Pakistan’s four leading state-owned companies will collaborate with Saudi oil refinery company Amarco for the “Greenfield Refinery” project in the country’s southwest Gwadar area, an official statement said here on Thursday.The companies including Oil…
The foreign exchange reserves held by the central bank slumped by over half a billion dollars on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday.On July 21, the foreign currency reserves held by the SBP were …
In a historic collaboration, four leading Pakistani state-owned companies will join hands with Saudi Aramco for the $10 billion Greenfield Refinery project at the Gwadar Port, state-run APP reported Thursday.The Memorandum of Understanding (MoU) signi…
High-interest rates and their ripple effects have been and will continue to be one of the most important business stories since April 2022.This is a large topic with far-reaching repercussions that the State Bank of Pakistan (SBP) has used in its mone…
President Dr Arif Alvi has called for greater economic collaboration between Pakistan and Tunisia to boost bilateral trade.He was talking to Pakistan’s Ambassador-designate to Tunisia Javed Ahmed Umrani who called on him in Islamabad today.The Preside…
The price of gold in Pakistan fell for the second consecutive day on Wednesday to close at Rs. 222,100 per tola.According to the data released by All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of gold (24 carats) fell by Rs. 2,…
Pakistan’s export of arms and ammunition have made a great stride with a staggering 30 times higher growth than the previous year to stand at $415.650 million in the outgoing financial year 2022-23—the remarkable year.According to the data released by…
The Ministry of Finance Wednesday said that inflation in July 2023 is expected to ease out compared to June 2023.In its ‘Monthly Economic Update and Outlook’ for July, the ministry said that the recent decrease in administered prices of petrol and die…
