The arrival of the second US crude oil cargo at Cnergyico’s Single Point Mooring (SPM) marks another milestone in Pakistan’s energy and industrial journey. Commissioned in 2012 with an investment of USD 120 million, the SPM was an ambitious project that faced skepticism from many industry observers, particularly within the public sector. Yet, through determination…
Silver prices in Pakistan went up 81 per tola in line with fluctuation in global market. The price of 24-karat silver surged Rs 81 per tola to Rs 5,434 and Rs 69 per 10 grams to Rs 4,658. International silver gained 0.81 cents to trade at $51.72 per ounce. Read More: Silver Prices Increased by…
Gold prices in Pakistan fell on Wednesday as 24-karat gold slipped by Rs 1,000 per tola to Rs 434,762, according to the All Pakistan Sarafa Gems and Jewellers Association. The 10-gram 24-karat gold rate declined by Rs 857 to Rs 372,738, while 22-karat gold was traded at Rs 341,688 per 10 grams. The fall followed…
The Competition Commission of Pakistan (CCP) has authorized the transaction of Standpharm Pakistan (Private) Limited by Crest Garments International (Private) Limited. The transaction forms part of an internal corporate restructuring, as both entities are under the common ownership and management of the same group of individual shareholders. Read More: CCP Chairman Announces PTCL Telenor Merger…
The Pakistani rupee rose by roughly 0.05% in early Wednesday trading in the inter-bank market. It reached Rs 280.63 to the US dollar — registering a gain of just Re0.15 from Tuesday’s closing of Rs 280.78. The euro has remained steady at $1.1586 whereas sterling. The US dollar also dropped in the aftermath of the…
Car sales in Pakistan climbed 32 percent year-on-year in October 2025 to 17,333 units, driven by lower rates, stable inflation, and improving consumer sentiment. Pakistan’s passenger car market continued its recovery in October 2025, as sales rose 32 percent year-on-year to 17,333 units, according to data released by the Pakistan Automotive Manufacturers Association (PAMA) on…
The KSE-100 Index concluded the trading session on a downbeat note, closing at 157,870 points, marking a sharp decline of 3,667 points. Throughout the day, the benchmark index exhibited pronounced volatility, swinging between an intraday high of 161,516 and a low of 157,765. Read More: KSE-100 Rebounds 0.31% as Remittances Boost Sentiment Investor sentiment turned…
Consumers are set to pay Rs1.7 trillion in idle capacity payments as NEPRA and industries question the government’s complex new Incremental Power Package. Despite a revised agreement with Independent Power Producers (IPPs), Pakistani consumers are expected to bear Rs 1.7 trillion in capacity payments in 2026 to plants that have not produced a single unit…
Pakistan Petroleum Limited (PPL) is pleased to announce enhancement in gas processing capacity at the Gas Processing Facility (GPF-II), located in Gambat South Block, District Sanghar, Sindh. The Company is the operator of the Gambat South Block with 65 percent working interest, along with joint venture partners Government Holdings (Private) Limited and Asia Resources Oil…
The silver prices in Pakistan increased by Rs 144 to Rs 5353 per tola in line with fluctuation in global market. The silver rate for a tola of 24K jumped to Rs 5,353, registering an increase of Rs 144 per tola. The 10 gram 24K silver was traded at Rs 4,589 with an increase of…