Petrol and high-speed diesel (HSD) prices in Pakistan are expected to rise from July 1 after four consecutive price cuts. Petrol is projected to increase by Rs7 per litre and HSD by Rs8 per litre due to higher international market rates. According to media report that international prices for petrol and HSD have risen by $4.4 and $5.5 per barrel, respectively, in the last fortnight. This cou
The issues related to smartphone financing have landed in the Special Investment Facilitation Council (SIFC), which has directed the Ministry of Information Technology and Telecommunication to conduct due diligence by the end of June 2024. Sources told The Express Tribune that draft regulations for smartphone financing had been tabled before a recent meeting of the SIFC. During discussions,
Oil and Gas Development Company Limited (OGDCL) – Pakistan’s largest oil and gas exploration firm – has partnered with a global technology firm to enhance the use of technology for better planning, exploration, and production of oil and gas deposits across Pakistan. SLB, a company listed on the New York Stock Exchange and operating in around 100 countries, will assist OGDCL in improving controls o
The United States (US) remained the top export destination for Pakistani products during the first eleven months of the financial year 2023-24, followed by China and the United Arab Emirates (UAE). Total exports to the US during July-May 2023-24 were recorded at $4,989.140 million, down from $5,484.257 million during the same period in 2022-23, showing a decline of 9.02%, according to the State
The Pakistani currency hit a two-week high at Rs278.40 against the US dollar in the inter-bank market, maintaining an uptrend for the second consecutive working day on Wednesday, due to a likely improvement in the supply of foreign currency compared to demand. According to data from the State Bank of Pakistan (SBP), the domestic currency improved by Rs0.10 on a day-to-day basis, up from Tuesday