The meeting concluded with a mutual resolve to continue close collaboration between the Ministry of Petroleum and OGDC to overcome challenges and capitalise on opportunities within the energy sector. PHOTO: FILE ISLAMABAD: Oil and Gas Development Company Limited (OGDC) has achieved the highest-ever oil and gas discovery from a single well in Pakistan’s history at…
Authorities direct that practice of declaring exports under general trade codes be discontinued KARACHI: Pakistan Customs Export Collectorate has issued directives to ensure uninterrupted export of salt consignments with proper and exemplary packaging. These directives were issued during a meeting held between Collector Customs Export Rizwan Mahmood and representatives of the Salt Manufacturers Association, led…
The US dollar falls to its lowest level in six weeks, making greenback-denominated commodities Gold and Silver prices rose on Thursday in Pakistan, supported by a weaker dollar and lower US Treasury yields, as investors grew optimistic about a potential end to the Middle East war, which has stoked fears of higher inflation. Spot gold…
Bullish momentum accelerates as $2 billion Saudi inflow boosts sentiment, strengthens outlook for external stability KARACHI: The rally at the Pakistan Stock Exchange (PSX) gathered fresh momentum on Thursday, with bulls dominating from the opening bell and pushing the benchmark KSE-100 index sharply higher in early trade. Within minutes of the session, the index surged…
On January 1, 2025, 21 states increased their minimum wage rates. PHOTO: PEXELS ISLAMABAD: A European Union (EU) official on Wednesday urged Pakistan to make a decision about a $1 billion investment offer by Maersk before the window closes, as the 27-nation bloc is set to host European investors in Islamabad to explore more investment…
KARACHI: Buying momentum continued at the Pakistan Stock Exchange (PSX) on Wednesday as investors reacted positively to Saudi Arabia’s commitment of an additional $3 billion in deposits. Trading commenced on a cheery note and by 9:34am the benchmark KSE-100 index had surged 4,287 points, or 2.59%. The strong move pushed the index above 170,000 within…
In this handout photo, taken and released by Karachi Port Trust, a container ship sits docked at the Karachi Port in Karachi on May 29, 2024. Photo: KPT KARACHI: Karachi Gateway Terminal Limited (KGTL) and Karachi Gateway Terminal Multipurpose Limited (KGTML) Chief Executive Officer Khurram Aziz Khan has said that major infrastructure upgrades at the…
Aurangzeb says govt assessing second, third-round effects of crisis on economic indicators Pakistan Finance Minister Muhammad Aurangzeb speaks during an interview at the International Monetary Fund and World Bank Group’s annual spring meetings in Washington DC, US, April 13, 2026, PHOTO: REUTERS ISLAMABAD: Federal Minister for Finance Muhammad Aurangzeb participated in a meeting convened by…
Says the government considers buying liquefied natural gas on the spot market to offset supply disruptions Minister for Petroleum and Natural Resources Ali Pervaiz Malik speaks during an interview with Reuters, during the Pakistan Minerals Investment Forum 2025, in Islamabad, Pakistan April 8, 2025. Photo: Reuters Minister for Petroleum Ali Pervaiz Malik said on Wednesday…
Says discovery in Bazgai X-1 well in Nashpa block is producing 15,005 barrels of oil, 45.36 MMSCFD of gas per day Minister for Petroleum Ali Pervaiz Malik inaugurates commercial production from OGDC’s Baragzai X-01 well in the Nashpa block, Kohat, on Tuesday. Photo: APP In a major development amid the ongoing energy crisis, the Oil…