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Business
Petrol and Diesel Prices in Pakistan to Remain Unchanged, Says Finance Minister
The federal government has resolved to keep fuel prices steady for the coming fortnight. Finance Minister Ishaq Dar unveiled this…
Fuel Price Fluctuations Expected: Petrol Prices to Drop, Diesel to Rise in June’s Second Half
The second half of June could witness a price reduction of Rs1.87 per litre in petrol. However, high-speed diesel (HSD)…
World Bank Sanctions $200M Aid for Flood-Hit Pakistan
As reported on Wednesday, the World Bank has greenlit a $200 million emergency aid package for Pakistan to mend infrastructure…
Pakistan Floats Tenders for LNG Spot Cargoes, Strikes Supply Deal with Azerbaijan
For the first time in almost a year, Pakistan has released two tenders seeking spot liquefied natural gas (LNG) cargoes…
A Decline in Remittances Deepens Pakistan’s Economic Struggles
Overseas workers' remittances to Pakistan have dropped by 12.8% YoY to $24.8 billion in the first 11 months of this…
Pak Suzuki Motorcycle Plant Closure Extended Due to Raw Material Shortage
Pak Suzuki Motor Co Limited extended its motorcycle plant shutdown for another week due to an inventory shortage. Originally set…
Pakistani Rupee’s Value Drops Amid Debt Repayments; Gold Prices Follow Suit
The Pakistani rupee's value dropped for the third day due to looming debt repayments in June, fiscal year-end. Analysts anticipate…
Mixed Fortunes in Pakistan’s Auto Sector Amid Recovery and Decline
May 2023 brought optimism for Pakistan's auto industry as car sales experienced a monthly recovery of 19%. Nonetheless, a massive…
Gold Prices Dip in Pakistan Amid Local Currency Depreciation
Gold prices in Pakistan experienced a drop at the beginning of the week, largely driven by the local currency's depreciation…