In a recent interview with a private channel, Aurangzeb said that the incumbent government will complete the privatization of the national carrier along with three power distribution companies (Discos) before 2024 culminates. The privatization of PIA, initially set to conclude by October 1, has been postponed to October 31 due to low bidder interest, ongoing […]
Exports during July-September (2024-25) were recorded at $7.875 billion against $6.901 billion during July-September (2023-24), according to PBS data. On the other hand, imports into the country also went up by 9.86 percent growing from $12.115 million last year to $13.310 million during the first three months of the current year. Based on the figures, […]
As per sources, the finance ministry has decided not to proceed with borrowing from a commercial bank at an 11% interest rate. Prime Minister Shehbaz Sharif reportedly directed the finance minister to avoid taking expensive loans. Although an agreement had been made with commercial banks for a loan at 11% interest, the government has now […]
Brent crude – a key benchmark for oil prices internationally – rose more than 1% to $74.40 a barrel. During trading on Tuesday, it jumped more than 5%. According to the US Energy Information Administration, Iran is the seventh-largest oil producer in the world and the third-largest member of the OPEC oil producers’ cartel. Traders […]
Flights to and from Tel Aviv will be suspended through Oct. 31, while flights to and from Beirut and Tehran will be suspended through Nov. 30 and Oct. 14, respectively, the group said in a statement. Lufthansa, SWISS, Austrian Airlines, Brussels Airlines, and Eurowings are all part of the Lufthansa Group. Israel said on Tuesday […]
Brent crude futures for December delivery edged up 7 cents, or 0.1%, to $71.77 a barrel as of 0335 GMT. U.S. West Texas Intermediate crude futures for November delivery gained 8 cents, or 0.12%, to $68.25. On Monday, Brent futures ended September down 9%, its third month of declines and largest monthly drop since November […]
The purchases are part of an effort to replenish stockpiles after President Joe Biden ordered the largest-ever sale from the reserve in 2022 of 180 million barrels to control fuel prices following Russia’s invasion of Ukraine. The US bought 3.5 million barrels from Exxon Mobil (XOM.N), opened a new tab, 2 million from Shell Trading […]
The electricity station, with a capacity of 360 MVA, will serve approximately 40,000 residents in Hidd and surrounding areas by transmitting power from the main grid to local substations. The water distribution station has a storage capacity of 2.34 million gallons and is equipped with advanced monitoring and control systems. Key officials attended the inauguration, […]
According to an official of the Railways Ministry, the concession will be granted upon producing a Computerized National Identity Card bearing disability logo. He said that a 50 percent discount has also been offered to the attendant accompanying visually impaired persons. On September 23, the Ministry of railway increased the ticket price up to 50 […]
Effective October 1, the new rates are as follows: Super 98 petrol: Dh2.66 per litre (down from Dh2.90 in September) Special 95 petrol: Dh2.54 per litre (down from Dh2.78) E-Plus 91 petrol: Dh2.47 per litre (down from Dh2.71) Diesel: Dh2.60 per litre (down from Dh2.78) The price drop was anticipated due to subdued global oil […]
