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Power Tariff Likely to Increase by Rs. 2.56 Per Unit Across Pakistan
Electricity Price Likely to Increase by Rs. 2.56 Per Unit Across Pakistan, Including K-Electric Consumers, Under September Fuel Charges Adjustment ISLAMABAD: The financial burden may be more on the electricity consumers in Pakistan including the consumers in the K-Electric Area as the power tariff may be raised by Rs. For one month, it’s 2.56 per…
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OGDCL Holds 29th Annual General Meeting in Islamabad, Declares Record-Breaking Total Annual Dividend of Rs. 17 Per Share (170%)
Oil and Gas Development Company Limited Holds 29th Annual General Meeting in Islamabad; Approves Record-Breaking Total Annual Dividend of Rs. 17 Per Share (170%) ISLAMABAD: On 16th October, Oil and Gas Development Company Limited (OGDCL) successfully conducted its 29th Annual General Meeting (AGM) at the corporate office of the company in Islamabad. At the high-level…
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Finance Minister Muhammad Aurangzeb Meets JP Morgan Delegation in Bangkok
Finance Minister Muhammad Aurangzeb Meets JP Morgan Delegation in Bangkok; Discusses Upgrading Pakistan’s Credit Rating and Securing Analytical Support for Institutional Reforms BANGKOK : In the ongoing annual meetings of the International Monetary Fund (IMF) and the World Bank (WB) in Bangkok, Pakistan minister for finance and revenue Muhammad Aurangzeb met a top-notch team of…
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Pakistan’s Current Account Deficit Surges by 388 Percent in September to Reach $356 Million, Reports State Bank
Pakistan’s Current Account Deficit Surges by 388 Percent in September to Touch $356 Million, Reports State Bank; Q1 Deficit Rises by 16 Percent ISLAMABAD: Official financial data from the central bank showed that the external account balance of the country turned sour in September, with a current account deficit of $356 million. On a month-on-month…
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Pakistan’s Foreign Exchange Reserves Increase by $65.9 Million in a Week to Reach $26.86 Billion, Says State Bank
Pakistan’s Foreign Exchange Reserves Increase by $65.9 Million in a Single Week; Total Reserves Reach $26.86 Billion, Reports State Bank ISLAMABAD: Official financial figures released by the State Bank of Pakistan showed that foreign exchange reserves of Pakistan have been improving and posted net surplus in the last week. Total liquid foreign reserves of the…
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Gold Prices Remain Stable in International and Local Markets While Silver Witnesses Further Decline
Gold Prices Remain Steady Across Global and Local Markets While Silver Witnesses Further Decline ISLAMABAD: Precious metal markets across Pakistan experienced stable gold valuations alongside a notable downward adjustment in silver prices during the latest trading session. According to the All Pakistan Sarafa Association, the price of 24-karat gold remained unchanged at Rs. 437,836 per…
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Pakistan’s Remittances Expected to Reach $44 Billion This Fiscal Year
Pakistan is Transitioning from Aid to Trade and Investment; Remittances Expected to Reach $44 Billion This Fiscal Year, States Finance Minister Muhammad Aurangzeb ISLAMABAD: Muhammad Aurangzeb, the minister for finance and revenue, has said that Pakistan’s economic path is clearly moving away from foreign aid and towards sustainable trade and direct investment, emphasizing on building…
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Prime Minister Shehbaz Sharif Directs Urgent Action to Boost Mineral and Gemstone Exports
Prime Minister Shehbaz Sharif Directs Comprehensive Action Plan to Boost Exports from Vast Mineral Reserves; Expresses Dissatisfaction Over Delays in Gemstone Pilot Project ISLAMABAD: Prime Minister Shehbaz Sharif has voiced his discontent with the slow progress on the pilot project for exploration, cutting and value addition of precious stones, calling on the concerned authorities to…
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Challenging the Depths: OGDCL’s Multi-Block Offshore Expansion Shifting Pakistan’s Economic Horizon
While land-based fields and mature onshore basins have long served as the traditional backbone of Pakistan’s hydrocarbon output, the nation’s premier corporate champion continues to break new ground where others hesitate. Marking a monumental strategic milestone for the country’s energy infrastructure, the Oil and Gas Development Company Limited (OGDCL) has taken a commanding leadership role…
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Pakistani Rupee Continues Upward Trend as US Dollar Depreciates in Both Open and Interbank Markets
Pakistani Rupee Continues Upward Trend; US Dollar Registers Further Decline Across Open and Interbank Markets, According to ECAP ISLAMABAD: The local currency sustained its positive momentum against the US dollar on Tuesday, with continuous marginal declines recorded for the greenback across both open and interbank foreign exchange markets. According to data released by the Exchange…