During a press conference in Multan, Leghari underscored the government’s commitment to eradicate electricity theft in the country. He assured that measures are being taken to curb this menace and provide convenience to electricity consumers. The minister revealed that discussions are underway with power distribution companies to ensure the disbursement of the Rs45 billion relief […]
Oman Air recently took delivery of its latest Boeing 787-9 Dreamliner, marking the first of three such aircraft scheduled for 2024, according to a press release issued by the airline. This new addition brings the total number of Dreamliners in Oman Air’s fleet to 10. The aircraft, which arrived from Boeing’s facility in Seattle, features […]
Brent crude futures climbed 37 cents, or 0.5%, to $79.39 a barrel by 2300 GMT while U.S. crude futures were at $75.19 a barrel, up 36 cents, or 0.5%. In one of the biggest clashes in more than 10 months of border warfare, Hezbollah fired hundreds of rockets and drones into Israel on Sunday, as […]
According to the ADB blog report on remittances in Pakistan, remittances saw a significant increase of 19.8%, reaching a record high of $31.1 billion, during the COVID-19 pandemic. The report stated that remittances play a vital role in reducing poverty and increasing foreign exchange reserves. The ADB recommended providing more incentives to overseas Pakistanis to […]
According to the details, the two A320 aircraft are being acquired by the airline with a seating capacity of 180 passengers. The fleet size of the private airline will be expanded to 7 after the arrival of the two aircraft. “The ceremony took place at Al Nafoorah – Jumeirah Al Qasr, Dubai and it was […]
“Ultimately the price rise we are announcing today is driven by our reliance on a volatile global gas market that is too easily influenced by unforeseen international events and the actions of aggressive states,” said Ofgem’s CEO Jonathan Brearley. “We know that this rise in the price cap is going to be extremely difficult for […]
This decision follows the recent closures of the Suzuki Karsaz plant and Millat Tractor, marking a troubling trend in the industry. In a letter addressed to the Pakistan Stock Exchange, Bolan Casting Limited cited a significant decline in the sales of trucks and buses, leading to severe financial difficulties. The lack of demand has forced […]
Saif Anjum briefed the Senate Standing Committee on the decision and presented proposals to the panel to shut down utility stores. The proposals, prepared by the rightsizing Committee, include shutting down utility stores and other entities to reduce expenses. According to sources, the federal government lacks funds to operate the stores, leading to the decision […]
According to a statement issued by the central bank, Pakistan’s reserves held by the SBP increased by 19 million to US$ 9.29 billion during the week ending on 16th August. Meanwhile, the country’s net foreign reserves held by commercial banks stood at $5.375 billion during the period. “During the week ended on 16-Aug-2024, SBP reserves […]
A total of 804,261,249 shares were traded during the day as compared to 552,564,507 shares the previous day, whereas the price of shares stood at Rs 16.975 billion against Rs 14.590 billion on the last trading day. As many as 473 companies transacted their shares in the stock market, 261 of them recorded gains and […]
