ISLAMABAD: Stakeholders have raised questions over the bidding process initiated by a petroleum company for the sale of 35% gas from the Spinwam Gas Field, citing concerns about compliance with the Council of Common Interests (CCI) decision and the Petroleum Division’s SRO 11(I)/2025. The petroleum ministry has been approached regarding compliance with rules on third-party…
LAHORE: Pakistan and Germany share longstanding friendly and economic relations, but significant untapped potential remains in trade diversification and investment expansion due to regulatory unpredictability, taxation complexity, lack of transparency and red tape, German Ambassador Ina Lepel said on Tuesday. Speaking at the Lahore Chamber of Commerce and Industry (LCCI), she noted that bilateral trade…
Total oil inventories in the members of the Organisation for Economic Cooperation and Development will fall NEW YORK: Oil stockpiles in the world’s largest economies were headed toward the lowest levels since at least 2003 as top consuming nations tapped inventories at a record pace to plug the loss of over 11 million barrels a…
ISLAMABAD: Pakistan and Russia are set to sign an economic cooperation agreement by 2030 targeted at boosting trade and investment opportunities in different areas of the economy. Pakistan has also agreed to join the International North-South Transport Corridor proposed by Russia, which will be connected to Gwadar Port. Recently, the Russian deputy prime minister announced…
Benchmark KSE-100 Index sheds 903.12 points amid persistent cautious sentiment, settles at 169,427.44 KARACHI: Trading at the Pakistan Stock Exchange (PSX) remained highly volatile on Wednesday as investors reacted cautiously to escalating geopolitical tensions in the Middle East, triggering sharp intraday fluctuations in the benchmark KSE-100 Index. As selling pressure intensified towards the close, however,…
PSX revises auction size of 10-year variable rental rate Islamic papers, reschedules calendar KARACHI: The government has sharply increased the target size for its 10-year variable rental rate GoP hybrid sukuk to Rs200 billion from Rs50 billion, according to a Pakistan Stock Exchange (PSX) after advice from the Debt Management Office (DMO). The revision applies…
Represents a 20.2% increase compared with the previous month and a 15.4% rise from the same period last year Pakistan received its highest-ever monthly inflow of workers’ remittances in May, with overseas Pakistanis sending $4.3bn during the month, according to data released by the State Bank of Pakistan (SBP) on Wednesday. The central bank said…
Gold and silver prices witnessed a significant decline on Wednesday in both global and local markets after a one-day pause, as fresh fighting in the Middle East dimmed hopes of a resolution to the US–Israeli war with Iran, heightening concerns about inflation and potential interest rate hikes. In the international bullion market, spot gold was…
Floating debt surges to Rs10.56tr on short-term borrowing to meet fiscal shortfalls KARACHI: Pakistan’s gross government domestic debt and liabilities rose to Rs58,089 billion in April 2026, reflecting a steady upward trend in public borrowing, according to data released by the State Bank of Pakistan (SBP) on Tuesday. The total compares with Rs57,566 billion in…
ISLAMABAD: Sialkot has emerged as a key player in e-commerce trading, where 87% of Pakistan’s total trade transactions are made by Chinese tech giants alone, primarily driven by wholesale business. Federal Minister for Information Technology and Telecommunication Shaza Fatima Khawaja said that the government was aiming to be the primary buyer of local innovative tech…