[ ISLAMABAD: National Logistics Corporation (NLC) and the Railways Division have signed a strategic framework of cooperation to strengthen Pakistan’s multimodal transportation and logistics network. Federal Minister for Railways Muhammad Hanif Abbasi witnessed the signing of the framework at a ceremony attended by senior officials of NLC and Pakistan Railways. The framework establishes a broad … Read more

[ KARACHI: Investor confidence dipped at the Pakistan Stock Exchange (PSX) on Wednesday as the KSE-100 index opened in the red and remained in the same zone, with selling pressure spreading across major sectors amid elevated oil prices and Middle East supply disruptions. The benchmark index lost 1,370.52 points, or 0.81%, to close at 168,021.80. … Read more

[ Saudi Arabia offer more loadings of crude oil to Asian refiners via ship-to-ship transfers off Oman’s Sohar port In FY24-25, the royalty collected from the oil and gas fields in Sindh was around Rs60 billion. PHOTO: FILE Oil prices fell on Wednesday after reports that Saudi Arabia was offering additional crude cargoes through Oman … Read more

[ ISLAMABAD: The government on Wednesday considered a proposal of the Frontier Works Organisation (FWO), which was eager to construct the Multan-Rohri section of the Mainline-I project at a cost of Rs470 billion under a build-and-lease model but ambiguity remained over debt repayments and the quantum of sovereign guarantees. The proposal seeks to give the … Read more

[ Call for immediate issuance of export order, taking into account IMF recommendations, the prime minister’s committee PRICE RELIEF: Sugar prices are now 18% lower than a year ago due to better production this year, with the commodity selling at an average price of Rs148 per kg. Millers have been trying to convince the government … Read more