Pakistan Stock Exchange (PSX) on Wednesday extended its bull-run for the third successive day as the International Monetary Fund (IMF) and Islamabad reached a staff-level agreement following the final review under a $3 billion standby arrangement. Earlier, trading kicked off with optimism that the staff-level agreement would pave the way for the release of last loan tranche of $1.1 billion in M
Pakistani currency on Wednesday hit a new five-month high at Rs278.41 against the US dollar in the inter-bank market, maintaining its winning streak for the sixth successive working day in the backdrop of a staff-level agreement with the International Monetary Fund (IMF) that would clear the way for the release of last tranche of $1.1 billion. According to State Bank of Pakistan’s (SBP) data, t
The Oil and Gas Regulatory Authority on Wednesday increased the tariff on imported liquefied natural gas up to 2.6% per million British thermal units for the two public gas utilities, namely Sui Northern Gas Pipelines Limited and Sui Southern Gas Company with retrospective effect from March 1, 2024. In a statement, the regulator said that the increase in monthly re-gasified LNG rates was due to
In a press statement released on Wednesday, Moazzam Ghurki, President of the Pakistan China Joint Chamber of Commerce and Industry (PCJCCI), highlighted the significant opportunities that the China-Pakistan Economic Corridor (CPEC) will bring to Balochistan. Ghurki emphasised that regional countries, especially Tajikistan and Uzbekistan, will utilise the corridor for exports and trade through the
Lahore Tax Bar Association (LTBA) newly elected President Shahbaz Siddique has pledged to implement a series of initiatives aimed at promoting strong and mutually beneficial cooperation between Pakistan and China in the field of taxation. Recognising the importance of collaboration between the two countries, he aims to leverage this partnership to drive economic growth and development. With