Business

Expected decreases in petrol and diesel prices starting on November 1

Published

3 months ago

Farwa

In the past fifteen days, the price of gasoline has dropped by $1.5 and $2.5 per barrel on the international market, respectively.

With the present currency rate and tax rates in mind, the government is probably going to help the populace by lowering the price of gasoline by Rs. 3 and HSD by Rs. 2.30 per liter, respectively.

In the worldwide market, the price of HSD dropped by $2.5 to $84 per barrel, while the price of gasoline dropped from $77.5 to $76 per barrel.

Prior to the end of the current month, the price of gasoline stayed at Rs247.03, while the price of diesel climbed by Rs5 on October 15.

Additionally, the costs of kerosene oil and light diesel have not altered.

According to earlier reports, the Pakistani federal government was considering raising the oil corporations’ profit margin by Rs1.35, to Rs9.22 per gallon. The proposed increase was Rs1.40, which would have increased the profit for petrol sellers to Rs10.04 per litre.

Business

With $488.4 million invested, the power sector leads the FDI surge in FY 2025.

Published

9 hours ago

Farwa

Investment in eco-friendly technologies and renewable energy is increased by the Special Investment Facilitation Council, opening the door for sustainable development.
The first half of fiscal year 2025 saw a 20% increase in foreign direct investment, reaching $1.3 billion.
FDI is highest in the power sector, which received $488.4 million in the first half of fiscal year 2025.
The oil and gas industry receives $166.7 million in investment, while the financial services industry draws $353 million.
China has invested $535.5 million in the first half of FY 2025, making it the largest partner.
Growth in the Digital Economy is Driven by Foreign Direct Investment: Pakistan’s IT Sector and Skilled Workforce Face Significant Opportunities

Business

China Invests in Pakistan: $250 Million Memorandums of Understanding Signed to Promote Medical Trade

Published

9 hours ago

Farwa

With the assistance of the Special Investment Facilitation Council and government initiatives, Pakistan has established a climate that is conducive to investment.

A total of 80 Chinese businesses have shown their desire to collaborate in Pakistan’s medical equipment industry.

To encourage trade in the medical and surgical industries, memorandums of understanding estimated at $250 million have been inked.

In order to grow Pakistan’s medical equipment industry, Chinese businesses are promoting collaborative partnerships. It is anticipated that China’s cutting-edge technology would support the expansion of the medical sector, drawing investors with tax breaks and a highly qualified workforce.

Chinese investment is anticipated to support further growth in Pakistan’s medical industry, which is currently valued at over 600 million dollars.