Business

Azerbaijan’s oil company set to finalise investment in Pakistan next month

Azerbaijan’s oil company set to finalise investment in Pakistan next month

Pakistan’s finance ministry said Azerbaijan’s state energy company SOCAR is set to finalize an investment in Pakistan’s oil and gas…
FBR seals illegal petrol pumps, PDL collection rises to Rs828bn

FBR seals illegal petrol pumps, PDL collection rises to Rs828bn

ISLAMABAD: Pakistan Customs officials sealed 1,442 petrol pumps set up across the country illegally as part of a nationwide crackdown…
Used imported phone prices likely to fall as FBR revises valuation rates

Used imported phone prices likely to fall as FBR revises valuation rates

ISLAMABAD: The Federal Board of Revenue’s (FBR) Directorate General of Customs Valuation Department has lowered assessment rates for used and…
Govt invites applications for new Ogra chairman

Govt invites applications for new Ogra chairman

The federal government on Friday decided to appoint a new chairman of the Oil and Gas Regulatory Authority (OGRA). For…
Solar panel rates increased in Lahore

Solar panel rates increased in Lahore

An increase of Rs10 per watt in the price of solar panels is being witnessed, and the prices of 5-to…
Gold prices set a new record in Pakistan

Gold prices set a new record in Pakistan

KARACHI: Gold and silver prices surged to historic highs in both international and local markets on Friday. In the global…
Oil prices rebound after Trump comments on ‘armada’ moving to Iran spur supply worries

Oil prices rebound after Trump comments on ‘armada’ moving to Iran spur supply worries

PERTH: Oil prices rebounded on Friday after U.S. President Donald Trump renewed threats against major Middle Eastern producer Iran, raising…
World Bank warns of economic risks for Pakistan

World Bank warns of economic risks for Pakistan

KARACHI: The World Bank has cautioned that Pakistan faces heightened economic risks as regional conflicts, climate shocks and global financial…
Nestlé pumps $60M into Pakistan, eyes regional hub

Nestlé pumps $60M into Pakistan, eyes regional hub

Nestlé has announced a fresh investment of $60 million in Pakistan. The company plans to expand its operations and strengthen…
Fitch reaffirms Pakistan’s ‘B-‘ debt rating, assigns RR4 recovery outlook

Fitch reaffirms Pakistan’s ‘B-‘ debt rating, assigns RR4 recovery outlook

ISLAMABAD: Fitch Ratings has reaffirmed Pakistan’s long-term debt ratings at ‘B-’, maintaining the level it upgraded to in April last…
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