Services’ exports in December 2023 contracted year-on-year for the second consecutive month during the current fiscal year, according to data compiled by the Pakistan Bureau of Statistics. The services exports shrank 6.93 per cent to $726.94 million in December from $781.09m in the corresponding month last year. Contrary to this, merchandise exports reversed the trend and increased in Januar
Conceding to the key demands of the private sector oil refineries, the Cabinet Committee on Energy (CCoE) on Tuesday approved amendments to the Brownfield Refineries’ Policy to ensure the upgrade of the existing refineries within six years capable of producing Euro-V petrol and diesel, with minimal production of low-quality fuel like furnace oil. The meeting presided over by Minister for Petrol
In order to meet the IMF’s mid-February deadline, the Oil and Gas Regulatory Authority (Ogra) made significant concessions to the gas utilities — SNGPL and SSGC — to extract another Rs100 billion from consumers over the next four months through an increase of 9 to 35 per cent in tariffs. The decision comes as part of the government’s commitment to the International Monetary Fund, promising to
ISLAMABAD: A day after the Election Commission of Pakistan (ECP) barred the caretakers from taking any step vis-à-vis Pakistan International Airlines (PIA), including its privatisation, the federal cabinet on Tuesday approved a plan for restructuring of the national flag carrier. The decision was taken at a meeting presided over by caretaker Prime Minister Anwaarul Haq Kakar. The ECP had ask
Coordinator Pak-Afghan Joint Chamber of Commerce and Industry (PAJCCI), Ziaul Haq Sarhadi, has suggested issuing special passes to truck drivers transporting cargo goods between Pakistan and Afghanistan. In a press statement released on Friday, Sarhadi said the suggestion is based on streamlining and smoothing of Pak-Afghan trade which recently halted for ten days over conditions of visas by tr