ISLAMABAD: An international commodity supplier, the OQ Trading has submitted a lowest commercial offer of US$ 18.4600 per Million British Thermal Unit (MMBTU) for supply of a cargo of liquefied natural gas (LNG) in the month of January 2024. Pakistan LNG Limited (PLL), a state-owned company, which procures LNG from the international market, issued … Read more
KARACHI: Pakistan has won back confidence of global investors as the country risk premium fell significantly from the peak of over 14% in June while its dollar-denominated Eurobond prices rose notably. Topline Securities CEO Mohammed Sohail said on social media platform X “Pakistan’s country risk premium has fallen significantly from its peak of 14.13% … Read more
An investor looking at the benchmark KSE-100 in this undated picture. — AFP/File KARACHI: The Pakistan Stock Exchange (PSX) Friday continued its upward trend as the benchmark KSE-100 index crossed the 59,000 barrier for the first time in its history. The benchmark index reached an intraday high of 59,502.28 points. However, it closed at 59,086.35 … Read more
ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has declared a notable increase in the prices of imported Re-gasified Liquefied Natural Gas (RLNG), effective from November 1, 2023, for a one-month duration. Oil and Gas Regulatory Authority (OGRA) has notified hike in the prices of imported Re-gasified Liquefied Natural Gas (RLNG) which will be … Read more
KARACHI: The Pakistan Stock Exchange (PSX) continued its record-breaking spree on Friday and surpassed the remarkable milestone of 59,000 points, reaching an all-time high of over 59,500 points due to economic optimism. The benchmark KSE-100 Index hit a record high of 59,502 points, rising by 1% or 602 points during the early trading hours … Read more
Holiday shopping market is flooded with discounts, starting at 30%, encompassing various goods from clothes to electronics People shop during a Black Friday sales event at Macy’s flagship store in US, November 22, 2018.—Reuters Holiday shoppers are in for a treat this season, with Ted Rossman, senior industry analyst at Bankrate and CreditCards.com, declaring … Read more
“There is no good news on debt burden as multilateral institutions didn’t permit restructuring of external, ” Dr Shamshad Akhtar says Dr Shamshad Akhtar addressing a SDPI conference in Islamabad. — X/@SDPIPakistan Dr Shamshad Akhtar says economic revival package on the cards. Says govt to restructure FBR to increase revenue to GDP ratio. We … Read more
ISLAMABAD: Government officials are levelling accusations against fertiliser manufacturers, claiming that they are profiting at the expense of farmers while enjoying the benefits of cheaper gas. A recent Economic Coordination Committee (ECC) meeting highlighted a disparity in the intended purpose of supplying natural gas to the fertiliser sector at subsidised rates. While the goal … Read more
Digitt+, a pioneering agri-fintech company, is thrilled to announce that it has been granted full commercial approval by the State Bank of Pakistan. This landmark achievement marks the culmination of an exciting journey that began with pilot approval, during which we onboarded 10,000 customers, facilitated transactions worth PKR 400 million, and processed 85,000 transactions. … Read more
BYD is emerging as formidable competitor to Tesla and is on track to surpass the latter as world’s largest EV manufacturer In this file photo taken on Oct 17, 2022, the electric BYD Seal berline of Chinese automaker BYD is presented on the first day of the Paris auto show. — AFP BYD delegation … Read more