The Bank of Punjab (BOP) marked the financial close of a Rs 17 billion Syndicated Islamic Project Finance Facility for Novacare Hospitals (Private) Limited at a signing ceremony bringing together the project’s sponsors, management and participating financial institutions. The facility will support the development of a 250-bed tertiary care hospital and a feeder clinic in Islamabad. Novacare Hos
The German Ambassador to Pakistan Ina Lepel has called for stronger economic engagement between Pakistan and Germany, highlighting opportunities to diversify trade, expand investment, and deepen business-to-business cooperation. Speaking at the Pakistan Textile Exporters Association (PTEA) on Monday, she said businesses in both countries were increasingly seeking to diversify their global partn
In the latest daily review, petrol price dropped by Rs5.16 to Rs381.14 per litre, down from Rs386.30. Meanwhile, High-Speed Diesel (HSD) saw a decrease of Rs7.69 per litre, falling from Rs396.96 to Rs389.27. The new rates take effect on October 20. The price cuts reflect downward trends in global oil markets over the last seven days. Average refined petrol prices eased to USD 121.44 per barrel
Federal Minister for Energy (Petroleum Division) Ali Pervaiz Malik said Pakistan’s total gas sector circular debt, along with outstanding payables to indigenous gas and liquefied natural gas (LNG) suppliers, stood at Rs5.454 trillion as of June 30, 2026. In written replies to questions during Monday’s Question Hour in the National Assembly, the minister said the total circular debt stood at Rs3
Gold slipped in early Asian trade on Tuesday as investors awaited the US Federal Reserve policy decision next week for signals on interest rates and the broader outlook for monetary policy. Spot gold fell 0.3% to $4,126.84 per ounce by 0102 GMT, while US gold futures for December delivery dropped 0.3% to $4,146.00. Investor focus has shifted to the Fed’s October 27-28 policy meeting and n