Business News Archive - Page 9

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Pakistan RLNG Prices Cut About 20% After Cheaper Qatar Cargoes

Pakistan RLNG Prices Cut About 20% After Cheaper Qatar Cargoes

Pakistan's RLNG prices have fallen by around 20 per cent for September after cheaper Qatar cargoes reduced the cost of imported gas. The decline is expected to ease fuel expenses for power generation, although domestic network losses and supply-chain charges continue to keep final prices above the delivered LNG cost.

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Pakistan Cuts Petrol by Rs0.84, Diesel by Rs2.63 for September 25

Pakistan Cuts Petrol by Rs0.84, Diesel by Rs2.63 for September 25

Pakistan has cut petrol by Rs0.84 per litre to Rs389.28 and high-speed diesel by Rs2.63 to Rs412.12, with the revised ex-depot rates taking effect on September 25. The adjustment marks the third consecutive review with lower fuel prices and follows changes in international petroleum benchmarks and other pricing components.

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Pakistan Seeks US EXIM Financing for PIA Boeing 787 Dreamliners

Pakistan Seeks US EXIM Financing for PIA Boeing 787 Dreamliners

Pakistan has approached the US Export-Import Bank for financing support for PIA's planned acquisition of Boeing 787 Dreamliners, aircraft engines and spare parts for grounded Boeing 777s. Discussions also covered refinery upgrades and the Reko Diq mining project as Islamabad seeks international financing for major aviation and infrastructure investments.

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Three Women-Led Pakistan Startups Win Rs10.5m in Accelerator Grants

Three Women-Led Pakistan Startups Win Rs10.5m in Accelerator Grants

Three women-led Pakistani startups have received a combined Rs10.5 million in equity-free grants after completing a technology accelerator programme in Karachi. EV Square, Blusha App and Zvolta will also receive extended business support and access to a wider entrepreneurial network as they work to scale their ventures.

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Pakistan Cuts Petrol by Rs1.93, Diesel by Rs4.21 for September 24

Pakistan Cuts Petrol by Rs1.93, Diesel by Rs4.21 for September 24

Pakistan has reduced petrol by Rs1.93 per litre to Rs390.12 and high-speed diesel by Rs4.21 to Rs414.75 for September 24. The latest cuts follow another reduction a day earlier as authorities continue adjusting domestic fuel rates in response to volatile international energy markets.

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ADB Sees Pakistan FY27 Growth at 3.7%, Inflation at 8.3%

ADB Sees Pakistan FY27 Growth at 3.7%, Inflation at 8.3%

Pakistan's economy is projected to grow by 3.7% in FY27, below the government's 4% target, while average inflation is expected to reach 8.3%. Higher energy and logistics costs, Middle East tensions, financing conditions and delays in structural reforms remain key risks to the outlook.

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IMF Team Arrives in Pakistan for EFF and Climate Facility Reviews

IMF Team Arrives in Pakistan for EFF and Climate Facility Reviews

An IMF staff mission has reportedly arrived in Pakistan for the fourth Extended Fund Facility review and the third Resilience and Sustainability Facility review, with negotiations expected to run for about two weeks. A successful staff-level agreement and subsequent Executive Board approval could unlock roughly $1 billion under the EFF and around $200 million through the climate resilience programme.

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Pakistan cuts petrol by Rs1.70, diesel by Rs3.12 for September 23

Pakistan cuts petrol by Rs1.70, diesel by Rs3.12 for September 23

Pakistan has reduced petrol by Rs1.70 per litre to Rs392.05 and high-speed diesel by Rs3.12 to Rs418.96, with the revised rates taking effect on September 23. The adjustment follows the federal petroleum pricing mechanism and reflects changes in international market benchmarks, premiums and related costs.

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PM fuel relief scheme tops 2.2m registrations, 1.9m tokens issued

PM fuel relief scheme tops 2.2m registrations, 1.9m tokens issued

More than 2.2 million people have registered for the Prime Minister’s Special Fuel Scheme, with around 1.9 million relief tokens issued nationwide. The programme provides targeted fuel assistance mainly to motorcycle, rickshaw and Qingqi users, as well as eligible owners of cars with engines of up to 800cc.

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PSX advances over 400 points as buying lifts KSE-100

PSX advances over 400 points as buying lifts KSE-100

Pakistan's benchmark KSE-100 Index gained more than 400 points in early Tuesday trading, reaching 171,562.37 at around 10:10am as buying spread across major sectors. The advance came alongside stronger Asian markets and improving global sentiment, although the session remained in progress.

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Petrol Rises to Rs393.75 as Diesel Price Falls to Rs422.08

Petrol Rises to Rs393.75 as Diesel Price Falls to Rs422.08

Petrol has increased by Rs4.61 per litre to Rs393.75, while high-speed diesel has been reduced by Rs1.96 to Rs422.08 under the latest petroleum price revision. The new rates take effect on September 22 amid continued volatility in international energy markets.

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Pakistan FDI Jumps 80% to $316 Million in August

Pakistan FDI Jumps 80% to $316 Million in August

Pakistan's net foreign direct investment climbed 80 percent year on year to $316 million in August, its highest monthly level in two years and 77 percent above the previous month. Stronger inflows from China, Canada and the UAE, combined with lower outflows, supported the improvement.

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