HeadlinesKP-BoIT signs MoU with Chinese firm for establishing electric vehicle infrastructure
The initiative is aligned with the goals of the Automotive Policy 2021–26 and is part of the CAREC-led efforts for cooperation in e-commerce and electronics, says Iqbal Sarwar, director at KP-BoIT
Nov 27, 2023
HeadlinesPakistan's petroleum imports under Saudi oil facility reach $400m in July-October
The figure falls short of the budgeted estimates, which anticipated imports totaling $600 million
Nov 27, 2023
HeadlinesTAPI project receives key exemptions by caretaker government
The Cabinet Committee on Energy exempts the Project from the Open Access Regime, OGRA Gas (Third Party Access) Rules 2018, and the Pakistan Gas Network Code
Nov 27, 2023
HeadlinesOgra takes weekly revisions in petroleum prices under consideration
This potential change aims to address challenges faced by the oil industry, particularly in mitigating inventory losses
Nov 25, 2023
HeadlinesWeekly Market Insights: PSX makes history, PKR gains further ground
The market sentiment was boosted by the IMF's preliminary approval for the release of the next loan tranche of around $700 million
Nov 25, 2023
HeadlinesPPL starts oil, gas production from Adhi South-6 well
The well commences production of 600 barrels per day of oil and 0.4 mmscfd of gas
Nov 25, 2023
HeadlinesPakistan, Kuwait to sign $10bn investment deals
The federal cabinet approves seven MoUs for projects in the environment, mining, IT and food security sectors
Nov 25, 2023
HeadlinesShort-term inflation surpasses 40% for second consecutive week
Caretaker Finance Minister Shamshad Akhtar is optimistic about a gradual reduction in inflation
Nov 25, 2023
HeadlinesFour bidders compete for Pakistan LNG’s January cargo tender
The bids came from OQ Trading, QatarEnergy Trading, Trafigura and Vitol
Nov 24, 2023
HeadlinesECC allows import of 200,000 tonnes urea on G2G basis
The Economic Coordination Committee again defers the decision to increase the prices of 262 drugs
Nov 24, 2023
HeadlinesPSX crosses 59,000 points mark for the first time in history
The KSE-100 Index recorded steady gains in the first hour of trading and touched 59,502.28 points, up 603 points from the previous close of 58,899.84 points.
Nov 24, 2023
HeadlinesAuto financing hits 16-month low amid market slowdown
The decline in auto loans coincided with a significant drop in the sales of cars which fell by 44% during the first four months of the FY2023-24
Nov 24, 2023