The current account recorded a fourth consecutive surplus of $729 million in November, marking the second-highest surplus since July 2013, while the surplus for the first five months of the current fiscal year approached one billion dollars. The latest data released by the State Bank on Tuesday revealed a current account surplus of $944 million for July-Nov FY25, compared to a deficit of $1.676
The government is exploring the feasibility and strategy for routing 60 per cent of public sector imports, including wheat, fertiliser and sugar, through Gwadar Port. The proposal was discussed threadbare in a federal cabinet committee meeting chaired by Commerce Minister Jam Kamal on Tuesday. Maritime Affairs Minister Qaiser Ahmed Sheikh and senior officials from the ministries of commerce, ma
Japanese auto giants Honda Motor and Nissan Motor will enter negotiations for a merger and join their resources to better compete against bigger global electric vehicle makers, the Nikkei newspaper reported on Tuesday. The two companies are looking to operate under a single holding company and are expected to soon sign a memorandum of understanding for the new merged entity, the report added.
The Oil & Gas Regulatory Authority (Ogra) has asked the federal government to increase gas rates by up to 26pc to generate about Rs847.33bn during the current fiscal year. In its two separate determinations forwarded to the federal government on Tuesday, the regulator said it worked out an increase of Rs142.45 per million British thermal units or MMBTU in the average price for Sui Northern Gas
Bitcoin’s soaring value has caught the attention of high-end fashion brands and retailers, prompting further interest in offering cryptocurrencies as a means of payment to tap into fresh pockets of wealth and build loyalty with crypto investors. Until recently, only a handful of luxury brands including LVMH watch labels Hublot and Tag Heuer as well as Kering-owned fashion brands Gucci and Balen