KARACHI: Pakistan has discovered significant gas deposits estimated at 351.2 billion cubic feet (BCF) in the Shewa fields of North Waziristan, with an anticipated lifespan of 17 years. The country is poised to inject 70 million cubic feet per day (mmcfd) from the Shewa-2 well into the national grid, boosting domestic gas production by over … Read more
LONDON: An all-out military conflict with Hezbollah or Iran could have significant “credit consequences” for Israeli debt issuers, credit ratings agency Moody’s said on Tuesday. “We continue to assume that the ongoing tensions will not escalate into an all-out military conflict between the two sides or extend to involve Iran, thus limiting the immediate credit-negative … Read more
ISLAMABAD: Pakistan’s oil and gas sector has received a substantial boost, with the country’s total oil reserves increasing by 26% to 243 million barrels as of June 2024, according to the latest data released by the Pakistan Petroleum Information Service (PPIS). This significant rise is largely driven by notable reserve upgrades in key energy companies, … Read more
The finance ministry has projected that the fiscal deficit could soar to Rs9.655 trillion in the upcoming fiscal year, while it has projected a boost in economic growth and a significant reduction in inflation. According to the ministry’s medium-term macroeconomic framework, the Gross Domestic Product (GDP) is expected to grow by 4.8% during this period, … Read more
WASHINGTON: In his first television interview since withdrawing from the 2024 presidential race, President Joe Biden warned that Republican candidate Donald Trump poses a significant threat to American security. Speaking with CBS News in a pre-recorded interview aired on Sunday, Biden expressed his concerns about the implications of a Trump victory, stating, “Mark my words, … Read more
Masjid-e-Nabawi’s Imam Dr Salah bin Mohammad Al-Budair (left) and Chief of Army Staff (COAS) General Asim Munir. — ISPR Imam Al-Budair says Pakistan playing vital role for peace. COAS, Imam express satisfaction over Pak-Saudi relations. Dignitaries discuss matters of mutual interest in meeting. RAWALPINDI: Chief of Army Staff (COAS) General Asim Munir Friday met with Masjid-e-Nabawi’s Imam Dr … Read more