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
Pakistan should take solid steps to bolster reforms related to the market-oriented allocation of data elements and speed up the construction of digital infrastructure, including industrial internet and computing power networks, stated Moazzam Ghurki, President of the Pakistan-China Joint Chamber of Commerce and Industry (PCJCCI). These steps should be part of the broader push towards the “Digit
Minister for Planning Development and Special Initiatives, Professor Ahsan Iqbal, stated on Wednesday that the government has presented a balanced budget aimed at steering the economy towards development and social prosperity. Addressing the concluding session of the All Pakistan Chambers Presidents Conference, organised by the Islamabad Chamber of Commerce and Industry, the minister stressed t