In November, Pakistan’s exports increased by 8.98%, reaching $2.804 billion, up from $2.573 billion in the same month of the previous fiscal year. On the other hand, imports decreased by 2.92%, totaling $4.393 billion in November, compared to $4.525 billion…
Pakistan is focused on fulfilling the stringent conditions set by the International Monetary Fund (IMF) ahead of its first economic review, with an IMF mission scheduled to visit the country in early 2025, sources disclosed. According to official documents, the…
Following the signing of 34 memoranda of understanding (MoUs) between Pakistan and Saudi Arabia, the two countries have secured investment deals worth $560 million, underscoring their commitment to strengthening bilateral ties in various sectors. Prime Minister Shehbaz Sharif led a…
The National Electric Power Regulatory Authority (NEPRA) is anticipated to hold a public hearing this week regarding the tariff increase. Following the hearing, a notification will be issued to finalize the proposed adjustment. According to sources, K-Electric’s Saudi shareholder raised…
Pakistan’s inflation fell to 4.9% in November, the lowest rate in six years, providing some relief to consumers after a prolonged period of high prices. The figure is within the central bank’s target range of 5-7%. The November consumer price…
WASHINGTON: US President-elect Donald Trump has warned of imposing 100% tariffs on BRICS countries if they create a common currency to challenge the US dollar. His warning was aimed at the BRICS nations, which include Brazil, Russia, India, China, South…
ISLAMABAD:The Oil and Gas Regulatory Authority (OGRA) has announced a slight increase in Liquefied Petroleum Gas (LPG) prices for December 2024, attributing the adjustment to fluctuations in the exchange rate. In a statement, OGRA clarified that the LPG producer price…
The government has announced updated petroleum product prices for the upcoming fortnight, as reported by 24NewsHD TV channel on Saturday. According to the Finance Division, the price of petrol has increased by Rs 3.72 per litre. Effective from December 1,…
LAHORE:The Federal Board of Revenue’s (FBR) push to bring the retail sector into the tax net is facing resistance, with a significant portion of retailers still unwilling to register. The reluctance stems from concerns over the FBR’s approach. Many retailers…
The Shah Bandar Block discovery was made at a depth of 2,475 meters in October, with production commencing in November. The well is projected to yield 12.4 million standard cubic feet of gas daily, along with approximately 1,090 barrels of…
