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Pakistan decides to direct imported LNG to domestic use

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

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

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

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

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

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

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

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

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

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…
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