The price of petroleum products is expected to go up in the country once more, sources said, with the Oil and Gas Regulatory Authority (OGRA) seeking an increase in the rates. The regulatory authority has sent a summary to the Petroleum Division, recommending an increase of Rs0.50 per litre in petrol price, Rs2.50 per litre مزید پڑھیں

After a stellar performance in 2021, cryptocurrencies have become one of the most sought-after investment vehicles, but their volatile and speculative nature has burned many investors. Popular digital coins, the likes of Bitcoin and Ethereum bounce back every time they crash, which creates a FOMO (fear of missing out) among investors who do not want مزید پڑھیں

State Bank of Pakistan Governor Reza Baqir on Friday said that Pakistan is looking at a current account deficit this year that is 2-3% of the Gross Domestic Product. Addressing a press conference in Islamabad, Baqir said that the State Bank, in its last monetary policy statement, said that it is looking at a current مزید پڑھیں

Minister for Finance Shaukat Tarin on Thursday said that Pakistan is due to receive $2.77 billion from the International Monetary Fund on August 23. Addressing a press conference to announce the development, Tarin said that the funds will directly be sent to the State Bank of Pakistan, which will help further improve the country’s foreign مزید پڑھیں

Pfizer’s shares reached a 20-year high on Tuesday as shares of coronavirus vaccine makers have surged amid rising coronavirus cases in the United States. Pfizer shares were last up 4.9% at $48.25, climbing as high as $48.57 during the session. The stock’s previous intraday high was $47.44, reached on April 12, 1999. The percentage gain مزید پڑھیں

Finance Minister Shaukat Tarin has constituted a sub-committee to expedite the import of 600,000 tonnes of sugar and directed the ministry of food security to complete the procurement of wheat at the earliest. Presiding over a meeting of the National Price Monitoring Committee, the minister directed the authorities concerned to complete the procurement of wheat مزید پڑھیں

Dumat Al Jandal, the Middle East’s largest wind farm and the first in the Kingdom of Saudi Arabia, is now connected to the grid and has produced its first carbon-free megawatt-hours (MWh) of energy. The 400-megawatt (MW) utility-scale wind power project is being developed by a consortium led by EDF Renewables and Masdar, two of مزید پڑھیں

National Electric Power Regulatory Authority (NEPRA) on Friday has announced to reduce fuel adjustment charges for the month of August 2021. According to a notification issued by the power regulatory body, Central Power Purchasing Agency (CPPA) sought a reduction in fuel adjustment charges by 19 paisas per unit. The NEPRA said that it held a مزید پڑھیں

The Ministry of Plannning, Development and Special Initiatives mulled over a plan to build a large-scale LNG terminal with a network of pipelines at the Gwadar port along with a truckload facility. The meeting of the Pak-China Relations Steering Committee, chaired by federal minister Asad Umar, also discussed the possibility of investment by the private مزید پڑھیں

A citizen in Karachi on Friday moved consumer court against the Sui Southern Gas Company (SSGC) overcharging Passing Un-registered Gas (PUG) in the bills, reported. Applicant filed the plea in the consumer projection court east, which was accepted by Judge Javed Ali Korejo. The citizen in his plea stated that the SSGC is overcharging under مزید پڑھیں