Liquefied natural gas (LNG) imports have once again started hurting the local oil and gas industry as exploration companies have suffered a loss of $192 million in the last four months due to the addition of LNG to the transmission system. Following LNG import, gas utilities have curtailed supplies from local fields, which are operated by exploration companies. According to sources, the total c
Despite robust market liquidity, the government raised Rs1,645 billion against maturity of Rs1,565 billion through the auction of treasury bills (T-bills) and Pakistan Investment Bonds (PIBs), while accepting a lower amount than its target for both instruments, reflecting a strategic approach to debt management. The government raised Rs1,645 billion through the auction of T-bills and PIBs held
After two straight recovery sessions following a ruthless bloodbath in the last week, the bears on Tuesday again drove the bulls out of the stock market, causing investors a staggering loss of Rs690 billion in a single day. The market opened in the green and surged 1,112 points to hit an intraday high of 115,036.50. However, bears entered the market and wiped out 1,630 points to 112,294.42.
IT has been a heady year that we are saying farewell to. A hard-fought stability was brought to the economy in 2024, but at a steep cost. Politics had to be ended, rights rolled back, and decision-making centralised in the hands of the establishment before any of the stability could be procured. It was done, and here we are. The most ferocious inflationary fire we have ever seen in our history
Honda and Nissan expect big benefits from their potential merger to create the world’s third-largest auto group but intense competition from China raises questions about whether they can make it work in time. The Japanese automakers said on Monday they had agreed to begin formal talks on a merger. While the outcome is not certain and will depend partly on troubled Nissan making progress in its tur