LAHORE UNS – Minister of Energy (Petroleum Division) Senator Dr Musadik Malik inaugurated gas transmission project in district Hafizabad. Special Assistant to Prime Minister on Interior and Legal Affairs Attaullah Tarar, former Member of National Assembly Saira Afzal Tarar, Shahid Hussain Bhatti and MD SNGPL Ali J. Hamdani were also […]
Business
KARACHI -UNS: The Pakistani rupee plunged to a record low of Rs255.43 against the dollar in the inter bank market on Thursday, sliding Rs24.54 or 9.61 per cent from yesterday’s close, after the removal of an unofficial price cap on the exchange rate. It was the largest single-day decline in […]
KARACHI -UNS: The Exchange Companies Association of Pakistan (ECAP) announced on Tuesday that it would remove the cap on the US dollar from January 25 (tomorrow). The exchange rate has been primarily hit hard by a steep decline in the central bank’s foreign exchange reserves, which have shrunk to $4.6 […]
WT REPORT KARACHI : State Bank of Pakistan (SBP) Governor Jameel Ahmad announced on Monday that the Monetary Policy Committee (MPC) had decided to increase the interest rate by one per cent to 17pc. He made the announcement in a press conference following the MPC’s meeting. The increase was largely […]
ISLAMABAD -UNS : Pakistan,Russia agree to enhance bilateral trade in local currency and enhance cooperation in energy, agriculture and industrial sectors. Both the countries have agreed to enhance cooperation in the hydroelectricity sector. The understanding was reached during the Inter-Governmental Commission (IGC) talks in Islamabad between Pakistan and high level […]
The lending unit of crypto firm Genesis filed on Thursday for US bankruptcy protection from creditors, toppled by a market rout along with the likes of exchange FTX and lender BlockFi. Genesis Global Capital, one of the largest crypto lenders, froze customer redemptions on Nov. 16 after FTX stunned the […]
JAMES M. DORSEY If real estate is anything to go by, Dubai is snubbing its nose at Saudi efforts to replace it as the Middle East’s go-to business and expatriate hub. Saudi Arabia’s insistence that corporations doing government-related business in the country, many of which have their regional base in […]
ISLAMABAD -UNS The United Arab Emirates (UAE) on Thursday agreed to roll over the existing $2 billion debt in much-needed financial help that would stabilise Pakistan’s foreign exchange reserves. In addition to announcing the rollover, the Gulf country announced a loan of $1 billion for the South Asian country. The […]
WT Report ISLAMABAD : Prime Minister Shehbaz Sharif Wednesday said the world reposed trust in Pakistan and pledged worth over $9 billion in flood aid despite indiscriminate propaganda by the rivals — Pakistan Tehreek-e-Insaf (PTI). Addressing press conference with others federal minister he said that our government will ensure transparency […]
The Oil and Gas Regulatory Authority (OGRA) has dropped a gas bomb on the masses as it increased the tariff for consumers of two sui gas companies by up to 74%, effective from July 2022. The regulator, in a notification issued on Wednesday, hiked the tariff of Sui Northern Gas […]