Britain sanctions Russia’s energy firms

Britain imposed sanctions on Thursday on more Russian oil companies and Canadian-Pakistani billionaire Murtaza Lakhani as part of efforts to ramp up pressure on Moscow over the war in Ukraine.  The government targeted 24 individuals and entities, including what it described as Russia’s largest remaining unsanctioned oil companies: Tatneft, Russneft, NNK-Oil and Rusneftegaz.  The latest […]

Govt pushes retail debt digitisation

Minister for Finance and Revenue Senator Muhammad Aurangzeb on Thursday said the national drive towards digitisation had gathered strong momentum, with performance targets being pursued through a coordinated approach covering digital infrastructure, payment systems and rails, and digitisation of government-related payments. He said the push was aimed at broadening digital acceptance and reducing reliance on […]

PSX nears 172k on funds buying

The Pakistan Stock Exchange (PSX) extended its record-breaking rally on Thursday as the KSE-100 index closed at a fresh all-time high and approached the 172,000 mark. Buying momentum was driven by improved investor confidence following better-than-expected November current account data and reduction in Pakistan Investment Bond (PIB) yields. Key stocks including Engro Holdings, Fauji Fertiliser […]