A drone view of a pump jack and drilling rig south of Midland, Texas, United States. — Reuters/FilePPL official says project inspired by Abu Dhabi’s drilling.Company aims to complete island construction in February.PPL plans to drill as many as 25 wells on the island.Pakistan…
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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 cuts development budget by 10%, mulls smart lockdown to tackle fuel crisis
A representational image of calculator and planning sheet. — ReutersGovt provides subsidy to keep prices of petrol and diesel unchanged.Funds from Rs350bn for contingency measures being used to provide fuel subsidy.Funds of ministries and divisions cut down by Rs68 billion.<p…
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Indian rupee among Asia’s worst forex performers this year
A person counting Indian currency in this undated image. — AFP Foreign investors offload $16bn in Indian shares in 2025.Early US-India trade talks lifted hopes of capital inflows.Lack of “impactful” intervention from RBI major reason: analyst
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