IMF board approval expected to unlock $1 Billion in funding, Muhammad AurangzaibÂ
ISLAMABAD: Federal Minister for Finance Muhammad Aurangzeb has stated that as soon as the IMF Board grants approval, $1 billion will be received. During a...
IMF delegation to start meetings with Pakistani officials on budget from Monday
Islamabad:The The International Monitory Fund (IMF) mission will start meeting Pakistani officials from Monday discussions on the budget for the financial year 2025 -2026. Sources...
PSX could not maintained bullish trend ended losing 146 points
Karachi: The Pakistan Stock Exchange (PSX) could not maintained its bullish trend after achieving milestone and surpassing the psychological barrier of 1,20,000 points during the...
China Responds U.S. tariffs as global reactions intensified
BEIJING: As President Donald Trump’s latest tariff hikes disrupt global trade and markets, countries and industries are scrambling to find ways to respond. In retaliation...
Energy Minister Announces Privatization of 6 Power Distribution Companies
ISLAMABAD: Energy Minister Owais Leghari has announced the privatization of power distribution companies, stating that in the first phase, the privatization of three DISCOs will...
Global crude oil prices plunge by up to 7%
WEB DESK: Oil prices plunged sharply on Thursday, with US crude futures falling 7% to $66.52 a barrel, marking their worst day since July 2022...
China Urges US to Immediately Revoke Latest Tariffs
BEIJING: China has strongly urged the United States to immediately revoke its latest tariffs, with the country’s Commerce Ministry issuing a firm statement warning of...
New power tariffs under PM relief pkg for various domestic, commercial slabs
ISLAMABAD: Prime Minister Shehbaz Sharif has unveiled a major relief package for consumers, slashing electricity prices across various categories. The new rates are set to...
Canada to impose 25% tariff on US vehicle imports
OTTAWA: Anada continued to face tariffs on steel, Aluminum the United States, responding to President Donald Trump’s tariffs, which came into effect on Thursday. Prime...
Power prices reduction also announced under FCA for Karachi and rest of country
Islamabad: Another reduction in electricity prices conducted today, this time under the fuel charges adjustment (FCA) after massive reduction announced by Prime Minister Shehbaz Sharif...
Pakistan’s inflation plunged to historic low of 0.7% in March
ISLAMABAD: Pakistan’s inflation rate continued its sharp decline, reaching a historic low of 0.7% year-on-year (YoY) in March, marking the slowest pace in three decades....
Electricity tariff reduction, PSX reaches all time high
ISLAMABAD: After Prime Minister Shehbaz Sharif announcement of reduction in the electricity tariff today for both domestic and commercial consumers, the KSE 100-Index of the...
Gold rate increase by Rs.500 per tola
KARACHI: The rate of gold increased by Rs.500 per tola. According to the All Pakistan Gems and Jewelers Association, the price of gold per tola...
IMF team to arrive on Friday to consult over budget preparations
Islamabad: A team of the International Monetary Fund (IMF) will arrive the country tomorrow, Friday for consultation over the preparation of the budget for the...
PM announces major relief of Rs 7.41 per unit in electricity bills
Islamabad: Prime Minister Shehbaz Sharif has announced a major relief of Rs 7.41 per unit on electricity for home consumers and  Rs 7. 69 per...
Positive start of trading in Pakistan Stock Market
KARACHI: Pakistan Stock Market kicked off on a positive note today as trading resumed following the Eid holidays. Pakistan Stock Market started positively today as...
Carmakers face uncertainty and challenges as US tariffs loom
WEB DESK: With the United States set to impose hefty tariffs on imported vehicles, car manufacturers are facing tough decisions: raise prices, shrink profit margins,...
OGRA increases price of LPG by Rs 0.54 per kilogram
Islamabad: The Oil and Gas Regulatory Authority (OGRA) on Monday, today, announced an increase in the price of liquefied petroleum gas (LPG). Whereas the revised...
Per tola gold prices cross Rs 325,000 1st time in history
Karachi: The uptick in gold prices on Saturday, today, continued, setting new records in both local and international markets. The price of 24-karat gold per...
Elon Musk sold X to his AI company in $33 billion
California: Tech billionaire Elon Musk’s xAI artificial intelligence firm has acquired his social media company X, formerly known as Twitter, for $33 billion (€30.5 billion)....
Petro price reduced by Rs.1 P/L
ISLAMABAD: The price of petrol has been decreased by Rs.1 per litter for the next 15 days, until April 15. According to a notification issued...
Surge in sugar price intolerable: DPM Dar
ISLAMABAD: Deputy Prime Minister and Foreign Minister Senator Mohammad Ishaq Dar has reaffirmed the government’s dedication to closely monitoring the supply and regulating sugar prices...
Gold price hikes in Pakistan by Rs.2,380 per tola
KARACHI: The rate of gold increased by Rs.2,380 per tola to Rs.323,380. According to the All Pakistan Gems and Jewelers Association, today the price of...
Pakistan to receive $1.3 billion under climate financing: IMF Director
ISLAMABAD: The Director of Communications at the International Monetary Fund (IMF), Julie Kozik, stated that Pakistan will receive $1.3 billion under climate financing. Speaking at...
PSX closes for week-long Eid-ul-Fitr Holidays, celebrating festive spirit
KARACHI: The Pakistan Stock Exchange (PSX) is set to resume trading next Thursday after a week-long break for Eid-ul-Fitr festivities. Typically, Friday marks the end...
