According to a representative for the Karachi Port Trust, a second shipment of crude oil from Russia is expected to arrive in Pakistan tomorrow. The ship, “Clyde Noble,” will transport 55,000 metric tonnes of crude oil. On June 11, the first Russian crude oil ship arrived in Pakistan with 45,000Read More →
According to Santo Ficili, the group’s head for Italy, Stellantis (STLAM.MI), a contract has been agreed with Italian dealers to assist the automaker in delivering automobiles during a period of protracted logistical disruption in Europe. According to the agreement, which was reached six months ago, dealers pick up automobiles directlyRead More →
The staff-level agreement between Pakistan and the International Monetary Fund (IMF) is anticipated to be signed on Tuesday. According to sources with direct knowledge of the situation, the negotiations with the international lender are now in their final phases, and all conditions are no longer in a state of deadlock.Read More →
ISLAMABAD: Finance Minister Ishaq Dar on Monday emphasised the need to strengthen bilateral ties with China with a focus on the economy, trade, and financial sectors in the midst of the country’s current financial crisis. He said this while speaking with Pang Chunxue, the Chinese embassy’s charge d’affaires, who hadRead More →
KANO (Reuters) – Muhammad Khamis Umar stands in front of stacks of plastic items at a tiny business in Kano, Nigeria’s northernmost city. Since the removal of a gasoline subsidy by the country’s new president, Bola Tinubu, the price of petrol has increased significantly. The majority of Umar’s clients travelledRead More →
LAHORE (Web Desk)- Hamid Zaman, the chairman of the All Pakistan Textile Mills Association (APTMA) North Zone, has expressed concern about widespread closures and layoffs of textile workers due to the Regionally Competitive Energy Tariff (RCET), which sets petrol prices for the export sector at $9/MMbtu and electricity at 9Read More →
Reuters: ISLAMABAD Pakistan’s petroleum minister said on Monday that the South Asian nation’s first government-to-government purchase of discounted Russian oil was paid for in Chinese currency, marking a major change in its export payment policy, which had previously been dominated by the U.S. dollar. Discounted crude provides relief as PakistanRead More →
SINGAPORE Reuters: Despite Saudi Arabia’s intentions to reduce production next month, China’s Unipec, the trading arm of leading Asian refiner Sinopec (600028.SS), has emerged as a key seller of August-loading Oman crude this month. This has helped to keep benchmark prices in check. Platts window, also known as the S&PRead More →
Finance Minister Ishaq Dar has said that the government is considering eliminating a 2% final tax on the acquisition of real estate for Pakistanis living abroad in an effort to promote remittances via official channels. In his budget address to the National Assembly on Friday, the financial czar said thatRead More →
ISLAMABAD (APP) – Approximately 12 multinational businesses have shown a strong interest to the parliament in the outsourcing-bidding process for airport facilities, which is anticipated to begin in July, according to Minister for Finance and Revenue Senator Mohammad Ishaq Dar on Saturday. Speaking at the post-budget news conference, he saidRead More →
2025© All rights are reserved | Pasar News