ISLAMABAD: The State Bank of Pakistan has pointed out that only 7.6 million Pakistanis are using the method of mobile…
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All customers, including lifeline customers who use up to 50 units per month, will be subject to the increase, as will some industrial customers who are covered by a support package.
The oil and gas company described the recent discovery of gas reserves as a valuable addition to the country’s energy sector in order to help the country overcome its energy crisis
Overall liquid foreign currency reserves held by the country, including net reserves of the SBP, stood at $14.943 billion. The reserves held by the commercial banks operating in Pakistan amounted to $5.957 billion.
Supply from non-OPEC+ producers will lead output increases through the end of next year, while OPEC+ supply could drop with full-force embargoes on Russian oil in the West and producers outside the Middle East struggling to increase production.
IMF said that it “supports the government’s multipronged strategy to restore energy sector viability which shares the burden of restoring viability across all stakeholders — the government, producers, and consumers”.
“The more we bend to America, the more they will want us to ‘do more,'” he said.
Bitcoin has dropped to $21,775 on Thursday (June 16) while its market capitalisation has fallen to $415 billion, from over one trillion dollars in November 2021.