Pakistani rupee fell to a record low against the US dollar on Monday, breaching threshold of 245 against the greenback in the open market. With a fresh decline of Rs4.40,.
On Monday, China’s defense minister General Wei Fenghe had a meeting with Chief of Army Staff (COAS) General Qamar Javed Bajwa. Both sides discussed the progress related to the China–Pakistan Economic Corridor.
London: On September 16, Russian President Vladimir Putin said that 25% of Russian gas supplies to Turkey would be paid for in roubles. He further stated that an agreement on that would.
Karachi: The Pakistani rupee’s downfall against the US dollar continued for the fifth consecutive session on Thursday. The local currency closed at 225.42 after losing 2 in the interbank market, down in.
Karachi: On Friday, the Pakistani rupee’s free fall continued against the US dollar as the local unit remained under pressure in the interbank market due to wide-ranging factors. Following its week-long depreciation.
