Pakistan has so far produced 8.2 million bales of cotton as both Punjab and Sindh provinces have had almost equal output during 2023-24. The Pakistan Cotton Ginners Association (PCGA) on Thursday reported that the country produced 8.258m bales by Jan 15, which is 3.3m bales or 67 per cent more than the total yield of the previous crop year when the country could produce only 4.9m bales mainly d
Pakistan and Dubai on Thursday inked two agreements worth over $3 billion on cooperation in railways, economic zones and infrastructure projects. According to an official press release, the inter-governmental framework agreements were signed to strengthen relations in the marine and logistics sectors, including the establishment of a dedicated freight corridor and economic zone near Karachi.
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