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IMF’s accentuating Pakistan to capitalize hard-won stability doable: Capital Calling

Abuzar UsamaMay 8, 2024May 8, 2024

May 8, 2024May 8, 20240333

ISLAMABAD: Capital Calling, an Islamabad-based think tank has supported the statement of Deputy Managing Director of the International Monetary Fund (IMF), Antoinette Sayeh which has...

KP Govt starts wheat procurement in province

Abuzar UsamaMay 7, 2024May 7, 2024

May 7, 2024May 7, 20240340

Peshawar: Khyber Pakhtunkhwa government has started wheat procurement in the province. The spokesman of Food Department Khyber Pakhtunkhwa while talking to Radio Pakistan’s correspondent Falak...

Dollar depreciates in open market by 29 paisas

Abuzar UsamaMay 7, 2024May 7, 2024

May 7, 2024May 7, 20240319

Karachi:Pakistani Rupee on Tuesday gained 11 paisas against the US dollar in the inter-bank trading and closed at Rs 278.11. Moreover the dollar also depreciated...

Mix trend witnessed at PSX as 100 index closed at 72,761 points

Abuzar UsamaMay 7, 2024May 7, 2024

May 7, 2024May 7, 20240411

ISLAMABAD:The 100-Index of the Pakistan Stock Exchange (PSX) witnessed mixed trend on Tuesday, with a nominal loss of 3.04 percent, closing at 72,761.20 points. A...

Federal Minister says, Government intends to introduce pension reforms

Muhammad ibrahimMay 7, 2024May 7, 2024

May 7, 2024May 7, 20240445

ISLAMABAD: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb said that the government aims to introduce pension reforms as it plans structural reforms, ahead...

Pakistan likely to receive $ 8 billion from World Bank

Muhammad ibrahimMay 7, 2024May 7, 2024

May 7, 2024May 7, 20240402

ISLAMABAD: The Pakistan expected to receive $8 billion from the IMF through the Country Partnership Strategy (CPS) Policy Framework. Pakistan has restarted negotiations with the...

PM assures his govt blanket support to the Saudi investment

Abuzar UsamaMay 6, 2024May 6, 2024

May 6, 2024May 6, 20240376

ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif on Monday assured his government’s blanket support to the Saudi investment, enabling the investors and businessmen to accomplish their...

Saudi Arabia evinces interest, trust in Pakistan’s economy: Jam

Abuzar UsamaMay 6, 2024May 6, 2024

May 6, 2024May 6, 20240374

Islamabad: Minister for Commerce Jam Kamal Khan says Saudi Arabia has evinced interest and trust in economy of Pakistan. Addressing a news conference along with...

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PSX witnesses bullish trend, gains 862 points

Abuzar UsamaMay 6, 2024May 6, 2024

May 6, 2024May 6, 20240300

ISLAMABAD:The 100-Index of the Pakistan Stock Exchange (PSX) witnessed bullish trend on Monday, gaining 862.15 points, a positive change of 1.20 percent, closing at 72,764.24...

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Dollar up by 18 paisas in Open Market today

Abuzar UsamaMay 6, 2024May 6, 2024

May 6, 2024May 6, 20240349

ISLAMABAD: Pakistani Rupee on Friday shed 03 paisas against the US dollar in the inter-bank trading and closed at Rs 278.23. Meanwhile the US dollars...

Pak, Saudi Arabia should work together to move towards diversification of economy, value addition: Musadik

Abuzar UsamaMay 6, 2024May 6, 2024

May 6, 2024May 6, 20240283

Islamabad:Minister for Petroleum Musadik Masood Malik emphasized that the private sector of both Pakistan and Saudi Arabia should work together to move towards diversification of...

Govt committed to facilitate private sector to take country towards export led growth: Finance Minister

Abuzar UsamaMay 6, 2024May 6, 2024

May 6, 2024May 6, 20240274

Islamabad: Finance Minister Muhammad Aurangzeb expressed the government’s commitment to fully facilitate the private sector to take the country towards export led growth. Addressing inaugural...

