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ADB Cancels $0.6M Grant for Gas Storage Development in Pakistan

ADB Cancels $0.6M Grant for Gas Storage Development in Pakistan

The Asian Development Bank (ADB) has withdrawn a $0.6 million grant (approx. PKR 166.9 million) allocated for the development of…

1 year ago

Pakistan Witnesses Massive Surge in Gold Prices

On Saturday, gold prices in Pakistan witnessed a significant surge, increasing by Rs3,500 and impacting gold rates nationwide. The cost…

1 year ago

BankIslami Unveils Extraordinary Financial Triumph with Unprecedented Results

BankIslami, a leading financial institution, has announced its remarkable financial results for the year ended December 31, 2023. The bank…

1 year ago

Pakistan’s Trade Balance Improves: Exports Surge, Deficit Narrows

Pakistan's trade balance witnessed improvement in February 2023-24, marking an 18.2% reduction compared to the same period in the previous…

1 year ago

Pakistan’s Power Distributors Seek Up to 15-Fold Surge in Security Fees

Pakistan's electricity distribution companies have submitted a proposal to raise security fees for consumers in the Nepra region, aiming to…

1 year ago

JS Bank Records Consolidated Profit of PKR 18.3 Billion in 2023

JS Bank announces its financial performance for the year 2023. Owing to its customer-first approach, JS Bank achieved remarkable growth…

1 year ago

India’s Basmati Exports to Drop as Pakistan Offers Competitive Prices

Industry officials predict a potential decline in India's basmati rice exports for 2024, following a trajectory that nearly reached a…

1 year ago

OGDCL Inaugurates Pakistan’s First Digital Drilling Hub to Digitalize Oil and Gas Sector

The Oil and Gas Development Company Limited (OGDCL), Pakistan's leading oil and gas company, on Wednesday inaugurated the country's premier…

1 year ago

Experts Urge Attention to System Constraints in Pakistan’s Renewable Energy Agenda

In a webinar titled "Emerging Trends in Pakistan's Renewable Energy Sector: Charting the Agenda for 2030 and Beyond," organized by…

1 year ago

Moody’s Report Flags Financial Risks for Pakistan

Moody's, the international rating agency, has released a report on Pakistan's economy, expressing concerns over its financial stability despite maintaining…

1 year ago