Granulated white sugar and sugar cubes are seen in this picture illustration taken December 16, 2018. — ReutersGovernment to abolish price controls on sugar and sugarcane.Restrictions on setting up new sugar mills to be removed.Zoning restrictions on sugarcane…
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Govt presents Rs18.8tr FY27 budget, targets 4% growth amid Mideast tensions
ISLAMABAD: Finance Minister Muhammad Aurangzeb on Friday presented a budget with a total outlay of Rs18,771 billion as the federal government tries to balance a fragile economic situation due to an energy crisis amid the Middle East tensions.
Presenting his term’s third…
Arif Habib consortium plans to expand PIA fleet to 64 aircraft after Rs135bn takeover
A Pakistan International Airlines plane prepares to take-off at Alama Iqbal International Airport in Lahore. — Reuters/FileHabib confirms Fauji Fertiliser has also joined corporate consortium.Adds remaining 25% stake would fetch Rs45 billion to exchequer.Govt expects airline…
Oil heads for weekly gain as Middle East supply risks persist
A view shows an oil pump jack outside Almetyevsk in the Republic of Tatarstan, Russia June 4, 2023. — ReutersStrait of Hormuz shipping remains near standstill after fighting.Tanker traffic disrupted as shipowners assess security risks.Hormuz handled about 20% of global oil, gas…