Post Views: 81 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 […]
Post Views: 80 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 […]
Post Views: 75 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 […]
Post Views: 75 LAHORE: Due to the extreme decline in wheat prices in Punjab province and the absence of purchasing from the Food Department, farmers are forced to sell their grain for much less than the government’s minimum support price. Farmers are being compelled to sell their harvest for as little as Rs3,200 per 40 […]
Post Views: 74 The government is considering reducing buyback rates for net metering electricity, potentially lowering them from the current Rs. 21 to Rs. 11 per unit. The potential change comes as solar power adoption in Pakistan has surged, with installed capacity reaching 3,000 megawatts. According to the Power Division, the facility has already greatly […]
Post Views: 73 ISLAMABAD: The International Monetary Fund (IMF) has forecast GDP (Gross domestic product) growth for Pakistan at 2 percent for the current fiscal year 2024, compared to -0.2 percent in fiscal 2023, and inflation at 29.2 percent. 24.8 and predicted a drop in unemployment from 8.5 percent to 8 percent. The Fund, in […]
Post Views: 86 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 […]
Post Views: 79 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 […]
Post Views: 5 ISLAMABAD: Finance Minister Muhammad Aurangzeb predicted that the foreign exchange reserves of Pakistan will increase by nine to ten billion dollars by the end of this ongoing fiscal year. Addressing the inaugural Islamic Business Summit in Islamabad today, the Finance Minister said that at present the foreign exchange reserves stand at eight […]
Post Views: 6 KARACHI: The gold rates in Pakistan witnessed a sharp decline on Tuesday, moving the cost of 24-karat gold to Rs240,900 per tola after seeing a price dip of Rs7800. Similarly, price drops were recorded by dealers for the price of 10 grams of 24-karat gold, which is currently trading at Rs206,533, down […]