ISLAMABAD: Pakistan has assured the International Monetary Fund (IMF) that it would review more than 2,660 non-tariff barriers that discourage imports, and many of these will be removed soon, including those restricting the import of mobile phones and cars. In yet another major concession agreed with the IMF under the $7 billion bailout package without…
Crude movement resumes after traffic restrictions halted logistics, forcing temporary shutdown a day earlier ISLAMABAD: The movement of crude oil and petroleum products to and from Attock Refinery Limited resumed late Wednesday night after authorities stepped in to ease disruptions, the refinery’s management said. The restoration was facilitated through the intervention of Petroleum Minister Ali…
Gold prices extended their decline on Thursday in Pakistan as the price of gold per tola dropped by Rs5,200 after the international market saw a dip of $52 per ounce to $4,714. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), in the local market, the price of gold per tola after the drop…
Bank of Punjab President & CEO Zafar Masud. Photo: File The Bank of Punjab (BoP) has entered into a strategic Memorandum of Understanding (MoU) with Stacks, marking an important step toward transforming Pakistan’s remittance landscape and strengthening the country’s digital financial ecosystem, according to a press release. The MoU was signed by Stacks Co founder…
LAHORE: Every few years, Pakistan finds itself at the edge of an economic breakthrough that never actually arrives. The country has the geography, youth, market size and increasingly the geopolitical relevance, yet foreign investors remain hesitant, the domestic industry stays frustrated and growth continues to punch well below its potential. The question being asked more…
Federal Minister for Board of Investment Qaiser Ahmed Sheikh, during his visit to London, engaged in high-level interactions with global financial leaders and institutions, underscoring Pakistan's commitment to strengthening international investment partnerships and enhancing professional standards in the financial sector. The meeting, hosted at the headquarters of the Chartered Institute for Securities & Investment (CISI),…
LAHORE: Prices of plastic products across Pakistan have surged sharply in recent weeks, driven by supply disruptions and volatility in petroleum-linked raw materials, affecting a broad range of everyday consumer goods. Industry representatives say the price of plastic resin, a key petroleum-derived raw material, has risen steeply following import constraints linked to geopolitical tensions, including…
Energy costs, currency pressures drive price stickiness as food inflation remains vulnerable KARACHI: Inflation is expected to remain in double digits in April 2026 as underlying cost pressures continue to dominate the economic outlook. Despite some easing in food supply conditions, overall price dynamics remain elevated, driven by persistent energy costs, currency-related pressures and structural…
ISLAMABAD: Oil and Gas Development Company (OGDC) has continued to accelerate efforts to unlock value from its stranded and low British-thermal-unit (BTU) gas resources, with a renewed focus on fast-tracking production from challenging assets such as the Zin Gas Field. As part of this strategy, OGDC is actively engaging with the government of Balochistan to…
Moody’s flags inflation risks, fiscal pressures may strain policy flexibility and investor confidence BENGALURU: A prolonged disruption in energy supply can widen India’s trade deficit and strain the fiscal account of the world’s fastest-growing major economy, according to rating agency Moody’s. Brent Crude prices have shot up 31% since the US-Israeli war on Iran began…