A unit of the Kuwait Petroleum Corporation. — AFP/File KUFPEC will “recover its investments” by selling assets. The company’s decision has raised serious concerns among policymakers. PEL also confirms having made advance payments to KUFPEC. ISLAMABAD: Kuwait Foreign Petroleum Exploration Company (KUFPEC) has started the process of exiting Pakistan’s oil and gas sector by selling … Read more
The representative image shows Pakistanis enjoying a cricket match. — Reuters/File The Ipsos Pakistan survey shows youth migration trends. The Middle East is at the top of the list of aspirants to emigrate. Privileged class most likely to consider emigration. The majority of young Pakistanis do not want to leave the country permanently. News reported … Read more
A currency trader counts Pakistani rupee notes as he prepares to exchange U.S. dollars in Islamabad, December 11, 2017. — Reuters Pakistan has a current account surplus of $729 million. The surplus reflects the importance of remittances and the reduction in trade deficits. November marks the 4th consecutive month of surplus. KARACHI: Pakistan recorded its … Read more
Pakistani Prime Minister Shehbaz Sharif held separate bilateral meetings with Turkish President Recep Tayyip Erdogan and Iranian President Masoud Pezeshkian on the sidelines of the 11th D-8 Summit in Cairo, reinforcing commitments to strengthen ties on fundamental issues and regional cooperation. During their talks with President Erdogan, the two leaders reaffirmed their support on issues … Read more