Dollar decreased by 12 paisa in interbank market
KARACHI: At the start of business in the interbank market, a decrease of 12 paisa has been recorded in the value of the US dollar...
IMF allows Pakistan Rs1 P/U electricity tariff cut
ISLAMABAD: The International Monetary Fund (IMF) has allowed the Pakistan government to reduce the electricity tariff by Rs1 per unit. The relief will be provided...
Gold price rise again in Pakistan
KARACHI: Today, there was a significant increase in the price of gold, which has now reached a new record level. According to the All Pakistan...
Railway Minister announces hiring 500 railways police personnel
Quetta: Federal Minister for Railways Hanif Abbasi has categorically ruled out any talks with terrorists. Addressing a news conference in Quetta, he vowed to pursue...
Pakistan issuing Panda Bonds to access China’s Capital Market: Finance Minister
Islamabad: Minister for Finance and Revenue Muhammad Aurangzeb has expressed Pakistan’s desire to issue yuan-denominated “panda bonds” this year to deepen its market integration with...
Pakistan intends to prefer Chinese investments, technical support over aid: FINMIN
Islamabad: Finance Minister Muhammad Aurangzeb has said Pakistan intends to prefer Chinese investments and technical support over aid. In an interview with China Global Television...
It will not take long to provide relief to masses in electricity prices: Power Minister
Islamabad: Federal Minister for Energy and power and alternative resources Owais Leghari on Wednesday, today, said that it will not take long to provide relief...
PSX remains bullish gains 1,139 points today
Karachi:The 100-Index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Wednesday, gained 1,139.14 points while closed at 117,772.31 points. A total of...
Gold prices remain unchanged at Rs 317,800 per tola
Karachi:The price of 24 karat per tola gold witnessed no change on Wednesday and was traded at existing rate of Rs.317,800, All Pakistan Sarafa Gems...
PM opposes net monitoring policy for consumers using solar energy
Islamabad: Prime Minister Shehbaz Sharif has opposed a net monitoring policy on consumers using solar. The PM has stopped receiving of additional tax approval in...
Staff-level agreement with IMF marks significant milestone: PM
Islamabad: Prime Minister Shehbaz Sharif says the staff-level agreement with the International Monetary Fund (IMF) marks a significant milestone in further stabilizing Pakistan’s economy. Chairing...
Pakistan Stock Exchange experiences a significant surge
KARACHI: Pakistan Stock Exchange witnesses a remarkable rally, with the index surpassing the impressive milestone of 118,000 points. The Pakistan Stock Exchange experienced a significant...
Pakistan and IMF reached on successful negotiation agreement
ISLAMABAD: Negotiations between Pakistan and International Monetary Fund (IMF) for a loan of $1.3 billion has been successful. The International Monetary Fund (IMF) has announced...
Salik Hussain Urges Stakeholders to Transform OPF into a Profit-Oriented Entity
ISLAMABAD: Chaudhry Salik Hussain, Minister for Overseas Pakistanis and Human Resource Development, presided over a high-level meeting in Islamabad to assess the performance and future...
OCAC claimed smuggling causes decline in petrol, diesel sales in Pakistan
ISLAMABAD: Oil Companies Advisory Council (OCAC) has raised concerns over a decline in petrol and diesel sales due to smuggling, urging the Federal Board of...
Gold price slashes by Rs.800 per tola
KARACHI: After the increase yesterday, today the price of gold has decreased by Rs.800 per tola According to the All Pakistan Gems and Jewelers Association,...
Pakistan’s Finance Ministry predicts inflation climb up to 3% in April
ISLAMABAD: Pakistan’s Ministry of Finance has stated its latest monthly economic outlook, which presents a blend of positive and challenging trends within the economy. The...
CM Punjab conducts draw for prize reward scheme “Gandum Ugao”
Lahore: Chief Minister (CM) Punjab Maryam Nawaz on Tuesday, today, conducted a digital draw for prize reward scheme ” Gandum Ugao” ( Grow wheat) by...
PSX experiences bearish trend, drops 2002 points
KARACHI: A severe decline was observed in the Pakistan Stock Exchange, and the 100 index closed with a drop of more than 2000 points. On...
Gold rate uptick again by Rs.600 per tola
KARACHI: After a two-day decrease, the price of gold has once again risen today by Rs.600 per tola. According to the All Pakistan Gems and...
SBP issues new currency notes to Banks for provision to public on Eid-Ul-Fitr
Karachi: The State Bank of Pakistan (SBP) has issued new currency notes for distribution on Eid Ul Fitr among masses on exchange of old notes....
Umar Farooq Zahoor awarded Crescent of Excellence
WEB DESK: Crescent of Excellence for Umar Farooq Zahoor for bringing $700m direct foreign investment, Zahoor has played crucial role in promoting bilateral economic ties...
PSX shows bullish trend during past week
KARACHI: The Pakistan Stock Exchange (PSX) continued its history-making spree this past week with bulls on accelerator, highlighting positive trends, achieve of several records and...
Gold price drops by Rs.800 per tola
KARACHI: The rate of gold down by Rs.800 per tola in Pakistan According to the All Pakistan Gems and Jewelers Association, the price of gold...
IMF recommends Pakistan to set tax target of 15 tr in next budget
ISLAMABAD: The International Monetary Fund (IMF) has proposed a tax target of over Rs 15 trillion for Pakistan in the next budget, ARY News reported...