ECC approves grant of production lease to United Energy Pakistan Beta
Petroleum division is taking measures on a fast track basis where various exploration and development activities are underway
Forex reserves rises by $30m to $4.46b
KARACHI: Foreign exchange reserves held by State Bank of Pakistan (SBP) rose by $30 million to $4.46 billion in the week ending on April...
Russian oil shipment expected to reach soon: PM Shehbaz
ISLAMABAD: Prime Minister Shehbaz Sharif on Thursday announced that cheap oil imported from Russia is expected to arrive in Pakistan soon.
Sharif was speaking during...
Yuan overtakes dollar to become most-used currency in China’s cross-border transactions
The yuan became the most widely-used currency for cross-border transactions in China in March, overtaking the dollar for the first time, official data showed,...
Argentina to pay for Chinese imports in yuan rather than dollars
Argentina will start to pay for Chinese imports in yuan rather than dollars, the government announced Wednesday, a measure that aims to relieve the...
Govt fixes sugar price at Rs99 per kg
LAHORE: As per the recommendation of the Sugar Advisory Board (SAB), the Ministry of Food Security and Research (MNFS&R) has set the retail price...
Gold hits another all-time high
Pakistan's gold prices rose to a new record high on Wednesday, with the price of 24-carat gold increasing by Rs450 per tola and Rs386...
US default on debt would trigger ‘economic catastrophe,’ Yellen says
U.S. Treasury Secretary Janet Yellen on Tuesday warned that failure by Congress to raise the government's debt ceiling - and the resulting default -...
Load shedding expected to increase in coming months
LAHORE: Well placed sources in the Lahore Electric Supply Company (LESCO) have claimed that the city will face increased power outages in the summer...
Pakistan received highest funding in 2022: ADB Report
Pakistan has emerged as the only Asian country to receive the highest funding last year, as reported by the Asian Development Bank (ADB) on...
China’s Shanghai to ramp up high-tech investments
China's financial hub of Shanghai will promote investments in specialized technology including chip design, circuitry and artificial intelligence as the country pushes forward with...
ADB operations reach $20.5b in 2022, addressing crises, building resilience
ISLAMABAD: The Asian Development Bank (ADB) committed $20.5 billion from its own resources in FY 2022 to help Asia and the Pacific continue its...
UAE closes the gap of external financing
ISLAMABAD: Finance minister Ishaq Dar on Monday confirmed that Saudi Arabia and the United Arab Emirates (UAE) informed the IMF about their commitments to...
Credit Suisse says lost $68bn in assets last quarter, outflows continue
Credit Suisse (CSGN.S) said on Monday that 61 billion Swiss francs ($68 billion) in assets left the bank in the first quarter and that outflows...
Minister assures petrol subsidy scheme won’t derail IMF deal
Pakistan's Minister of State for Petroleum, Musadik Malik, has stated that the proposed petrol subsidy plan will not derail the loan deal with the...
