Petrol price to remain unchanged in first half of May: Marriyum Aurangzeb

Information Minister Marriyum Aurangzeb said Thursday the price of petroleum products would remain unchanged for the first half of the next month. In a statement, the information minister shared that Prime Minister Shehbaz Sharif has decided against the Oil and Gas Regulatory Authority’s (OGRA) decision to hike the prices of petroleum products, again. Aurangzeb said مزید پڑھیں

Asian Development Bank commits $3.23 bn for Pakistan in 2021 to promote green recovery

The Asian Development Bank (ADB) committed $3.32 billion in 2021 to help Pakistan tackle the immediate effects of the coronavirus disease (COVID-19) pandemic and promote a green recovery. Financial and operational results published on Monday in ADB’s Annual Report 2021 depict how ADB supported its developing member countries (DMCs) through a combination of finance, knowledge, مزید پڑھیں

Asian markets mixed but China, Fed keep confidence in check

Asian markets were mixed Tuesday as investors scrabbled to recover from the previous day’s rout but fears over the impact of China’s Covid-induced lockdowns and the Federal Reserve’s plan to hike interest rates quickly continue to drag on sentiment. The Omicron flare-up across China has led authorities to impose strict containment measures in its biggest مزید پڑھیں

Pakistan makes headway as IMF agrees to give another $2b

Pakistan underwent a major breakthrough in talks with the International Monetary Fund (IMF) as a finance ministry official said the Fund would jack up its $6bn programme to $8bn for Pakistan. The development comes shortly after IMF’s announcement about sending a mission to Pakistan in May after the global lender held “several meetings” with Finance مزید پڑھیں

No respite amid sizzling heat as unannounced load-shedding grips Pakistan

Amid sizzling hot weather, Power outages have severely hit Pakistan during the holy month of Ramadan as Pakistanis have been suffering up to 14 hours of power load-shedding. All urban centers, such as Karachi, Hyderabad, Rawalpindi, Lahore, Faisalabad, and Sialkot have been severely hit with up to 8 hours of load-shedding and rural areas with مزید پڑھیں