BUSINESS

World Bank approves $149.7m for two projects in Pakistan

Post Views: 80 ISLAMABAD: The World Bank has approved 149.7 million dollars in financing for Pakistan to support two projects, the international financial institution said in a statement. According to the details, the funds were approved to support projects related to the digital economy and improved flood resilience. The allocated funding of 78 million dollars […]

BUSINESS

OGDCL discovers tight gas reserves in Sindh

Post Views: 79 Oil & Gas Development Company Limited (OGDCL), Pakistan’s largest exploration and production company, has discovered tight gas at its exploratory well Nur West # 01, located in the district Sujawal, Sindh. The company shared the development in its notice to the Pakistan Stock Exchange (PSX) on Monday. “By the Grace of Almighty […]

BUSINESS

Oil tankers owners association halts petroleum supply

Post Views: 74 The Oil Tankers Owners Association has announced that it will stop the supply of petrol and diesel from today due to non-fulfillment of demands. According to the Association, supplies would continue to reach Islamabad, Gilgit-Baltistan, and Azad Kashmir. However, there will be a suspension of supply to all airports. According to the […]

BUSINESS

Pakistan Post faces loss of 500 million rupees: Report

Post Views: 84 ISLAMABAD: Pakistan Post Office has revealed that the state-run enterprise has lost more than 50 crore rupees in the year 2021-22. According to the documents available with Daily Ausaf/ABN News, in different cases of fraud, theft, misappropriation, robbery, and embezzlement, the Pakistan Post Office facing the loss of more than 50 crore […]

BUSINESS

KSE-100 index crosses 72,000 points historic mark

Post Views: 78 KARACHI: The Pakistan Stock Exchange (PSX) achieved a new milestone as it crossed the 72,000 mark during the early morning trading on Wednesday. The benchmark KSE-100 index increased by 976.49 points, or 1.37%, during intraday trading to close at 72,335.89 points, up from 71,359.41 points the previous day. The market fluctuated on […]