In a bid to kick off work without any hiccups, Chinese companies would become partners in building the gas pipeline, which would snake through 1,100km with transmission capacity of 1.2 billion cubic feet per day. PHOTO: FILE ISLAMABAD: Pakistan has asked Iran to make up to 50% reduction in the price of gas to be…
Latest revision takes petrol to Rs325.43 per litre and HSD to Rs383.95 under the new pricing system The federal government on Thursday increased the price of petrol and high-speed diesel (HSD) by 45 paisas and Rs1.16 per litre, respectively, for August 14. According to a notification issued by the Ministry of Petroleum, the price of…
ISLAMABAD: Prospective buyers of Pakistan’s three power distribution companies have set out demands for a return on their investments in foreign currency, sought sovereign guarantees that their deals would not be reopened in future, and they will not be required to buy expensive electricity. Some of the demands, which the local and foreign investors have…
Pakistan Finance Minister Muhammad Aurangzeb. Photo: Reuters/ File ISLAMABAD: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb met Belarusian Energy Minister Denis Moroz to discuss bilateral economic relations, trade and investment, the finance ministry said on Wednesday. The minister welcomed the Belarusian delegation and highlighted the importance of expanding commercial ties and investment flows….
Proposed zone will comprise 264 operational units across five specialised segments Maritime Affairs Minister Muhammad Junaid Anwar Chaudhry speaks during a video message in Islamabad, Pakistan, on July 30, 2026—(Screengrab/Maritime Affairs Ministry) ISLAMABAD: Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry has announced plans to establish an automotive processing zone on 150 acres at…
PPDA chairman says govt refuses to change the system of daily adjustments in petroleum product prices during talks People wait in line at a petrol pump. — FILE PHOTO KARACHI: The Pakistan Petroleum Dealers Association (PPDA) said on Thursday that negotiations with the government had failed, prompting petroleum dealers to begin an indefinite nationwide strike…
KARACHI: Gold prices declined on Thursday after rising for seven consecutive days in local markets, as international bullion prices fell $35 per ounce to $4,380. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the local price of gold declined by Rs3,500 per tola to Rs460,436. The price of 10 grams of gold also…
Says Pakistan has also returned to global capital markets after 4 years through Eurobond, Panda Bond issuances ASSURANCES: The finance ministry estimates it will issue new guarantees of Rs683 billion from April 2026 to June 2027 against various projects and government-owned entities. The existing stock of sovereign guarantees is Rs4.4 trillion, projected to cross Rs5…
FinMin seeks easier digital onboarding, stronger data-sharing and greater integration between banks, capital markets Finance Minister Muhammad Auranzgeb meets with Pakistan Digital Authority (PDA) Chairperson Dr Sohail Munir in Islamabad. PHOTO: X Finance Minister Muhammad Aurangzeb on Thursday pushed for an enabling regulatory framework to expand electronic transactions and simplify digital access to finance, including…
KARACHI: Gold prices rose in the domestic market on Wednesday even as international rates showed mixed movements, influenced by key US economic data. According to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association, the price of gold per tola reached Rs463,936 after gaining Rs4,200. Ten-gram gold was quoted at Rs397,750, up Rs3,601. On…