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SSGC seeks 45% hike in gas price
ISLAMABAD:
A public gas utility has sought an increase of around 45% in gas prices to meet the revenue shortfall for fiscal year 2022-23.
The Oil and Gas Regulatory Authority (Ogra) held a public hearing on Thursday to consider Sui…
Experts attribExperts attribute rising car prices to input…
LAHORE:
Experts in the automobile sector have agreed that car manufacturers of Pakistan are facing inflationary pressure due to a surge in input costs, exponential increase in freight charges, rupee devaluation and hike in petroleum and…
Govt seeks undertaking before nod to Eni sale
ISLAMABAD:
The Petroleum Division has asked Eni Pakistan to provide an undertaking of Hub Power Holdings Limited (HPHL) in favour of Prime International Oil and Gas Company Limited (PIOGCL) for the sale of Eni Pakistan to PIOGCL.
The…
Firms struggle amid Sri Lanka’s economic crisis
It is a daily struggle for Ranjith Koralage, the boss of a Sri Lankan clothing manufacturer, to find enough diesel to run his company's machines and steam rollers.
The chief of Kolonna Manufacturing, which is based in Sri Lanka's central…
State Bank’s digital banking scheme gets robust response
KARACHI:
State Bank of Pakistan’s (SBP) digital banking licences scheme has received a robust response from the financial institutions as the central bank received 20 applications from a diverse range of applicants.
These included…
Pakistan’s economy to grow 4%
ISLAMABAD:
The Asian Development Bank (ADB) has said that Pakistan’s economy will slow down to 4% in the current fiscal year - the fifth lowest rate in South Asia - and inflation will remain in double digits amid worries that increasing…
Govt transfers Rs20b to PSO
ISLAMABAD:
The government has transferred Rs20 billion to the account of Pakistan State Oil (PSO) for the clearance of price differential claims (PDC) as it has frozen oil prices till the next budget.
Despite higher crude oil prices…
No relief for sinking rupee
KARACHI:
There was no respite for the rupee as it lost further ground on Wednesday and fell below the 186 mark in the inter-bank market to close at 186.13 against the US dollar.
According to the State Bank of Pakistan (SBP), the…
PSX to add more companies to GEM board
The Pakistan Stock Exchange (PSX) is in the process to list an additional three to four growth companies on its separately developed Growth Enterprise Market (GEM) board by the end of December 2022.
To achieve this, the bourse has eased…
Rupee fails to sustain Rs185 mark
KARACHI:
The Pakistani currency dropped 0.62% (or Rs1.14) to a new historic low beyond the important threshold of Rs185 against the US dollar in the inter-bank market on Tuesday owing to sharp increase in trade deficit and the rumour that…