Not trading with your neighbours doesn’t make sense, Finance Minister Muhammad Aurangzeb said on Sunday, when asked a question on increasing regional trade, particularly with India. Speaking at a wide-ranging presser, held at the Pakistan Embassy in Washington, he clarified that while “political connotations” or “geopolitical issues” affecting regional trade were outside his purview, Pakistan w
Pakistan has made appreciable gains in the external sector, particularly in goods exports and remittances during the first quarter of FY25 (July-September 2024). That has helped create a modest current account surplus and kept the rupee relatively stable. However, whether these gains can be sustained in the next three quarters of this year and in the coming years cannot be predicted. Much depen
The prices of major petroleum products — petrol and high speed diesel (HSD) — are estimated to go down by Rs2 to Rs3 per litre with effect from Nov 1 for a fortnight, after a minor reduction in global prices. Informed sources said the average prices of petrol and HSD decreased in the international market by about $1.5 and $2.5 per barrel, respectively, in the last fortnight. Depending on final
The gas produced from Thar coal would be cheaper than the imported liquefied natural gas (LNG) and could help reduce the price of fuel and electricity for residential and commercial users, according to a new report. Currently, the coal mined from Thar is being used to produce electricity and not gas. However, laboratory tests have shown that the mineral is suitable for gasification and can be u
Bulls continued their stampede on the trade floor at the Pakistan Stock Exchange (PSX) on Thursday as shares breached the 88,000 milestone. The benchmark KSE-100 index initially gained 851.11 points, or 0.98 per cent, to stand at 88,045.64 points from the previous close of 87,194.53 points at 10:56am. By 1:17pm, it rose further, cumulatively gaining 1.36pc, or 1,189.31 points. Finally, it close