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Fuel-thirsty Asian countries line up for Russian oil

Fuel-thirsty Asian countries line up for Russian oil

MOSCOW: Asian countries including Vietnam, Thailand, the Philippines, Indonesia and Sri Lanka are lining up to buy Russian oil as…
Pakistan nears IMF deal as ‘significant progress’ reported in talks

Pakistan nears IMF deal as ‘significant progress’ reported in talks

ISLAMABAD: Pakistan has made significant progress toward reaching a staff-level agreement with the International Monetary Fund (IMF) under the Extended…
Pakistan moves to safeguard fertilizer supply amid Middle East disruptions

Pakistan moves to safeguard fertilizer supply amid Middle East disruptions

Federal Minister for National Food Security Rana Tanveer Hussain has reaffirmed the government’s commitment to maintaining an uninterrupted supply of…
Govt cuts Rs100 billion development budget to fund fuel subsidy

Govt cuts Rs100 billion development budget to fund fuel subsidy

ISLAMABAD: The federal government has reduced the Public Sector Development Programme (PSDP) by Rs100 billion to finance fuel subsidies, shifting…
Pakistan’s debt rises 18pc as new borrowing reaches $6.86bn

Pakistan’s debt rises 18pc as new borrowing reaches $6.86bn

ISLAMABAD: Pakistan’s total borrowing increased by 18 per cent during the first eight months (July–February) of the current fiscal year…
PSX turns negative amid Middle East uncertainty

PSX turns negative amid Middle East uncertainty

KARACHI: Pakistan Stock Exchange (PSX) turned negative on Thursday, ending its two-day gaining streak, as doubts grown over peace in…
Mobile app-based fuel quota system finalised for motorcycles, rickshaws

Mobile app-based fuel quota system finalised for motorcycles, rickshaws

ISLAMABAD: The government has completed preparations for a mobile application-based fuel quota system aimed at motorcycles and rickshaws, with the…
Japan says beginning release of state oil reserves

Japan says beginning release of state oil reserves

Japan said it had started to release another part of its strategic oil reserves Thursday as it looks to temper…
Gold prices in Pakistan drop sharply following global trend

Gold prices in Pakistan drop sharply following global trend

KARACHI: Gold prices in Pakistan witnessed a significant decline on Thursday, with the price per tola dropping by more than…
Oil prices climb as investors reassess Middle East ceasefire prospects

Oil prices climb as investors reassess Middle East ceasefire prospects

TOKYO: Oil prices climbed on Thursday, recovering some of the previous ‌day’s losses as investors reexamined prospects for de-escalation in…
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