A large number of oil tankers are parked near Shireen Jinnah Colony in Karachi. — Online/FilePetroleum cargoes remain stranded at Karachi ports.Five major petrol and diesel vessels await clearance.Sindh restores 100% IDC bank guarantee requirement.Pakistan is facing the…
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Finance division projects inflation to remain in 5-6% range in October
People buy vegetables at a local market in Lahore. — AFP/FileGovt records surplus of Rs1.5tr during July-September.Report estimates Rs430bn losses due to recent floods.Commodities prices hiked due to supply disruption, border closures.
ISLAMABAD: The Finance Division has projected…
US Export-Import Bank to invest in Pakistan’s critical mineral projects
An general image of the Reko Diq mines in Balochistan. — APP/File$100bn initiative includes projects in Egypt and Europe.Investment aligns with President Trump’s energy agenda.Bank aims to secure supply chains for critical minerals.
The US Export-Import Bank has announced…
Indian rupee hits record low, puts central bank on defensive amid inflation fears
Indian twenty rupee currency notes are displayed at a roadside currency exchange stall in New Delhi, India, May 24, 2024. — ReutersIndian rupee down over 4 per cent since beginning of US-Iran war.Higher oil prices threaten to slow India’s growth, raise inflation.Analysts reckon…