Pakistani authorities were able to materialise about $5.97 billion in foreign loans in the first half of 2023-24, almost one-third of the annual budget estimate amid limited borrowing avenues in the wake of poor credit rating and adverse conditions in the global financial markets despite the support of the International Monetary Fund. In its monthly report on Foreign Economic Assistance (FEA),
With system losses touching a massive 14.5 per cent, the Oil and Gas Regulatory Authority (Ogra) on Thursday notified up to 8pc reduction in the sale price of regasified liquefied natural gas (RLNG) for two Sui gas companies — SSGCL and SNGPL — for the current month with effect from Jan 1 owing to lower international prices. The RLNG sale price for Karachi-based Sui Southern Gas Company Ltd has
Bears dominated on the trade floor as shares at the Pakistan Stock Exchange (PSX) traded in the red and lost more than 500 points on Tuesday. According to the PSX website, the KSE-100 index lost 719.12, or 1.12 per cent, at 11:04am to stand at 63,550.25. The index closed at 63,737.46, down by 531.91points, from the previous close of 64,269.37. Yousuf M. Farooq, director of research at Cha
In the agricultural landscape of Pakistan, the fertiliser sector is experiencing a notable shift as Diammonium Phosphates (DAP) takes the lead with a significant surge of 31% in offtake during the Calendar Year 2023. In contrast, urea, a staple fertiliser for farmers, has seen marginal growth, remaining virtually stagnant over the same period. According to Optimus Capital Management, urea offta
To alleviate concerns of businessmen, National Accountability Bureau (NAB) Chairman Lt Gen (Retd) Nazir Ahmed has assured that he will review and reassess the pending cases in NAB about the business community and all those cases which are not genuine, valid and unnecessary will be dropped quickly within the next two months. He agreed in a meeting that the business community should be facilitate