Pakistan’s progress on tobacco taxation still falls short of WHO guidelines

Abuzar UsamaMay 6, 2024May 6, 2024

May 6, 2024May 6, 20240360

Islamabad: Pakistan has made significant progress in raising tobacco taxes but the country still falls short in fully implementing World Health Organization (WHO) recommendations aimed...

ECC meeting called on Tuesday in Chair of Finance Minister

Abuzar UsamaMay 6, 2024May 6, 2024

May 6, 2024May 6, 20240270

Islamabad: The cabinet’s Economic Coordination Committee (ECC) has been called on Tuesday. Finance Minister Muhammad Aurangzeb will preside the meeting. Sources said that it is...

Gold price up by Rs2500 per tola

Muhammad ibrahimMay 6, 2024May 6, 2024

May 6, 2024May 6, 20240306

KARACHI: The price of gold in Pakistan has increased by Rs 2500 per tola. According to All Pakistan Gems and Jewelers Association, the price of...

KP to purchase wheat worth Rs29bn from farmers.

Muhammad ibrahimMay 6, 2024May 6, 2024

May 6, 2024May 6, 20240348

Peshawar: The Khyber Pakhtunkhwa government has decided to purchase 0.3 million metric tons of wheat worth Rs29 billion from the farmers. The Provincial Chief Secretary...

Kissan Ittehad Chairman writes letter to President, PM over wheat scandal

Abuzar UsamaMay 5, 2024May 5, 2024

May 5, 2024May 5, 20240330

Lahore: Chairman Kisan Ittehad Khalid Khokhar has penned a letter to President Asif Zardari and Prime Minister Shahbaz Sharif. In this letter he apprised that...

SPDC and WHO Proposes 37% Tobacco Tax Increase to Save Lives and Boost Revenue

Abuzar UsamaMay 5, 2024May 5, 2024

May 5, 2024May 5, 20240308

Islamabad:The Social Policy Development Centre (SPDC) has proposed 37% increase in Federal Excise Duty (FED) on tobacco products to reinforce the gains already achieved and...

PM informed about initial details of wheat scandal

Abuzar UsamaMay 5, 2024May 5, 2024

May 5, 2024May 5, 20240327

Islamabad: Prime Minister Shahbaz Sharif has been informed about initial details of the wheat scandal. As per the details, from August 2023 to March 2024...

Kisan Ittehad announces countrywide protest from May 10 over wheat crisis in Punjab

Abuzar UsamaMay 5, 2024May 5, 2024

May 5, 2024May 5, 20240285

Lahore: Farmers patience has crossed limits over the wheat crisis in Punjab as the Kisan Ittehad has announced staging protest all across the country from...

Rise in cigarette prices, 18% Pakistanis quit smoking: CRD Survey

Abuzar UsamaMay 5, 2024May 5, 2024

May 5, 2024May 5, 20240335

ISLAMABAD: Center for Research and Dialogue (CRD), a Pakistan-based think tank in its recent survey has revealed that following significant increase in cigarette prices, 18...

Saudi Arabia’s high level 50 member trade delegation reaches Pakistan

Abuzar UsamaMay 5, 2024May 5, 2024

May 5, 2024May 5, 20240359

Islamabad: Saudi trade delegation for a mutual cooperation of investment has reached Pakistan. Saudi Arabia Deputy Minister investment H-E Ibrahim Ul Mubarak led the 50...

PTA rejects FBR’s demand to block SIMs of non-filers

Muhammad ibrahimMay 5, 2024May 5, 2024

May 5, 2024May 5, 20240370

ISLAMABAD: Pakistan Telecommunication Authority (PTA) has refused FBR to block SIMs of more than 500000 non-filers. The FBR had urged the PTA on April 29...

Sindh govt introduces AFC system for People Bus Service.

Muhammad ibrahimMay 4, 2024May 4, 2024

May 4, 2024May 4, 20240348

KARACHI: The government of Sindh introduced Automated Fare Collection (AFC) system for People Bus Service. Addressing the launching ceremony in Karachi, Sindh Minister for Transport...

Federal Government decided to take legal action against Telcoms operators.

Muhammad ibrahimMay 4, 2024May 4, 2024

May 4, 2024May 4, 20240395

ISLAMABAD: Telecom operators are hindering the process of disabling mobile phone SIM cards for non-filers in Pakistan, and the federal government is planning to take...

