Recent improvements in Pakistan's external finances have prompted a sort of guarded optimism among policymakers, but the business community believes the country still needs deeper structural changes to move towards durable economic growth. Their concerns focus on policy continuity, high borrowing costs, slow investment and an export base that remains too narrow to support long-term stability.
Petroleum Minister Ali Pervaiz Malik said on Thursday that the Reko Diq Mining Company was very near to achieve financial close with $3.5 billion loans lined up, as the company's local executive vowed to complete the $7 billion first phase of the project in the next three years. The Reko Diq Mining Company is very close to achieving the financial close and raising $3.5 billion in debt, said Mal
The Competition Commission of Pakistan (CCP) has signed a Memorandum of Understanding (MoU) with the Drug Regulatory Authority of Pakistan (DRAP) for strengthening the regulatory and competitive landscape of Pakistan’s pharmaceutical and therapeutic goods sector. The MoU was signed between Salman Amin, Member of the Competition Commission, and Dr Ubaidullah, Chief Executive Officer of DRAP, rea
Jamshoro Joint Ventures Limited (JJVL), Pakistan’s largest private-sector LPG producer, has resumed operations after more than five and a half years, dispatching its first LPG (liquefied petroleum gas) shipment on Thursday. LSE Capital Limited disclosed the development in a notice to the Pakistan Stock Exchange (PSX) on Friday. “Please be informed that Jamshoro Joint Ventures Limited (JJVL)
Brent crude oil futures were little changed on Friday as investors eyed the progress of the Russia-Ukraine peace talks and the outcome of the OPEC+ meeting on Sunday for clues on potential changes in supply which has been weighing on prices. Front month Brent crude futures , which expire on Friday, was unchanged at $63.34 a barrel by 0134 GMT in thin trade after settling up 21 cents on Thursday