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Oil Prices Climb Amidst Middle East Tensions and Tanker Diversions
Oil prices increased on Friday, influenced by geopolitical developments and logistical challenges in the Middle East. Following air and sea…
PSX Rises over 500 Points on Approval of IMF Loan
The Pakistan Stock Exchange (PSX) witnessed consecutive gains on Friday, buoyed by the successful conclusion of the first review of…
Setback in Muzaffargarh Solar Project: No Bids Received Despite Incentives
A significant setback is that Muzaffargarh's 600-megawatt solar power project has failed to attract any bids despite the Private Power…
IMF Approves $700 Million Loan for Pakistan
The International Monetary Fund (IMF) has approved a $700 million loan tranche to Pakistan by the IMF's Executive Board after…
SEC Approves First U.S.-Listed Bitcoin ETFs, Ushering New Era in Crypto Investmen
The U.S. Securities and Exchange Commission (SEC) authorized the first U.S.-listed exchange-traded funds (ETFs) to track Bitcoin. This represents a…
Boeing Achieves Record-Breaking Sales in 2023 with Substantial Growth
Boeing, the renowned U.S. aircraft manufacturer, achieved a remarkable milestone in 2023, marking a 70% increase in annual net orders.…
Pakistan’s Alarming Spike in Bank Borrowings Signals Fiscal Concerns
The government of Pakistan has exhibited a worrying trend in its reliance on bank borrowings, with recent data indicating a…
Oil Prices Dip Over 1% Amid Saudi Price Cuts and Rising OPEC Output
Oil prices experienced a decline, with Brent crude and U.S. West Texas Intermediate crude futures falling by more than 1%.…
Pakistan Welcomes Satellite Communication Giants Post National Space Policy Approval
International satellite communication entities like Starlink and Web1 will enter Pakistan following the approval of the National Space Policy, which…