According to sources, the decision to issue green bonds is part of the government’s efforts to secure the first tranche of Resilience and Sustainability funds. Sources within the Finance Ministry revealed that the decision was made in consultation with the International Monetary Fund (IMF), and the funds raised will be used for climate change projects. […]
The study, released on Thursday by the Ann Arbor, Michigan-based organization, found Detroit automakers Ford Motor (F.N), General Motors (GM.N), and Stellantis (STLAM.MI), maker of Jeeps and Ram trucks, specifically will see increased costs of $42 billion. The study found the Detroit Three could see tariffs of nearly $5,000 for the parts they import on […]
Prada is seeking to expand, having defied a slowdown in luxury demand, while Versace has been operating at a loss. The merger strengthens Italy’s hand in a luxury industry led by French conglomerates. “We aim to continue Versace’s legacy, celebrating and re-interpreting its bold and timeless aesthetic,” said Prada Chairman Patrizio Bertelli. “At the same […]
The rate of the yellow metal on Wednesday was 4,196 Saudi Riyal (SAR) per tola. According to details from Forex.pk, 10 grams of 24-karat gold in Saudi Arabia is being sold at SAR 3,620. Additionally, the price for an ounce of gold is 11,258 Saudi Riyal. Gold rates are subject to global market fluctuations, including […]
The selling rate of the Saudi Riyal was recorded at Rs74.9. The official currency of Saudi Arabia is abbreviated as SAR or SR. One Riyal is subdivided into 100 halalas. The partnership between Pakistan and Saudi Arabia is marked by a long-established and mutually beneficial alliance, underscored by considerable financial assistance from the Kingdom of […]
As per details, the Punjab government has officially deregulated the price of chicken, which was being sold at Rs595 per kg until Eidul Fitr. According to an order dated April 04, 2025, Director General (Research) Provincial Controller General Prices, to all the deputy commissioners/ Controller general prices and supplies at District Level working in the […]
Pakistan’s energy sector is grappling with challenges, including high electricity tariffs and surplus generation capacity. The rapid expansion of solar energy has further complicated the landscape, as more consumers turn to alternative energy sources to mitigate high costs. Bilal Bin Saqib, chief executive officer of the council, told Reuters the location of the mining centre […]
The six fields and two reservoirs were found to have Arabian oil of different grades totalling 8,126 barrels per day, according to Reuters calculations based on the announcement. The natural gas discoveries from two fields and four reservoirs totalled 80.5 million standard cubic feet per day (scfd), the calculations show. Associated gas from the oil […]
For someone who’s followed Pakistan’s economic story for a while, this summit feels genuinely pivotal, like we could be on the verge of something big. It’s easy to get lost in the sheer numbers, isn’t it? Six hundred thousand square kilometers. Minerals across the board. It’s almost too big to grasp. But economists have been […]
This he said while addressing a two-day Pakistan Minerals Investment Forum at the Jinnah Convention Center in Islamabad today. Barrick Gold’s CEO said the Reko Diq copper-gold project will economically benefit Pakistan and will also create thousands of jobs. Mark Bristow said the feasibility study of Reko Diq has been completed and this mine is […]
