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Govt increases petrol price by Rs2.5 per litre

ISLAMABAD: The government on Thursday revised the prices of various petroleum products for the month of March 2019. According to a Finance Ministry notification, the prices of petrol have been increased by Rs2.5 per liter, bringing up the price of the product from Rs90.38 per liter to Rs92.88 per liter. The price of high-speed diesel has also…
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Pakistan’s airspace to remain close till Friday noon

KARACHI: In view of the tensions with India Pakistan’s airspace will remain closed till 1:00 pm on Friday. According to the aviation sources Pakistan’s airspace will remain closed until 1:00 pm today. All the domestic and international travelers have been notified, said an official, requesting anonymity. The Civil Aviation Authority has also…
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$75 million loan-deal signed for KP road project

The Economic Affairs Division and the Asian Development Bank have signed a loan agreement of $75 million to provide additional finance for Mardan-Swabi road improvement project. Under the agreement, the additional financing will help dualise Mardan-Swabi road with the reconstruction of a 42km stretch. The dualisation of Mardan-Swabi road and…
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Saudi defiant on oil cuts after Trump tells OPEC to ‘relax’

RIYADH: The Saudi energy minister said on Wednesday he is leaning towards extending oil production cuts in the second half of 2019, despite US President Donald Trump’s demand to keep prices down. OPEC cartel countries and other major oil producers in January began implementing a six-month deal to cut output by 1.2 million barrels per day…
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PSX closes 128 points lower as Pak-India tensions soar

KARACHI: Trade floors turned red on Wednesday as tensions between India and Pakistan escalated, causing the index to lose over 1,500 points in intraday trading. Investors continued to offload since the beginning of the session. The KSE 100 index declined by 3.99pc to reach its intraday low of 37,330.38. The index then recovered…
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