Daily The Patriot

Business

Low fuel reserves: risk of petrol and diesel crisis in the country.

Low fuel reserves
Karachi: A risk of a petrol and diesel crisis has emerged due to dwindling fuel stocks in the country.The Oil Companies Advisory Council (OCAC) has sent an urgent letter to the Federal Minister for Petroleum and the Chairman of OGRA, warning that the proc…
Locally manufactured hybrid electric vehicles exempt from sales tax
Islamabad: The government has taken an important decision regarding locally manufactured hybrid electric vehicles, exempting vehicles with engines up to 2000 cc from sales tax.The Ministry of Finance has amended the sales tax laws related to hybrid electr…
Gold prices fell in global and local markets
Karachi: Gold prices have decreased in global and local markets.Gold prices in the international bullion market fell by $24 per ounce on Monday, bringing the new global price to $4,406 per ounce. Under the influence of the global market, the price of g…
Pakistan begins process of issuing US dollar benchmark Eurobonds
Islamabad: Pakistan has started the offering process for issuing US dollar benchmark Eurobonds.According to the Ministry of Finance, the offering process for 5-year and 10-year Eurobonds has been started, however, the final issuance of the Eurobond will b…
Moody’s upgrades Pakistan’s credit rating
Islamabad: International credit rating agency Moody's has upgraded Pakistan's sovereign credit rating from Caa1 to B3.According to Express News, international rating agency Moody's has upgraded Pakistan's sovereign credit rating from Caa3 to B3, while mai…
Low fuel reserves
Karachi: A risk of a petrol and diesel crisis has emerged due to dwindling fuel stocks in the country.The Oil Companies Advisory Council (OCAC) has sent an urgent letter to the Federal Minister for Petroleum and the Chairman of OGRA, warning that the proc…
Locally manufactured hybrid electric vehicles exempt from sales tax
Islamabad: The government has taken an important decision regarding locally manufactured hybrid electric vehicles, exempting vehicles with engines up to 2000 cc from sales tax.The Ministry of Finance has amended the sales tax laws related to hybrid electr…
Gold prices fell in global and local markets
Karachi: Gold prices have decreased in global and local markets.Gold prices in the international bullion market fell by $24 per ounce on Monday, bringing the new global price to $4,406 per ounce. Under the influence of the global market, the price of g…
Pakistan begins process of issuing US dollar benchmark Eurobonds
Islamabad: Pakistan has started the offering process for issuing US dollar benchmark Eurobonds.According to the Ministry of Finance, the offering process for 5-year and 10-year Eurobonds has been started, however, the final issuance of the Eurobond will b…
Moody’s upgrades Pakistan’s credit rating
Islamabad: International credit rating agency Moody's has upgraded Pakistan's sovereign credit rating from Caa1 to B3.According to Express News, international rating agency Moody's has upgraded Pakistan's sovereign credit rating from Caa3 to B3, while mai…

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