Two local gas producers, Dewan Petroleum and Al-Haj Enterprises, have reportedly struck dubious supply deals with third parties in a bid to secure gas marketing and distribution licenses from the Oil and Gas Regulatory Authority (Ogra). Inrevenors said that applications were submitted by third parties, partly based on future discoveries, which is contrary to OGRA’s…
As the government expedites work on executing the multi-billion-dollar Rekodiq Gold and Copper project, the government has decided to initiate a $390 million project to connect Gwadar through a Railway link. The government has declared the Reko-Diq Project as ‘qualified investment’ under the Act of Parliament and considers that railway track access is critical to…
Islamabad – Governor State Bank of Pakistan Jameel Ahmad inaugurated JazzCash’s Experience Lounge in Islamabad today. He was joined by Deputy Governor SBP Saleem Ullah, VEON Group CEO Kaan Terzioglu, JazzCash CEO Murtaza Ali, Jazz CEO and Chairman Mobilink Microfinance Bank Aamir Ibrahim, and Mobilink Microfinance Bank CEO Haaris Mahmood Chaudhary. Governor State Bank of…
Gold prices held steady in Pakistan and abroad on Thursday, underscoring investor caution amid uncertain global economic signals. The All Pakistan Sarafa Gems and Jewellers Association reported that 24-karat gold per tola remained at Rs388,600, while 10 grams stayed at Rs333,161. The international market also showed no movement, with gold prices unchanged at $3,668 per…
Jaffer Brothers (Pvt.) Limited (JBL), in collaboration with Sindh Engro Coal Mining Company (SECMC) and Komatsu Limited, celebrated a major milestone with the delivery and deployment of more than 100 Komatsu machines at the Thar Coalfield Block II project. The achievement marks a new benchmark in Pakistan’s mining sector, highlighting the scale of operations and…
The Islamabad High Court (IHC) suspended its earlier ruling that removed Major General (retd) Hafeez Ur Rehman as Pakistan Telecommunication Authority (PTA) Chairman. Justice Babar Sattar had previously declared the promotion of Hafeez illegal, stating it violated PTA Appointment Rules and the Telecom Act since the Member (Administration) post did not legally exist. Rehman filed…
The Pakistani rupee remained largely stable against the US dollar on September 18, 2025, as market players observed marginal fluctuations in buying and selling activity. In the open market, the dollar was traded at Rs282.90 for buying and Rs283.70 for selling, reflecting limited volatility in daily exchange movement. Meanwhile, in the interbank market, the dollar…
The Pakistan Stock Exchange (PSX) staged a strong comeback on Thursday, with the benchmark KSE-100 Index rising by nearly 1,200 points during intra-day trade. At 11:20am, the index stood at 157,339.47, up 1,161.66 points or 0.74%. Buying momentum was visible across major sectors, including automobiles, cement, banks, oil and gas exploration, refineries, and power generation….
Chairman of the Economic Policy and Business Development think tank and former caretaker federal minister, Gohar Ejaz, has unveiled a comprehensive roadmap for Pakistan’s economic revival, stressing that sustainable growth cannot be achieved through new borrowing or rescheduling of old debts. Talking about the plan, Ejaz said that loans only provide temporary relief and cannot…
Saudia, the national flag carrier of Saudi Arabia, has been recognized as the World Class Airline 2026 by the Airline Passenger Experience Association (APEX) for the fifth consecutive year. The award was presented during the APEX World Class™ global awards ceremony, underscoring the success of Saudia’s strategy which focuses on enhancing the travel experience, raising…