Monitoring Report

Headlines

Hydro skimming refineries in Pakistan primarily produce 55 percent of furnace oil from Russian crude oil, focusing on high-speed diesel and petrol

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Industry experts say trade between Pakistan, China, and the Far East is expected to remain unaffected but trade with Europe and America via the Red Sea could face significant delays 

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FBR's field formations across the country are actively conducting surveys and collecting information on businesses and commercial activities

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Loan is intended to secure two confiscated aircraft of PIA and address other financial needs, with a repayment period not exceeding two years

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The arbitration tribunal dismissed all claims by Tuwairqi Steel and ordered them to pay Pakistan over 1.8 million euros in costs and legal fees

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Digital audit exposes organised fraud being committed in connivance with the buyers/ sellers of properties using fake challans. RTO Sargodha recovered over Rs 388 million from the defaulters.

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KSE-100 Index surged more than 60% in 2023, making it the best performer among the Asian frontier markets, which include Bangladesh, Laos, Sri Lanka, and Vietnam

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OMCs have been importing more fuel instead of lifting their allocated quotas from the refinery, causing high stocks and Rs700/month loss, ARL CEO writes letters to OGRA, Petroleum Ministry

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The finance ministry raises questions about the additional cost, the lack of experience, and the deviation from the SIFC’s decision

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The growth rate will likely accelerate to 4.8% in the fiscal year 2025

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Grade-17 employee of Wapda and Discos, who are allowed 450 units per month, would now be paid its cost at Rs15,858 per month, while those in Gencos, who are entitled to 650 units, would get Rs24,570

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The investment will help CodeNinja expand its global presence and scale up its services