The Oil & Gas Regulatory Authority (Ogra) has asked the federal government to increase gas rates by up to 26pc to generate about Rs847.33bn during the current fiscal year. In its two separate determinations forwarded to the federal government on Tuesday, the regulator said it worked out an increase of Rs142.45 per million British thermal units or MMBTU in the average price for Sui Northern Gas
Bitcoin’s soaring value has caught the attention of high-end fashion brands and retailers, prompting further interest in offering cryptocurrencies as a means of payment to tap into fresh pockets of wealth and build loyalty with crypto investors. Until recently, only a handful of luxury brands including LVMH watch labels Hublot and Tag Heuer as well as Kering-owned fashion brands Gucci and Balen
The Pakistan Stock Exchange (PSX) on Monday witnessed a remarkable surge, driven by bullish market sentiment and investor optimism. Stocks across various sectors rallied as investors anticipated a significant rate cut by the State Bank of Pakistan (SBP), fuelled by low inflation and a decrease in short-term government bond yields nearing 11.99%. The upward momentum was further supported by stro
Russia has pledged extensive support to Pakistan across key industrial sectors, including the local assembly of electric vehicles, such as buses, to enhance market competitiveness. As per the protocol signed between the two nations, cooperation in the supply and assembly of electric vehicles will be prioritised. The Russian company Sinara-Transport Machines JSC has shown keen interest in this c
The Oil and Gas Development Company Limited (OGDCL) has successfully revived a heavy oil well at its Rajian Oil Field in Chakwal district, boosting production by 1,000 barrels per day (bpd). According to a press release, the Rajian-3A well, suspended in 2020 due to formation challenges, was restored as part of OGDCL's optimisation efforts. Located within the Gujar Khan Exploration License, the