Record-high inflation continues to break back of lower, middle income groups
KARACHI: The record-high inflation continues to break back of the lower and middle income groups in the poor country of 220 million. The Pakistan Bureau...
ECC approves supplementary grants worth over Rs912m
The Economic Coordination Committee has approved technical supplementary grants worth over 912 million rupees. The approval to this effect was granted during a meeting of...
Banks to remain open this weekend to facilitate tax collection
All authorised bank branches will remain open on April 29 and 30 (Saturday and Sunday) and observe extended working hours to facilitate the collection of...
Dar hopes IMF to soon ink staff-level agreement for release of $1.1bn
LAHORE: Pakistan has “fulfilled all the conditions” of the International Monetary Fund (IMF) for the release of the $1.1 billion tranche, Finance and Revenue Minister Senator Ishaq...
Pakistan Railways restores Shalimar Express
LAHORE: The Pakistan Railways (PR) has decided to restore Shalimar Express Train between Lahore and Karachi from May 1, 2023. The Shalimar Express (up and...
K-Electric seeks power tariff hike
The K-Electric has sought a Rs4.49 hike in the power tariff on account of the monthly Fuel Charges Adjustment (FCA) for March in an application...
Five-day banks’ closure on Eid notified
In view of the upcoming religious festival, Eidul Fitr, the State Bank of Pakistan (SBP) issued a notification declaring the five-day closure of the banks....
Current Account Surplus of $654m recorded for March: Dar
Finance Minister Ishaq Dar says Current Account Surplus of 654 million dollars has been recorded for March 2023. In a tweet today, he said in...
Gold continues upward trend in Pakistan
Gold rates in Pakistan continued to climb on Tuesday as the rupee failed to appreciate significantly. According to data provided by the All Pakistan Sarafa...
PM Shahbaz Sharif hopes IMF agreement to be finalized soon
Islamabad: Prime Minister Shehbaz Sharif has reiterated resolve of the coalition government to steer the country out of the multiple crises it is facing. Chairing...
Oil edges up as China’s economy gathers pace
SINGAPORE: Oil prices firmed slightly early on Tuesday, after falling 2% in the previous session, as stronger economic data from the world’s largest crude importer...
Gold price rises in Pakistan
A day after witnessing a major drop, the price of gold rose once again in Pakistan on Monday in line with the rupee’s depreciation. According to data...
Govt releases Rs129bn for development projects under PSDP
ISLAMABAD: Despite financial constraints and disruptions caused by super floods last year, the government has released Rs 129 billion for development projects under Public Sector...
PM Shehbaz orders massive crackdown against hoarders, profiteers
Lahore: Prime Minister Shehbaz Sharif has ordered a major crackdown against sugar smuggling, hoarding and profiteering. Chairing a high-level meeting in Lahore on Sunday, the...
OGRA Increases LPG price By Rs 10 per Kg
Islamabad: Oil and Gas Regulatory Authority (OGRA) has increased Liquefied Petroleum Gas (LPG) prices by Rs 10 per Kg. The petroleum products regulatory authority has...
Pakistan govt policies adopted recently go in the right direction: Director IMF
`WASHINGTON: The International Monetary Fund (IMF) has said that it’s working ‘hand-in-hand’ with Pakistan and its bilateral donors to ensure that Islamabad gets the financial...
IMF welcomes announcements of financial aid to Pakistan by its friendly countries
Islamabad: The international Monetary Fund (IMF) has welcomed recent announcements of financial aid to Pakistan from its friends countries. In an early morning statement, Nathan...
OGRA advises two suggestions to govt for petroleum prices for next fortnightly
Islamabad: The decision for increasing or decreasing or unchanged prices of petroleum products for next fortnightly from April 16 to 30 will be decided today....
Gold price soars to record high of Rs218,600 per tola
Gold prices in Pakistan jumped to an all-time high on Friday, days after the precious metal breached the Rs218,000-mark for the first time. The price...
Chinese bank to give $300 million to Pakistan today: Ishaq Dar
The Industrial and Commercial Bank of China (ICBC) is set to give Pakistan $300 million today in a move that will boost the country’s foreign...