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Category: Economy

Attock refinery signs agreement with Italian firm STP for $600 million upgradation project

Cost of the upgradation project estimated up to US$ 600 million…

Pakistan’s exports rise by 5.15% to $29.56 billion in 11 months of FY2024-25

May exports recorded $2.672 billion, imports reached $5.273 billion; total imports rise by 7.5% to $53.55 billion in 11 months…

Cost of Sukkur-Hyderabad Motorway (M-6) revised up by 138%, now set at Rs395 billion

Project forwarded to ECNEC for final approval; government allocates Rs15 billion for the first year of construction, falling short of the estimated…

Pakistan’s foreign exchange reserves rise to $17.1 billion

SBP reserves up by $46 million, while the rupee continues its decline due to increasing imports and debt repayments…

Textile exports rise 7.37% to $16.36 billion in 11 months of FY2024-25

Knitwear exports increased by 14.46% to $4.56 billion, while bed wear exports surged 10.56% to $2.84 billion compared to last year…

National Highway Authority conducts first-ever auction of 68 toll plazas

Key toll plazas included Jamshoro, Saeedabad, Moro, Kandiaro, Ranipur, Rohri, Sadiqabad, and Ahmedpur East, among others…

OGDCL Discovers Significant Gas Reserves in Sindh

Oil & Gas Development Company Limited (PSX: OGDC) Thursday announced a gas/condensate discovery from the exploratory well Faakir…

Remittances surge to $3.68bn in May, pushing FY25 inflows to nearly $35bn

Worker remittances up 29% in 11 months; May sees 16% monthly jump amid strong inflows from Gulf, UK, and US…

Pakistan moves forward with barter trade mechanism for Iran, refining operational issues

Under the proposed mechanism, amendments will be made to the existing SROs, expanding the list of items eligible for barter trade…

Rs5 billion allocated for low-cost housing mark-up subsidy in federal budget

Government to offer tax credit on profits paid for loans on houses up to 250 sq. yards or flats of 2,000 sq. feet or less…

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