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What is this behavior, State Bank? The next SBP's Monetary Policy Committee (MPC) meeting will occur on July 07. The current policy rate stands at 13.75 percent, while the latest cut-off rate of 03-month MTBs is as high as 15.08 percent. It seems that the central bank is not catching up with...

Pakistan can refine certain variants of the Russian crude.

No problem!

No, I'm not. However, I draw my research from credible sources like ExxonMobil, etc. Also, you can read Mr. Ahmad Waqar's piece who is a subject-matter expert on oil and gas. We both share similar conclusions. Link to his piece: https://dailytimes.com.pk/941643/russian-oil-and-pakistans-dilemma

Yes, the API gravity of the Urals is 31-something as I said previously. Also, I said that Pakistan can buy the Urals but not as a standalone substitute. See, I'm again endorsing your POV and not being dishonest. You are lacking the ability to comprehend my point. Also, I never negated your data...

Thanks!

You can see the "magical term" defined by the Ministry of Petroleum (http://khalidzafar.com/wp-content/files_mf/1527083221PakistanPetroleumRefiningBlendingandMarketingRules1971.pdf). Also, Pakistan can buy the Urals to blend it. But one should not consider it as a standalone substitute. For the...

Yes, Pakistan does import Kuwaiti crude but most of the other crudes are blended in Pakistani refineries to suit their capabilities. It's a tradeoff, basically. Existing refineries can upgrade themselves by investing USD 4bn while setting up a new refinery would take USD 10bn. Also, since it is...

If you read carefully, McKinsey Energy is not the only data source I've used. There are other sources as well. Meanwhile, the source of the data I've quoted is mentioned in the post. Sharing it here for your convenience. http://www.gercl.co.uk/resources/ARABLT.pdf GERCL is a UK-based...

If you read carefully, McKinsey Energy is not the only data source I've used. There are other sources as well. Meanwhile, the source of the data I've quoted is mentioned in the post. Sharing it here for your convenience. http://www.gercl.co.uk/resources/ARABLT.pdf

Yes, sure about Arab Light. Never talked about the Urals in the first place since it is medium-sulfur crude and Pakistan cannot refine this particular grade. The link you shared shows the sulfur content of Arab Light at 1.7. Mine shows at 1.5. It is pertinent to note that sulfur content and API...

Can Pakistan's oil refineries refine Russian crude? Russian military offensive on Ukraine marked the visit of the former premier Imran Khan to Russia. The ill-timed visit irked the eyes of the self-proclaimed vanguard of democracy, aka the United States. Donald Lu's threatening cipher to...

It's not about solar panels. It's about investing in fraudulent solar earning apps. Solar panels and solar earning apps are poles apart. The former is a legit means of cost-effectiveness. The latter is fradulent.

The sun is sucking water, and so are fraudulent solar earning apps sucking your hard-earned money. The heatwave in Pakistan this year smashed all previous records, raising the mercury levels tremendously. However, money-sucking solar earning apps are not a recent phenomenon and have existed...

Leadership crisis in crisis leadership. In the wake of the noise regarding the no-confidence motion (NCM) against the Imran Khan-led Pakistan Tehreek-i-Insaf (PTI) government, the Kaptaan made a seemingly populist move - imposing fuel and power subsidies. While this news came as a breath of...

No two economies are the same, and one should not judge anyone by their past. While drafting this piece, this day marks the completion of Dr. Reza Baqir's three-year tenure as the State Bank of Pakistan's (SBP) chief. It is probable that before it is published, Dr. Murtaza Syed, currently the...

Not to confuse with the severe impact of the Great Depression of the 1930s and the Great Resignation of 2021. In March 2022, bank deposits in Pakistan recorded a 14 percent YoY increase to PKR 20.47 trillion. Since then, what led the State Bank to pump money into commercial banks in early April...

The PTI spokesperson on the economy and finance recently stirred the Pakistani Twitter. Muzzammil Aslam (@MuzzammilAslam3) is the PTI spokesperson on the economy and finance. On April 28, 2022, one of his tweets read: Enclosed with the tweet was an image of the monetary aggregate (M2) data...

With the new allegedly imported government approaching the IMF, let's take a look at the history of Pakistan with the Fund. Pakistan has a notoriously rich 61-year history of knocking on the doors of the International Monetary Fund (IMF), spanning from 1958 to 2019. To add more context, the...

Yes, as mentioned in the article. A handful of families largely influence the stock market.