OGRA refutes media reports about limited diesel stocks
“The news circulating regarding fuel shortage is baseless and contrary to facts,” it said in a press release. OGRA refutes…
Economy
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World Bank to provide more than $3bn for energy infrastructure development in Pakistan
The development followed a meeting between the World Bank delegation and Minister for Energy Khurram Dastgir. World Bank to provide…
Merchandise trade deficit shrinks by 26.6%
Imports in July-Oct FY23 shrink by 16.2% to $21.02 billion. Merchandise trade deficit shrinks by 26.6%. The government’s policy of…
Pakistan earns $179m by exporting transport services in 2 months
The exports of air transport rose by 49.44 percent by going up from $75.890 million last year to $113.410 million….
Pakistan approves plan to import 300,000-tonne wheat from Russia
Pakistan to buy wheat at cost of $372 per tonne. ECC approves jacking up revised margins of OMCs. Pakistan approves…
ADB credits $1.5 billion to SBP’s account, Dar says
ADB says recovery from COVID-19 impeded by external shocks. ADB credits $1.5 billion to SBP’s account, Dar says. Finance Minister…
Pakistan convinces Saudi Arabia to set up $12bn refinery, petrochemical complex
Saudi Arabia to establish state-of-the-art refinery in Hub. Pakistan convinces Saudi Arabia to set up $12bn refinery, petrochemical complex. The…
On Pakistan’s exit from grey list, business community sees promising economic future
Business community says development would attract foreign direct investment, promote export, and improveg credit ratings On Pakistan’s exit from grey…
US encourages Pakistan to continue anti-money laundering efforts
The US welcomes FATF decision to remove Pakistan from grey list. US encourages Pakistan to continue anti-money laundering efforts. The…
Current account deficit shrinks 37% to $2.2bn in first quarter of FY23
Decline in petroleum imports main reason behind decrease. Current account deficit shrinks 37% to $2.2bn in first quarter of FY23….