ISLAMABAD: Pakistan has made national security, spectrum management and security requirements essential components of the framework to launch satellite-based internet services in the country. The regulatory framework for launching satellite internet has entered its final stages, and the federal cabinet will approve the licensing framework for fixed satellite services (FSS). Federal Minister for IT and…
Aurangzeb says current account surplus was a little over USD1b in March this year Finance Minister Muhammad Aurangzeb on Tuesday said Pakistan’s economic growth will be about four per cent this fiscal year while speaking at the EU-Pakistan High Level Business Forum in Islamabad, according to Radio Pakistan. He noted that this represents a significant…
By helping the world reduce oil prices from the $150-$200 range and saving hundreds of billions in import bills and high interest expense, Pakistan has earned its seat at the table. photo: REUTERS Stocks held their ground and oil rose on Tuesday as investors weighed the stalemate in the Iran conflict, while the yen was…
Tokyo, Hong Kong, Shanghai and Sydney led losses, though there were gains in Seoul, Singapore, Taipei and Jakarta Oil prices edged up and stocks wavered on Tuesday as Donald Trump weighed an Iranian proposal that would reportedly reopen the Strait of Hormuz and end the eight-week-old war. Investors were also gearing up for key central…
KARACHI: The Pakistan Stock Exchange (PSX) witnessed a subdued trading session on Monday as investors remained cautious ahead of the State Bank of Pakistan’s (SBP) monetary policy announcement. The benchmark index opened on a dull note and traded within a narrow range throughout the session, reflecting a clear wait-and-see approach across the board. The index…
ISLAMABAD: Federal Minister for Climate Change Musadik Malik held a meeting with Global Green Growth Institute (GGGI) Country Representative Laura Jalosjoki to discuss climate financing and strategic planning, according to a statement on Monday. Jalosjiki briefed the minister on how GGGI can support Pakistan in developing institutional and financial frameworks to access climate financing. She…
ISLAMABAD: Pakistan exported goods worth Rs6,393 billion during the first three quarters (July-March) of the current fiscal year (2025-26), a decline of 7.14% compared with Rs6,884 billion in the same period last year, according to the Pakistan Bureau of Statistics (PBS). In March alone, exports amounted to Rs635.5 billion, down 0.17% from February and 14.21%…
ISLAMABAD: A great power rests on three pillars: military, diplomacy and economy. Pakistan has achieved many milestones on the military and diplomatic fronts. Two recent events further reinforced our strength. First, the decisive victory in Operation Bunyan Marsoos strengthened Pakistan’s credentials as a formidable military power. It elevated Pakistan’s global profile. Countries began to show…
Analysts have estimated a loss of 7 million to 10 million barrels per day of Middle East oil production due to ongoing war. PHOTO: PEXELS Oil prices jumped almost 3% on Monday as peace talks between the United States and Iran stalled and shipments through the Strait of Hormuz remained limited, keeping global oil supplies…
STOXX 600 flat as oil and gas index jumps 8%; ECB and Bank of England meetings in focus this week European shares were muted on Monday, as investors prepared for a week packed with central bank meetings, while oil prices rose with United States-Iran peace talks stalling again. US President Donald Trump cancelled a trip…