Pakistan’s oil import bill showed minimal growth, while petroleum products exports surged during the first eight months of the current fiscal year. According to data released by the Pakistan Bureau of Statistics on Thursday, the oil import bill experienced an uptick of 1.2 per cent to $10.71 billion in 8MFY25 from $10.58bn in the corresponding period last year. In stark contrast, exports of
The Public Accounts Committee (PAC) on Thursday discussed the lapse of economic grants of Rs58 billion and expressed concern over the issue and noted similar financial irregularities across various ministries. During the meeting, finance secretary Imdadullah Bosal said that funds were surrendered by May 31 every year. However, the PAC Chairman Junaid Akbar suggested that the surrender be done e
The World Trade Organisation (WTO) has said that Pakistan has formally accepted the Agreement on Fisheries Subsidies. Pakistan’s Ambassador to the WTO Ali Sarfaraz Hussain presented the instrument of acceptance to WTO Director-General Ngozi Okonjo-Iweala on Thursday, according to the information on the WTO website. The WTO DG said Pakistan’s formal acceptance of the agreement marks a vital s
The Indus River System Authority (Irsa) has called back-to-back meetings of its technical and advisory committee on March 25 and 26 for finalisation of water estimates and provincial shares for the coming Kharif season amid uncertainties over filling capacity of Tarbela Dam. The meetings are taking place at a crucial stage when the Tarbela and Mangla dams are at their dead level, meaning there
The Pakistan Stock Exchange (PSX) extended its bullish spell to a fourth straight session on Tuesday, helping the benchmark KSE 100 index breach another barrier of 117,000 thanks to optimism related to the IMF’s positive review of the economy. Topline Securities Ltd said the bulls dominated the session, propelling the benchmark index to an intraday high of 1,002 points before settling at 117,00