Afghanistan said on Wednesday work would begin on a $10 billion gas pipeline traversing South Asia as officials joined dignitaries in neighbouring Turkmenistan to celebrate its completion on that side of the border. Progress on the TAPI pipeline — running through Turkmenistan, Afghanistan, Pakistan, and India — has been repeatedly delayed because of security issues in conflict-ravaged Afghanist
The 10-gram and one-tola gold prices on Wednesday hit another record peak of Rs226,337 and Rs264,000, showing a jump of Rs1,972 and Rs2,300 compared to Tuesday’s rates. World gold prices also soared to $2,524 per ounce, up by $23 per ounce. The last all-time high was recorded on Aug 24, when the local rates swelled to Rs226,080 and Rs263,700 based on the global price of $2,512 per ounce.
Pakistan-Japan Business Forum (PJBF) has said that the country’s current economic challenges require an immediate and concentrated effort to increase the export of products and services. Addressing a seminar on Wednesday, PJBF Chairman Murtaza Y. Mandviwalla said this session was an attempt to analyse and identify potential non-traditional export possibilities and discuss the competitiveness of
Foreign investment in domestic bonds saw a significant outflow during the first 23 days of August, reflecting a sharp decline in investor confidence. According to State Bank data released on Wednesday, foreign investors pulled out $103.5 million from treasury bills during this period. Financial market experts attribute the outflows to the country’s heated political environment and the repeat
The Economic Coordination Committee of the federal cabinet on Wednesday amended the gas supply priority list by placing gas for industrial processes in the first priority, alongside the domestic and commercial sectors. The meeting, chaired by Federal Finance and Revenue Minister Muhammad Aurangzeb, also decided that gas use for industries using captive power was relegated to a lower priority a