Oil and Gas Development Company Limited (PSX: OGDC) has received the first interest payment of Rs. 7.725 billion from Power Holding (Private) Limited (PHL), marking the beginning of the government-approved circular debt settlement plan.
According to a stock filing, the payment is the first of twelve equal monthly installments totaling...
In a historic leap for Pakistan’s digital economy, Myco, the fastest-growing video streaming platform in the country, has made global headlines by winning the grand finale of Meet the Drapers, a global startup reality show in Silicon Valley that featured over 2,000 startups around the World. Myco announced that...
Federal Minister for Commerce Jam Kamal Khan met with Bangladesh High Commissioner Iqbal Hussain Khan to explore deeper bilateral cooperation in trade, energy, logistics and industrial linkages.
The high commissioner shared insights from his recent visits to Pakistan's industrial hubs, where he received enthusiastic response from local business chambers.
The discussions...
While a large number of pilgrims en route to Iraq have been stranded due to a sudden ban on land travel to Iran, the government has approved the first ferry service licence.
Applications by ferry operators have been pending since 2017 -18. Taking a fast-track route, the Ministry of Maritime Affairs on...
In a major move to enhance employee financial well-being, ABHI, an embedded finance platform, has partnered with PayPeople to provide Earned Wage Access (EWA), enabling employees to access their earned wages instantly. This collaboration merges PayPeople’s reach with ABHI’s expertise in financial wellness, enabling organizations to provide their employees...
The Pakistan Stock Exchange (PSX) reached an unprecedented milestone on Monday, with the benchmark KSE-100 index breaching the 142,000 mark for the first time.
The rally was driven by optimism surrounding strong corporate earnings announcements expected this week, alongside a landmark tariff deal with the United States and growing expectations...
The Sindh government has decided to launch a province-wide crackdown against fake fertilisers and agricultural medicines.
Sindh Agriculture Minister Sardar Muhammad Bakhsh Mahar and Secretary Muhammad Zaman Narejo held a meeting with the farmer leaders and discussed various matters such as the effective implementation of the Sindh Seed Act, certified...
Vietnam Ambassador Pham Anh Tuan has said that Vietnam and Pakistan have agreed to consider striking a preferential trade agreement (PTA) as a strategic step for a stable legal basis to expand market access and reduce tariffs.
After finalisation of the PTA, both sides would facilitate bilateral trade and investment...
The price of petrol has been reduced by Rs7.54, while diesel has become costlier by Rs1.48 per litre for the next two weeks till August 15.
According to an announcement by the Ministry of Finance on Thursday, the prices have been revised after reviewing the prevailing international market trends and...
A day after signing an agreement with the United States to develop “massive oil deposits” in Pakistani territory, Pakistani officials said the two nations had concluded a trade deal on Thursday, establishing a uniform tariff rate for bilateral trade.
“The agreement will result in a reduction of reciprocal tariffs, especially on Pakistani...
