The price of Silver Up again

Federal Minister for Maritime Affairs, Muhammad Junaid Anwar Chaudhry announced the launch of standardized bunkering operations at Karachi Port for the first time in Pakistan’s history. “The move brings the Pakistan’s largest port in line with global maritime safety and operational standards, a step long viewed as essential for improving country’s standing in the regional…

Prime Minister Imran Khan on Monday announced to reduce the price of petroleum products by Rs 10 per liter and Rs 5 per unit in electricity prices. In his address to the nation, the premier announced the good news. “In the Nawaz and Zardari era more than 400+ drones attacks were carried out, never they…

Government suspends gas supply to captive power plants (CPPs) due to rising circular debt in the gas sector  Islamabad: The circular debt in the gas sector has swelled to Rs 1.3 trillion, pushing the stating companies towards financial collapse. Officials informed the Senate Standing Committee on Petroleum here on Thursday.   Petroleum secretary added government…

Pakistan’s central bank kept its policy rate unchanged at 11% on Monday, in line with market expectations, citing a stronger growth outlook and easing concerns over flood-related economic disruptions. According to the Monetary Policy Committee’s (MPC) statement, the State Bank of Pakistan (SBP) now expects GDP growth for FY2025–26 to remain in the upper half…

United Bank Limited (UBL) reported a 36% year-on-year surge in third-quarter profit, driven by robust net interest income and improved cost efficiencies despite weaker non-interest earnings United Bank Limited (UBL) announced 3QCY25 results today wherein the bank posted unconsolidated net earnings of Rs34.7bn (EPS Rs13.9) compared to profit of Rs10.2 per share during 3QCY24 (up…