Economy
PSX Shares at the Pakistan Stock Exchange (PSX) saw an impressive recovery on Wednesday, climbing by more than 4,600 points, marking its highest-ever single-day...
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PSX Shares at the Pakistan Stock Exchange (PSX) saw an impressive recovery on Wednesday, climbing by more than 4,600 points, marking its highest-ever single-day...
The Pakistan Stock Exchange (PSX) witnessed a sharp decline on Tuesday, with the benchmark KSE-100 index dropping over 3,500 points amid political unrest. Earlier...
Pakistan’s Auto Sales Pakistan’s automotive industry is experiencing a remarkable resurgence, recording significant growth across multiple segments. Commercial vehicle sales surged by an impressive...
US President-elect Donald Trump has announced plans to impose significant tariffs on goods from Mexico, Canada, and China as part of his response to...
Pakistan’s exports decline for the Third consecutive month of FY23: Pakistan’s exports decline for the Third consecutive month of FY23 ISLAMABAD: Pakistan exports shrank...
The contraction of automobile both on supply and demand front, also dropped the sale of petroleum products by 22 percent in Jul-Oct FY23
US Ambassador said: “As the Green Revolution improved lives in the past, a “Green Alliance” between the United States and Pakistan will help us...
Tax returns could be filed by Dec 15, with the deadline extended ISLAMABAD: The provisional data released by the Federal Board of Revenue (FBR)...
KARACHI/ISLAMABAD: Karachi’s fishermen accidentally caught a humungous Indo-Pacific sailfish _ a rare fish which is famous as “ghora fish” among the locals. Ibrahim Hyderi’s...
ISLAMABAD: Russia declined to provide Pakistan with a 30-40% discount on Russian crude oil, claiming that all quantities were already committed and that it was unable to make any offers at this time. During negotiations in Moscow, the Pakistan delegation—which included State Minister for Petroleum Musadik Malik, the joint secretary, and representatives of the Pakistan Embassy in Moscow—asked for a reduction. The negotiations came to an impasse, but the Russian side made a commitment to take Pakistan’s proposal into consideration and to subsequently communicate its position through diplomatic channels. According to sources, Russia can provide oil at rates similar to what it is offering to major consumer countries with stable economies, at an appropriate time. All quantities are currently contracted with significant purchasers, they claimed. The Russian side urged Pakistan to begin by fulfilling its commitment to the Pakistan Stream Gas Pipeline, that is to be built from Karachi to Lahore, Punjab. During the negotiations, the Pakistani side expressed a desire to alter the PSGP project’s model. The Russian side said that just a few provisions of the shareholding agreement needed to be finalized and that the model of the project under the GtG structure had already been established. The official delegation from Pakistan arrived in Moscow on November 29 for a three-day round of talks with Russian officials to explore the possibility of importing crude oil at a reduced price, as well as the mechanism of payment and shipping costs. Russian crude oil may be processed in Pakistan’s refineries, and one private refinery has previously used Russian crude oil to provide finished goods, according to sources in the industry ministry.
In his video address, Dar said that only the prices of kerosene oil and light diesel are being reduced for next 15 days.
Inflation to Show a Marginal Decline, Economic Slump a Global Issue: Inflation to Show a Marginal Decline, Economic Slump a Global Issue ISLAMABAD: Inflationary...
