US dollar banknotes are seen in this illustration taken March 24, 2026. — ReutersUAE contributes $737m, UK $555m in July remittances.Remittances up 4.5% on month-on-month basis in July.PM Shehbaz hails receipt of $3.6bn remittances in July.KARACHI: Workers’ remittances…
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SBP raises policy rate by 100bps to 11.5% as inflation risks mount
An undated image of the State Bank of Pakistan building in Karachi. — AFP
The State Bank of Pakistan raised its benchmark policy rate by 100 basis points to 11.5% on Monday, opting for cautious tightening as oil price volatility and renewed inflation risks clouded the…
Govt increases diesel by Rs11.30, keeps petrol unchanged for next fortnight
A man holds a fuel nozzle at a petrol station in Reze, near Nantes, France, March 18, 2022. —Reuters
High-speed diesel price rises to Rs268.38 per litre.Petrol price to remain unchanged for next 15 days.Govt revises fuel prices following Ogra’s…
OGDC makes significant oil, gas discovery in Sindh’s Sanghar
A drone view of a pump jack and drilling rig south of Midland, Texas, United States. — Reuters/FileWell produced 2,000 barrels oil, 1.1 mmcfd gas daily: OGDC.Lower Goru Formation confirms hydrocarbon reservoir potential.Discovery opens new exploration window in Sanghar district.