Business
KE produced electricity at extremely high rates in June, document reveals
July 27, 2023
KE produced electricity at extremely high rates in June, document reveals
KE’s generation cost was higher in June, document shows. It produced electricity at an average cost of Rs24.90 per unit.…
Gold rates in Pakistan steeply decline amid lesser demand in Muharram
July 20, 2023
Gold rates in Pakistan steeply decline amid lesser demand in Muharram
Per tola gold falls by Rs5,300 per tola. Yellow metal gains $5 in international market. Rupee closes at Rs285.15 against…
Aramco to assess Pakistan’s deep conversion refinery offer
July 13, 2023
Aramco to assess Pakistan’s deep conversion refinery offer
“Pakistan officials are in touch with KSA counterparts,” official says. Before agreement, both nations must sign charter of commitments. Project will…
IMF deposits $1.2 billion into SBP’s account: Ishaq Dar
July 13, 2023
IMF deposits $1.2 billion into SBP’s account: Ishaq Dar
SBP’s reserves have risen by $4.2 billion during this week. FinMin Dar thanks PM Shehbaz for his efforts in IMF…
Pakistan vows to fulfil IMF promises after averting default threat
July 6, 2023
Pakistan vows to fulfil IMF promises after averting default threat
PM Shehbaz hopes IMF board will approve $3 billion bailout. “The agreement will go through, God willing,” premier says. IMF…
In meeting with IMF chief, PM Shehbaz urges lender to release funds
June 22, 2023
In meeting with IMF chief, PM Shehbaz urges lender to release funds
Last ditch efforts to revive IMF programme. PM Shehbaz Sharif meets IMF chief in Paris. Loan programme to end on…
PRL to submit report on Russian oil in July
June 22, 2023
PRL to submit report on Russian oil in July
PRL may take two months to refine 100,000 tonnes of Russian crude. Refineries already facing a shortage of furnace oil;…
Petrol price in Pakistan likely to go down by Rs3-5 from June 16
June 15, 2023
Petrol price in Pakistan likely to go down by Rs3-5 from June 16
Pakistan to announce petrol price for next fortnight today. Price of diesel will likely jump by Rs5 per litre. Kerosene…
Gold price in Pakistan witnesses decline amid drop in international rate
June 15, 2023
Gold price in Pakistan witnesses decline amid drop in international rate
Gold price declines amid approaching cyclone Biparjoy. Per tola gold settles at Rs219,000, rupee registers minor gain. Price of yellow…
Before budget: Why Pakistan’s economic salvation lies in political wisdom?
June 8, 2023
Before budget: Why Pakistan’s economic salvation lies in political wisdom?
In a normal year, Pakistan’s federal budget is typically presented by inflating income and deflating expenses to meet the predetermined…