The logo of the State Bank of Pakistan is pictured on a reception desk at the bank’s head office in Karachi. — Reuters/File SBP says Mideast war led to sharp rise in global fuel prices.War’s intensity, duration to determine impact on economy: MPC.MPC expects inflation to remain…
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$5 billion Neelum-Jhelum hydropower project to remain ‘offline’ until 2028

The image shows the Neelum-Jhelum Hydropower Project. — APP/FileTunnel failure inquiry continues amid repair work.Cheap hydropower missing from national grid.Draft dam safety bill has been finalised.
ISLAMABAD: Pakistan’s nearly $5 billion Neelum-Jhelum Hydropower Project will…
‘$5bn aid may ease short-term pressure, not long-term interest’

A foreign currency dealer counts US dollars at a shop in Karachi, on May 19, 2022. — AFP/File
Musadaq Zulqarnain, a Pakistan Business Council member, said that the $5bn aid from friendly countries may ease short-term pressures but is not in Pakistan’s long-term…
Pakistan awards 23 offshore oil exploration blocks after 18-year gap

A general view of the Equinor’s Johan Sverdrup oilfield platforms in the North Sea, Norway. — Reuters/FileFirst offshore bidding round by Pakistan since 2007.Four local-led consortia win exploration rights.Turkish national oil company TPAO among foreign partners.
Pakistan…




