Economy Archives

OGDCL announces robust financial performance for H1 fiscal year 2023-24, with significant profit, revenue, and dividend declaration.

Bitcoin hits two-year high amid institutional buying and ETF approval, while ether surpasses $3,200, fueled by market momentum.

The US solidifies its position as the leading LNG exporter worldwide, commanding a 21% market share by the end of 2023.

Europe witnesses a decade-low in gas consumption while boosting LNG imports and diversifying energy sources.

The caretaker government raises petrol and high-speed diesel prices amidst international market volatility.

The textile industry faces a dire situation with over 50% of firms at risk of closure due to soaring energy prices.

Hershey and Cadbury makers plan price hikes to offset soaring cocoa prices, as consumer demand softens due to inflation impact.

Pakistan's exports to Afghanistan showed a modest increase in fiscal year 2023-24, as reported by the State Bank of Pakistan.

Houthi attacks in the Red Sea lead to a 45% decline in Suez Canal Cargo, triggering global trade disruptions.

SBP plans to introduce new currency notes with international security features, sparking cautious optimism from financial experts.

Elon Musk warns that Chinese EV manufacturers could outperform global competitors, including Tesla, unless trade barriers are in place.

The outcome of these agreements will play a crucial role in formulating the next budget for the fiscal year 2024-25.