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Affairs

Pakistan Seeks A $1 Billion Oil Facility From Saudi Arabia in 2024

Pakistan has formally asked for a $1 billion oil facility from the Kingdom of Saudi Arabia (KSA) on a deferred payment basis for the calendar year 2024.The cash-strapped nation is seeking the facility from January 2024 onward. Saudi Arabia has yet to c…

Cotton Market Prices Start to Recover After Continuous Decline

Cotton market prices have finally started to recover after weeks of downward turn as the quality issues remain a critical issue in local procurement.Karachi Cotton Association today raised the spot prices by Rs. 300 per maund, posting a first increase…

More Flights Cancelled as PIA Fails to Arrange Fuel Again

The financial woes of the national flag carrier continue to take a toll on passengers as more flights were cancelled on Sunday due to unavailability of fuel.According to a report by a local media outlet, 26 flights of Pakistan International Airlines (…

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