Oil and Gas Development Company Ltd (OGDC) told investors on Tuesday it has discovered gas in an exploratory well in Rahim Yar Khan district of Punjab. The company said the discovery is in the Mari East Block where it operates with a 100 per cent mandate. OGDC spudded the well named Chak 214-1 on June 29 utilising the company’s in-house expertise. Drill Stem Test-1 (DST) conducted in the Dungha
The exports of non-textile products witnessed a paltry negative growth of 0.54 per cent in the first two months of the current fiscal year from a year ago, according to data compiled by the Pakistan Bureau of Statistics. The start of 2023-24 saw a continued downward trend in the export of value-added products, contributing significantly to the decline in non-textile products. The export proc
While the South Asian region will be growing at 5.4 per cent and maintaining single-digit inflation (at 6.6pc), the Asian Development Bank (ADB) forecasts Pakistan limping at 1.9pc growth rate and its population will continue reeling under elevated cost of living, reflected by a 25pc rate, during the current fiscal year. In its flagship Asian Development Outlook (ADO) released on Wednesday, the
While the South Asian region will be growing at 5.4 per cent and maintaining single-digit inflation (at 6.6pc), the Asian Development Bank (ADB) forecasts Pakistan limping at 1.9pc growth rate and its population will continue reeling under elevated cost of living, reflected by a 25pc rate, during the current fiscal year. In its flagship Asian Development Outlook (ADO) released on Wednesday, the
IT professionals working for overseas clients unleashed a barrage of remittance-related complaints on Wednesday at a seminar attended by representatives of the State Bank of Pakistan (SBP) and commercial banks. Organised by the Pakistan Software Export Board (PSEB) and the Ministry of Information Technology and Telecommunication in collaboration with the SBP and the Pakistan Software Houses Ass