Pakistan Likely to Secure $1.2 Billion Saudi Oil Facility in December
A high-level Saudi delegation will likely visit Pakistan by December 2024 to finalize the terms of a $1.2 billion oil facility. Saudi Arabia recently confirmed its willingness to support this new facility to help Pakistan secure International Monetary Fund (IMF) approval for a
PPL Profit Down 20% to Rs. 23.6 Billion in Q1 FY25
Pakistan Petroleum Limited (PPL) announced its 1QFY25 result today, where the company recorded earnings of Rs. 23.6 billion (EPS of Rs. 8.67), down 20 percent YoY while up 32 percent QoQ. Along with the results, the company also announced a cash dividend of
FBR Faces Revenue Shortfall of Rs. 90 Billion in October 2024
The Federal Board of Revenue (FBR) is expected to face a shortfall of Rs. 90 billion in October 2024, sources told ProPakistani. FBR sources said this month’s target is Rs. 980 billion which currently remains out of sight for the regulator. FBR already
Aurangzeb optimistic about swift finalisation of ADB’s Country Partnership Framework
Finance minister engages with key partners at IMF- World Bank meetings Finance Minister Muhammad Aurangzeb expressed hope that a Country Partnership Framework (CPF) of the Asian Development Bank (ADB) would be finalized soon. The remarks from Aurangzeb came during a meeting with Masatsugu
