The prices of petrol and high-speed diesel (HSD) are expected to decline by Rs8 to Rs10 per litre each on Nov 15 for the next fortnight, mainly due to lower prices in the international market. Informed officials said that the international prices of both HSD and petrol had fallen over the past two weeks. However, the rupee depreciated against the dollar during the same period, reducing the bene
To attract more investors and public listings, the Pakistan Stock Exchange (PSX) has introduced monthly rankings of brokers as per different criteria. The PSX will also hold annual capital market awards soon, according to a statement by the bourse. These rankings will be issued every month based on new unique identification numbers (UINs) opened, traded value and trading volume. The initiati
WHAT China wants from Pakistan is the same as what China wants from every other country, which is to endlessly run a trade surplus in their favour. There might be a few specific things beyond this, such as Gwadar for instance, but those are marginal and nowhere near as central to Chinese designs in Pakistan and the rest of the world as we might imagine. Just add up the numbers. Since 2010, Paki
The Oil and Gas Regulatory Authority (Ogra) on Wednesday formally notified an increase in gas rates and fixed charges for all consumers throughout the country with effect from Nov 1. Under the notification, fixed monthly charges for the residential “protected category” of consumers have been increased from Rs10 to Rs400, showing an increase of 3,900pc. In addition, they would also pay minimum
A reverse trend in the rupee-dollar equation has again forced manufacturers to raise prices of steel bars after a drop last month on account of the rupee’s gains. Syed Wajid Bukhari, General Secretary of the Pakistan Association of Large Steel Producers (PALSP), claimed on Thursday that steel bar prices had plunged to Rs245,000 per tonne last month after hitting a peak of over Rs300,000 per to