People walk past an installation depicting barrel of oil with the logo of Opec during the COP29 United Nations climate change conference in Baku, Azerbaijan. — Reuters/FileOpec+ statement follows online meeting of members.Meeting comes after UAE announced exit from Opec+.Move aimed at…
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Pakistan cancels Eni LNG cargoes, seeks to renegotiate Qatar supplies
The logo of Italian multinational energy company Eni is displayed at their booth during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. — Reuters Cuts follow request from gas distributor amid surplus supply.Shift to solar cuts gas demand,…
SBP, IFC sign deal to boost local currency lending in Pakistan
State Bank of Pakistan Governor Jameel Ahmad and International Finance Corporation Vice President and Treasurer, Treasury and Mobilisation John Gandolfo sign an agreement. — X/ @StateBank_PakSBP-IFC partnership aims to expand financing for private sector.IFC to manage currency…
Sugar mills racked up Rs300bn in windfall profits since exports allowed, PAC told
Workers prepare sugar bags at a warehouse in Islamabad. — AFP/File67 mills export 746,469 tonnes of sugar worth over $400m.42 families benefited from this profit surge, says PAC chairman.Junaid Akbar highlights contradicting export policies, local needs.
ISLAMABAD: A…