Commerce Minister Rejects Rumours of Pakistan’s Default Risk
Minister for Commerce Syed Naveed Qamar has rejected the rumours that Pakistan is on the verge of default. Talking to media in Tando Muhammad Khan,...
As Cold Intensifies Gas Shortage Reaches 1.3 Billion Cubic Feet Daily
Islamabad\Karachi\Lahore\Peshawar\Quetta: With the increase of cold season the gas crises is also on the rise in the country. The gas short fall has reached up...
Shanghai Thar-Coal 2nd 660 MW Unit Linked To National Grid This Morning: Khurram Dastagir
Islamabad: Federal Minister for Power and Electricity Khurram Dastagir on Sunday giving good news to the nation said that Shanghai Thar-coal second 660 mw unit...
ECC Approves Two Projects Related To Reko Diq Project
Islamabad: The Economic Coordination Committee has approved two important agenda items related to Reko Diq project, paving the way for early start of the Reko...
No change in SPI-based Weekly Inflation
ISLAMABAD: The Sensitive Price Indicator (SPI) based weekly inflation remained unchanged during the week ended on December 08 as compared to the previous week for...
Reko Diq Agreement With Foreign Company Declared Legal By SC
ISLAMABAD: The Supreme Court of Pakistan has declared the agreement brokered with the Canadian company Barrick Gold Corporation for the development of the Reko Diq...
Pakistan’s Debt Repayments on Track’, SBP Chief on Depleting Forex Reserves
State Bank of Pakistan (SBP) Governor Jameel Ahmad has reiterated that all debt repayments are on track, adding that country’s foreign exchange reserves are expected...
Gold Prices Reach Historic High of Rs166,400/ Tola
The gold prices witnessed another historic high on Thursday as the price of 24 karats per tola gold surged by Rs 2250 and was traded...
PSX Loses 167 Points, Closes at 41651 Points
The 100-index of the Pakistan Stock Exchange (PSX) witnessed bearish trend on Thursday, losing 167.68 points, a negative change of 0.40 percent, closing at 41651.61...
Energy Minister Inaugurates 100 MW Solar power Project in Layyah
Minister for Energy Khurram Dastgir Khan says incumbent government is working on eco-friendly and affordable power generation projects that will yield far-reaching results. Addressing the...
Oil Falls Close to 2022 Lows on Economic Worries, Easing Supply fears
LONDON: Oil weakened on Wednesday, with Brent crude falling close to its lowest this year, pressured by concern about recession and easing fears that a...
Finance Ministry Rebuts Claims of Economic Emergency
ISLAMABAD: The ministry of finance rebutted the claims of economic emergency being imposed in Pakistan and said such messages were being circulated by elements who...
Rupee Continues to Dip as Import Payment Pressure Weighs
Pakistani rupee remained under pressure on Tuesday as demand from importers seeking to pay their bills increased in the market. The rupee closed at 224.11...
ECC Approves Wheat Import of 450000MT From Russia
ISLAMABAD: The Economic Coordination Committee has accorded approval to import of 450,000 metric tonnes of wheat from Russia. ...
G7 Begins to Press Russia on Ukraine With oil Price Cap
KYIV: A Group of Seven (G7) price cap on Russian seaborne oil came into force on Monday as the West tries to limit Moscow’s ability...
No Embarrassment Over Legislation To Extend Tenure Of Ex-COAS: Saad
Lahore: Federal Minister for Railways and aviation Khawaja Saad Rafique has said that there is no embarrassment over the legislation in the parliament to extend...
Pakistan Repays $1bn Sukuk, Ends Immediate Default Risk Challenge: Bloomberg
KARACHI: The State Bank of Pakistan (SBP) said it made the payment for a $1 billion bond as per claims by the central bank chief...
ECC Approves Over Rs8.10b For Various Development Schemes
ISLAMABAD: Economic Coordination Committee has approved over 8.10 billion rupees for execution of various development schemes in the four provinces under Public Sector Development Program....
Saudi Arabia Extends Term Of $3 billion Deposited With SBP
Karachi: The State Bank of Pakistan (SBP) announced on Friday that Saudi Arabia has extended the term for the $3 billion deposited with the central...
PM Shahbaz Invites Chinese Companies To Invest In Solar Energy Projects
Islamabad: A delegation of China Construction Third Engineering Bureau (CCTEB ) led by Tan Guofu, Vice Chairman of the company called on Prime Minister Muhammad...