An oil pump jack is seen in Artesia, New Mexico, US, April 6, 2023. — ReutersStrait of Hormuz traffic remains limited amid conflict.Iranian oil exports fall to lowest level in six years.OPEC secretary general says oil demand to remain robust.SINGAPORE: Oil prices rose on Friday,…
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IMF forecasts 3.6% GDP growth for Pakistan in FY26, below govt target
The seal of the International Monetary Fund is seen at the headquarters building in Washington, DC. — AFP/File
ISLAMABAD: The International Monetary Fund has forecast Pakistan’s economic growth at 3.6% for the ongoing fiscal year 2025–26, falling below the…
Pakistan repays $1.43bn in external debt, says finance ministry adviser
A foreign currency dealer counts US dollars at a shop in Karachi, Pakistan, May 19, 2022. — AFP/FileRepayment includes $1.3bn Eurobond maturing on April 8Debt servicing continued to be executed as non-event: adviser.Repayment reinforces Pakistan’s credibility, says Schehzad.<p…
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Govt to shift burden of LNG cargoes on to RLNG consumers
A file photo of a vessel carrying liquefied natural gas . — Reuters/FilePower plants, exporters, new RLNG users face higher tariffs.Ogra’s Rs48bn projection questioned amid possible loss scenario.Govt cites potential $339.6m foreign exchange saving.
ISLAMABAD: In a major…