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ECC members oppose new benchmark loan rate
ISLAMABAD: Amid opposition from Chinese sponsors to Pakistan’s plans to adopt a new benchmark rate for IPP loans, the economic…
PRL clinches long-term oil supply deal with Russia
ISLAMABAD: Pakistan Refinery Limited (PRL) has appeared on the international energy map as it has struck a long-term oil supply…
Deal inked for port development
ISLAMABAD: Pakistan and China have signed a new advisory deal for faster development of Gwadar Port aimed at giving a push to the…
Turkiye eyes $5b trade in next two years
KARACHI: Ambassador of Turkiye to Pakistan Dr Mehmet Pacaci has said that Pakistan and Turkiye can easily push bilateral trade to…
Textile firm backs dumping duty
KARACHI: A textile company listed at Pakistan Stock Exchange (PSX) has demanded that the government continue charging anti-dumping…
Rupee falls first time in four weeks
KARACHI: After recovering 11% in the past 28 consecutive working days, Pakistani currency on Tuesday depreciated 0.07% and closed…
Plan for G2G oil deal with Russia shelved
ISLAMABAD: The government has decided to shelve plans for a long-term oil import deal with Russia under a government-to-government…
Gas subsidy proposed for exporters
ISLAMABAD: The government has proposed huge hidden gas subsidies of 44% for Pakistan’s richest exporters in the upcoming price…
Pace of rupee rise slows down
KARACHI: Pakistani currency maintained its uptrend in inter-bank market for the 28th successive working day on Monday but it…
After oil price cut, traders seek energy tariff reduction
KARACHI: While welcoming a significant reduction in petrol price, businesspeople have underlined the need for evolving a stable…