Business

Business

Shell will lose $1billion contract as Qatar offers Pakistan lower LNG rate

Energy giant Royal Dutch Shell will lose a five-year liquefied natural gas (LNG) supply contract worth over $1 billion as…

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OGDC:Abbasi believes major gas finds will minimise outages

The Petroleum and Natural Resources Minister Shahid Khaqan Abbasi has announced earlier today in Islamabad  that the Oil and Gas…

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India has managed housing shortage better then Pakistan

As opposed to roughly 1,000 housing loans that 26 financial institutions process every quarter across Pakistan, only one private-sector lender…

3 Min Read

Huge Demand: Karachi surges to leadership position in real estate sector

Karachi’s improved law and order situation has crowned it a leader in terms of real estate prices as the city…

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“Pakistan faces an unprecedented Rs3.3 trillion revenue black hole” IMF report

"Due to administrative weaknesses, lower tax compliance and under-reporting, Pakistan is bleeding Rs3.3 trillion a year in revenue – an…

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Pakistan’s $2 billion LNG pipeline project hits a snag

Islamabad: Pakistan’s two-billion-dollar LNG pipeline project has hit a snag with Washington slapping a set of sanctions on the Russian firm…

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Pakistan’s trade deficit surges to $11.92 billion

 Amid increasing concerns over further loss of competitiveness in global markets, Pakistan’s external trade deficit increased to roughly $12 billion…

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ECC likely to give go ahead to multibillion dollar LNG deal

The Economic Coordination Committee (ECC) is finaly  likely to give its approval to the multibillion dollar LNG contract with Qatar…

3 Min Read

Slowdown in economic reforms could reverse economic gains claims IMF report

The International Monetary Fund (IMF) has demanded that Pakistan privatise its loss-making entities soon, as any slowdown in economic reforms…

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