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Govt increases petroleum prices by Rs4 per litre

The government has increased petroleum prices to meet Petroleum Levy target agreed with International Monitory Fund.According to the notification issued by Finance Ministry, in the fortnightly review of Petroleum Products’ Prices, Prime Minister Imran …

SPI-Based Weekly Inflation Marginally Decreases

The Sensitive Price Indicator (SPI) for the week ended December 30, 2021, recorded a decrease of 0.50 percent, says the Pakistan Bureau of Statistics (PBS).The decline in SPI was due to a decrease in the prices of tomatoes (30.92 percent), potatoes (7….

ICCI Fears New Wave of Inflation After Mini Budget

The Islamabad Chamber of Commerce and Industry (ICCI) has shown serious concern over the Finance (Supplementary) Bill 2021 tabled in the national assembly on Thursday.A media release issued by the chamber said that the approval of the bill would hit th…

Pakistan to Open Bidding for 14 New Oil and Gas Exploration Blocks

Petroleum Division has announced a bidding round of 14 new blocks covering 24000 square kilometers (sq-km) for exploration of oil and gas, tweeted the Minister of Energy, Hammad Azhar.The petroleum division hopes to tap a resource potential of 15 Trill…

ADB Committed $2.3 Billion to Pakistan In 2021

Asian Development Bank (ADB) and Pakistan achieved a historic high level of cooperation with over $2.3 billion committed by the Bank in 2021, said ADB Country Director for Pakistan Yong Ye.The Country Director in a video message stated, “as we continue…

ECC Approves Re-Rolling of $142 Million Loan for Roosevelt Hotel

The Economic Coordination Committee (ECC) of the cabinet on Friday approved the re-rolling of a $142 million loan for Roosevelt Hotel, New York.Finance Minister Shaukat Tarin presided over the meeting, which discussed a number of summaries, including t…

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