Business

SOEs witness 300% surge in FY25 net losses; 25 post Rs832bn in aggregate losses

SOEs witness 300% surge in FY25 net losses; 25 post Rs832bn in aggregate losses

ISLAMABAD: While witnessing a 300% surge in net losses of State Owned Enterprises (SOEs) in FY25, the finance ministry reported…
WTO chief urges China to shift on trade surplus

WTO chief urges China to shift on trade surplus

MUNICH: The head of the World Trade Organisation urged China to change its growth model, arguing that its soaring trade…
Petrol, diesel prices likely to rise

Petrol, diesel prices likely to rise

Oil and Gas Regulatory Authority (OGRA) forwarded a summary to the federal government suggesting an increase of Rs4.39 per liter…
UAE agrees to two-month rollover of $2 billion deposit for Pakistan

UAE agrees to two-month rollover of $2 billion deposit for Pakistan

ISLAMABAD: The United Arab Emirates has agreed in principle to roll over Pakistan’s $2 billion deposit for a short period…
Govt admits 2,223 power feeders face over 10-hour daily load-shedding

Govt admits 2,223 power feeders face over 10-hour daily load-shedding

The federal government admitted in the National Assembly that thousands of electricity feeders across Pakistan are subject to prolonged load-shedding…
PSX falls 2,100 points on fertiliser cess and global tech slump

PSX falls 2,100 points on fertiliser cess and global tech slump

The Pakistan Stock Exchange (PSX) experienced heavy selling on Friday, with the benchmark KSE-100 Index plunging over 2,100 points in…
Pakistan’s debt, trade deficit, and rising prices dominate economic outlook

Pakistan’s debt, trade deficit, and rising prices dominate economic outlook

The snapshot of debt and interest commitments put forward by the Ministry of Finance for FY 2025 has placed Pakistan’s finances under…
Weekly inflation slips by 0.59 percent

Weekly inflation slips by 0.59 percent

The weekly inflation, measured by the Sensitive Price Indicator (SPI), decreased by 0.59 percent for the combined consumption group during…
Banks cut export refinance facility rate by 3pc

Banks cut export refinance facility rate by 3pc

Pakistan’s banking sector announced a voluntary 3 percent reduction in the markup rate on the Export Refinance Facility (ERF), lowering…
LNG prices increased by 0.59 percent

LNG prices increased by 0.59 percent

Liquid Natural Gas (LNG) prices have been increased by 0.59 percent, it was reported on Friday. In this regard, Oil…
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