Business
Pakistan decides to direct imported LNG to domestic use
November 12, 2024
Pakistan decides to direct imported LNG to domestic use
ISLAMABAD: Pakistan has decided to stop the purchase of imported liquefied natural gas (LNG) and redirect it to domestic consumers,…
Pakistani-led Canadian group Al-Nihang offers $358m to acquire PIA
November 12, 2024
Pakistani-led Canadian group Al-Nihang offers $358m to acquire PIA
KARACHI: A business group in Canada led by a Pakistani expat has offered the government around Rs100 billion ($358 million)…
Oil prices steady ahead of OPEC report, China stimulus limit gains
November 12, 2024
Oil prices steady ahead of OPEC report, China stimulus limit gains
SINGAPORE: Oil prices were little changed on Tuesday, awaiting further price direction from OPEC’s monthly report, while investor disappointment over…
Petrol, diesel prices in Pakistan may go up from Nov 16
November 12, 2024
Petrol, diesel prices in Pakistan may go up from Nov 16
ISLAMABAD: Petrol and diesel prices in Pakistan are expected to rise significantly from November 16 following the International Monetary Fund…
Europe must prepare for new trade war with US, ECB officials warn
November 12, 2024
Europe must prepare for new trade war with US, ECB officials warn
VIENNA/FRANKFURT: Protectionist policies from the incoming U.S. administration will hamper global growth and Europe must be better prepared than in…
Pakistan’s debt-to-GDP ratio slumps to lowest point since June 2018
November 12, 2024
Pakistan’s debt-to-GDP ratio slumps to lowest point since June 2018
KARACHI: Amid ongoing efforts by the incumbent government to improve the economic indicators, the country’s debt-to-GDP ratio has dropped to…
Record-breaking bitcoin rally nears $90,000 on Trump boost
November 12, 2024
Record-breaking bitcoin rally nears $90,000 on Trump boost
SINGAPORE: Bitcoin stood on the verge of $90,000 on Tuesday, riding a wave of euphoria since the election of Donald…
Stock market: Asian shares mostly decline, shrugging off Wall Street’s rally
November 12, 2024
Stock market: Asian shares mostly decline, shrugging off Wall Street’s rally
TOKYO: Asian shares mostly fell Tuesday, despite a rally on Wall Street in stocks seen as benefiting the most from…
Gold prices decrease by Rs7,000 to Rs270,500 per tola
November 12, 2024
Gold prices decrease by Rs7,000 to Rs270,500 per tola
ISLAMABAD: The price of 24 karat per tola gold decreased by Rs7,000 and was sold at Rs270,500 on Tuesday against…
PSM restoration talks to be held next week, says Russian envoy
November 11, 2024
PSM restoration talks to be held next week, says Russian envoy
ISLAMABAD: Russian Ambassador Albert Khorev on Monday confirmed Pakistan and Moscow will hold talks for the restoration of Pakistan Steel…