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Yearly Archives: 2020

Domestic Crude Supplies Surged by Most since July

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Along with wider markets, oil clung to losses as swelling U.S. crude stockpiles added to confusion about the economic effects of growing cases of coronavirus worldwide....

DRAP Reports Increase in the Price of Local and Imported Medicines

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On Wednesday, the Pakistan Drug Regulatory Authority (DRAP) raised the prices of 94 medicinal items, including those used for fever, headache, heart disease, malaria, diabetes, sore...

FBR Seals Jazz Islamabad Office over Non-Payment of Tax for 2018

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On Wednesday, the Federal Board of Revenue (FBR) sealed an office of Pakistan Mobile Communication Limited (PMCL) due to Rs25.3 billion in non-payment of income tax....

CPEC Investor China Three Gorges to List Subsidiary on PSX

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China Three Gorges South Asia Investment Limited (CSAIL) plans to list Three Gorges First (TGF) Wind Farm Private Limited, its renewable energy subsidiary, on the Pakistan...

IMF keeps the Government on a Hold

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Pakistan has requested the International Monetary Fund (IMF) to ease the mini-budget conditions and lift electricity prices until at least March of next year, after Prime...

Pakistan Witnesses Preferential Trade with Afghanistan

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A preferential trade deal with Afghanistan would be discussed by Pakistan as the two neighbors would open talks on a new transit trade agreement, said Prime...

Oil Fails to Recover Despite Building up U.S. Gasoline Stocks

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On Thursday, oil prices increased but failed to completely recover from the losses of the previous session when a build in U.S. gasoline inventories indicated a...

The Government adds $7.8 Billion to Debt, Liabilities in 2 Years

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The finance ministry’s spokesperson on Wednesday said that over the two years, the government's direct borrowing for funding its fiscal deficit amounted to $7.8 billion. The...

CDWP Approves Two Mega-Projects worth Rs 8.175 Billion

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Two mega-projects at a cost of Rs 8.175 billion were approved by the Central Development Working Party (CDWP) with the grant of the Global Partnership for...

Microsoft End Support for Windows 7

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Earlier this year, Microsoft ended support for its embedded Windows 7 products, placing operating systems at higher security risk and more vulnerable to viruses. Since January...
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