Ratings agency says the fuel shortages reflect on strained finances of state-owned companies.
Central bank governor says 8.5 percent discount rate will go into effect from Jan. 26, 2015.
Investment analyst says prices will likely stabilize once market becomes aware of new king’s view on oil situation.
Hypernationalism and hysteria caused the Reko Diq dispute. Now brace yourselves for the impact.
Analysts predict prices will fall below $40 a barrel this year.
Analysts warn of further losses for oil, saying prices will only stabilize if global production is reduced.
As NATO war ends, Kabul’s struggling economy threatens to unravel country’s stability.
The commodity has lost nearly half its value since June of this year.
Gulf-based OPEC members are hitting back at shale producers by allowing oil prices to drop to record lows.
Global tensions mount as OPEC maintains decision to sustain output despite lack of demand.
Analysts forecast even further falls, as supply continues to outpace demand.
Pakistan Aeronautical Complex has capacity to construct 25 JF-17 jet fighters a year, according to Air Marshal Javaid Ahmad.
Narendra Modi’s regime plans series of asset disposals, starting with five-percent stake in Steel Authority of India.
OPEC’s decision to maintain crude output despite existing supply causes huge dip in prices.
Finance minister says the bond will help achieve national foreign exchange reserves of $15 billion by year’s end.
State-carrier had been suspended in September over security fears.
Energy giant was one of several foreign firms accused by Indian authorities of underpricing shares.
Narendra Modi has appointed a minister for traditional medicine to secure foothold in global market.
State Bank cuts interest rate to 9.5 percent on basis of improving economic indicators.
Spokesman for P.M. Sharif says new agreements will allow Chinese companies to help build power stations in Pakistan.