Oil prices rise on potential Opec+supply cuts
On Thursday oil prices rose on mounting supply tightness concerns amid disruptions to Russian exports, the potential for major producers...
Standard Chartered Pakistan brings record half-yearly operating profit
Standard Chartered Bank Pakistan Limited (SCBPL) brings a record half-yearly profit before tax of PKR 22.0 billion, indicating an improvement...
More Internet breakdown expected in coming days
Internet users are expected to face more breakdowns in the coming days as the draining out of floodwater, which is...
Current account debt shrinks
Pakistan’s current-account debt the gap between the country’s higher foreign expenditure and low income narrowed down significantly by 45% to...
IMF sees inflation peaking at 20%
The International Monetary Fund (IMF) sees Pakistan’s economy slowing to around 3.5% due to weakening economic conditions and the average...
SBP directs banks to raise awareness about PM’s Relief Fund
All commercial banks and microfinance institutions are under orders from the State Bank of Pakistan to inform potential donors about...
LHC orders consumers to pay electricity bills without fuel adjustment charges
On Wednesday, the Lahore High Court (LHC) ordered that fuel adjustment fees should not be added to electricity bills. Details...
Advance purchases, petroleum levy blamed for higher fuel prices
The Senate Standing Committee on Petroleum was informed on Tuesday that advance purchases and imposition of the petroleum development levy...
Fertilizer industry strongly opposes DAP import through TCP
Fertilizer Manufacturers of Pakistan Advisory Council (FMPAC), a body of fertilizer manufacturers, has opposed the import of di-ammonium phosphate (DAP)...
Oil firms ask SBP to review merchant rate
The oil industry has asked the State Bank of Pakistan (SBP) to review the merchant discount rate on fuel purchases...