The country’s oil marketing companies (OMCs) recorded sales of 1.14 million tonnes in February, up 2pc year-on-year (YoY) while down 18pc month-on-month (MoM). The MoM decline was majorly due to fewer working days in February. This takes total sales for 8MFY25 to 10.55m tonnes, reflecting a 4pc YoY increase compared to 10.18m tonnes in 8MFY24. Myesha Sohail of Topline Securities said petrol
Canadian Prime Minister Justin Trudeau launched a stunning attack on Donald Trump’s “dumb” trade war as huge US tariffs kicked in against Canada, Mexico and China on Tuesday, sparking angry and immediate retaliation from all three. A furious Trudeau accused Trump of trying to cause the collapse of Canada’s economy to make it easier for the United States to annex his country, and blasted Washing
The Public Accounts Committee (PAC) on Tuesday scrutinised audit reports for the Economic Affairs Division and the Ministry of Foreign Affairs for the fiscal year 2023-24, showing significant financial irregularities. During the session, officials disclosed that the Economic Affairs Division had received a grant of Rs12.97 billion, with Rs122 million returned. The committee directed officials t
Amid falling tax collections, the federal government’s borrowing from banks plunged 84 per cent during the first seven and half months of the current fiscal year. The latest data released by the State Bank on Tuesday showed that the government is far from the volume of borrowings made during the last fiscal year. The federal government borrowed Rs658 billion from July 1 to Feb 14 FY25 compar
Owning a home has long been considered a financial milestone, but for an average Pakistani, this goal is becoming increasingly unattainable. Property prices have surged beyond affordability, while stagnant wages and rising inflation make it harder for middle-income households to save enough for a down payment. As real estate continues to be a critical factor in economic stability, its increasing i