ISLAMABAD: Petroleum Minister Musadik Masood Malik informed the National Assembly on Thursday that petroleum prices in Pakistan had decreased by Rs 47.54 per litre since May. In response to various questions, the minister explained, “Pakistan purchases fuel at international market rates, but we receive some discounts on the premium.” He elaborated, “Under an agreement, we … Read more
A reduction in the prices of petroleum products is expected by the end ofd this week, owing to the drop in global oil prices. If confirmed, this would mark the third consecutive bi-weekly drop in prices of petroleum products. Petrol is expected to become cheaper by Rs12 per litre while the price of diesel is also anticipated … Read more
ISLAMABAD: Pakistan’s cement industry faced a significant decline in August 2024, with cement dispatches plummeting by 26% year-on-year to 3.37 million tons. This downturn has been largely attributed to a marked slowdown in construction activity, exacerbated by the heavy monsoon rains that swept across the country, disrupting projects and dampening demand. The average cement prices … Read more
LAHORE: The unprecedented tax hikes on cement have led to a significant decline in demand, with cement dispatches dropping by 25.68% in August 2024. According to the All Pakistan Cement Manufacturers Association (APCMA), total cement dispatches during August 2024 were 3.366 million tonnes, down from 4.528 million tonnes in the same month last year. Domestic … Read more
Gold prices in Pakistan continued their downward trend on Wednesday, marking the second consecutive session of decline as international rates also dropped. In the local market, the price of gold per tola fell by Rs1,400, settling at Rs260,100. Similarly, the price of 10-gram gold decreased by Rs1,200, bringing it down to Rs222,994, according to figures … Read more
Prime Minister Shehbaz Sharif addresses 23rd Shanghai Cooperation Organisation (SCO) Summit, hosted virtually by India, July 4, 2023. — Reuters PM Shehbaz says economy moving towards stability. Acknowledges relief in electricity bills, POL prices. “Govt believes in passing benefits to common man.” ISLAMABAD: Expressing satisfaction over the “nosediving of inflation rate” in the country, Prime … Read more
HOUSTON: Oil prices retreated on Friday as investors weighed expectations of a rise in OPEC+ supply starting in October, alongside dwindling hopes of a hefty US interest rate cut next month, following data showing strong consumer spending. Brent crude futures for October delivery, which expire on Friday, settled $1.14 lower, or 1.43%, at $78.80 a … Read more
1725008235-0/Untitled-design-(17)1725008235-0.png "Ahmed Shehzad questions PCB’s decision to drop Shaheen for second test against Bangladesh D Trends")
Listen to article Pakistan cricketer Ahmed Shehzad has voiced his discontent over the decision to exclude left-arm pacer Shaheen Afridi from the squad for the second Test against Bangladesh in Rawalpindi. Shehzad acknowledged that while Afridi’s performances and attitude have been under scrutiny, he believes that removing him from the squad isn’t a comprehensive solution to Pakistan’s … Read more
The prices of petrol and high-speed diesel (HSD) are expected to decrease by approximately Rs5-6 per litre for the third consecutive fortnight, starting September 1, primarily due to a decline in international oil prices. As per reports, the international market price for petrol and HSD fell by $2 to $2.30 per barrel over the last … Read more
Bolan Castings Ltd. has announced a halt in its production activities due to a significant drop in customer orders and severe financial strain caused by delays in payments from its main customer. The company is a subsidiary of Millat Tractors Limited. Bolan Castings disclosed this development in a notice sent to the Pakistan Stock Exchange … Read more