45,000 tonnes of crude oil landed in Pakistan from Russia through Oman. Russian crude oil is being unloaded from a cargo ship at Karachi Port Trust’s PRL Terminal. The shipment of 45,000 tonnes of crude oil from Russia to Pakistan through Oman was the first of its sort in theContinue Reading
ISLAMABAD : The State Bank of Pakistan (SBP) will publish its monetary policy rate. According to a statement issued by the central bank, the Monetary Policy Committee (MPC) will meet on June 12 to review the country’s overall financial position, economic indicators, and the performance of various internal and externalContinue Reading
Ahsan Iqbal, the federal minister for planning and development, claimed that Pakistan’s debt has surpassed its income. Federal Minister Ahsan Iqbal said that the PML-N administration was overthrown by cheating and that an amateur was installed in its place, which led to Pakistan’s current economic catastrophe. Iqbal was speaking toContinue Reading
KARACHI – Pak Suzuki Motor Company (PSMC) said on Tuesday that it would halt its motorbike manufacturing facilities until June 10 as the nation’s economic condition worsens. The Pakistan Stock Exchange (PSX) received notification of the news. It said that the continuous import restrictions by the government, which have hadContinue Reading
KARACHI (Web Desk) – The State Bank of Pakistan (SBP)-led foreign currency reserves fell further during the week ending May 12 as external debt repayments cut reserves for the third week in a row. The reserves declined by $72 million to $4.31 billion, according to the central bank. The presentContinue Reading
SINGAPORE – Oil prices fell on Monday as worries about fuel consumption in the world’s two largest users, the United States and China, outweighed optimistic optimism about tightening supply from potential OPEC+ cutbacks and a restart of US purchases for reserves. Brent crude futures were down 62 cents, or 0.84%,Continue Reading
The International Monetary Fund (IMF) has now requested Pakistan to arrange $8 billion in new loans to support external debt repayments over the next seven months in order to ensure that the long-stalled ninth review bailout package is successfully completed, despite receiving confirmation from Saudi Arabia and the United ArabContinue Reading
Beginning on Tuesday, the suspension of mobile broadband internet services cost Pakistan’s telecom industry Rs2.49 billion. Due to the riots started by Imran Khan’s imprisonment, mobile broadband internet connections have been down for a fourth day in a row in numerous parts of the nation. Mobile broadband services provide 280Continue Reading
LAHORE – Three World Bank, Asian Development Bank (ADB), and Agence Française de Developpement (AFD) teams met separately with NTDC Managing Director Engr. Dr. Rana Abdul Jabbar Khan today at WAPDA House Lahore to evaluate the status of different existing and planned projects. The foreign delegations of the lenders, alongContinue Reading
ISLAMABAD: The cement dispatches decreased by 7.10% in February 2023 as a result of the worsening economic condition, import restrictions, and halted building operations. The total amount of cement shipped this month was 4.040 million tonnes, compared to 4.348 million tonnes sent in the same month previous fiscal year. TheContinue Reading
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