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Rupee appreciated by 17 paisas in open market today

Abuzar UsamaMay 3, 2024May 3, 2024

May 3, 2024May 3, 20240338

ISLAMABAD:Pakistani Rupee on Friday gained 10 paisa against the US dollar in the interbank trading and closed at Rs 278.20. Moreover, the US dollar depreciated...

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PSX witnesses bullish trend as 100 index gains 1,244.45 points

Abuzar UsamaMay 3, 2024May 3, 2024

May 3, 2024May 3, 20240277

ISLAMABAD:The 100-Index of the Pakistan Stock Exchange (PSX) turned around to bullish trend on Friday, gaining 1,244.45 points, a positive change of 1.76 percent. A...

Gold rates decrease by Rs 1,400 per tola

Abuzar UsamaMay 3, 2024May 3, 2024

May 3, 2024May 3, 20240345

ISLAMABAD: The per tola price of 24 karat gold decreased by Rs 1,400 and was sold at Rs 239,600 on Friday. The price of 10...

Finance Minister stresses need to enhance Tax-to-GDP ratio

Abuzar UsamaMay 3, 2024May 3, 2024

May 3, 2024May 3, 20240312

Islamabad: Federal Minister for Finance and Revenue, Muhammad Aurangzeb has highlighted the importance of devising strategies to enhance Tax-to-GDP ratio and broaden the tax base...

Huawei beat Apple in China , profit surge 564%

Muhammad ibrahimMay 3, 2024May 3, 2024

May 3, 2024May 3, 20240560

BEIJING: The Tech giant Huawei’s first-quarter profits surged 564%, compared to its competitor brand apple’s sale in China. Huawei has long found itself caught in...

PM takes stern action on wheat purchase scandal, sacks federal secretary food security

Abuzar UsamaMay 2, 2024May 3, 2024

May 2, 2024May 3, 20240375

Islamabad: Prime Minister Shahbaz Sharif taking stern action on a scandal of purchase of additional wheat has sacked Federal Secretary National Food Security Muhammad Asif...

Financial team ordered to complete working on budget before arrival of IMF delegation

Abuzar UsamaMay 2, 2024May 2, 2024

May 2, 2024May 2, 20240369

Islamabad: The International Monetary Fund (IMF) delegation will visit Pakistan in the mid of this month. The Ministry of finance has directed to complete work...

Latest economic reports show positive trajectory of Pakistan’s economy

Abuzar UsamaMay 2, 2024May 2, 2024

May 2, 2024May 2, 20240389

Islamabad: Latest economic reports have shown a positive trajectory of Pakistan’s economy with improved indicators in different sectors especially agriculture. According to statistics for the...

Inflation starts to decrease as it reduces by 0.4 percent in April

Abuzar UsamaMay 2, 2024May 2, 2024

May 2, 2024May 2, 20240343

Islamabad: Inflation started to decrease in the country as it declined by 0.4 percent last month. The Statistic Bureau of Pakistan has issued fact and...

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Rupee gains 01 pasia against US dollar

Abuzar UsamaMay 2, 2024May 2, 2024

May 2, 2024May 2, 20240306

ISLAMABAD:Pakistani Rupee on Thursday gained 01 paisa against the US dollar in the inter-bank trading and closed at Rs 278.30. On the other hand, the...

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PSX on declining path as 100 Index loses 444 points today

Abuzar UsamaMay 2, 2024May 2, 2024

May 2, 2024May 2, 20240351

ISLAMABAD: The 100-Index of the Pakistan Stock Exchange (PSX) witnessed bearish trend on Thursday, shedding 444.91 points, a negative change of 0.63 percent, closing at...

Gold rates decrease by Rs 900 per tola

Abuzar UsamaMay 2, 2024May 2, 2024

May 2, 2024May 2, 20240291

ISLAMABAD: The per tola price of 24 karat gold decreased by Rs 900 and was sold at Rs 241,000 on Thursday. On the other hand,...

FBR strict action against over 0.5 million tax evaders.

Muhammad ibrahimMay 2, 2024May 2, 2024

May 2, 2024May 2, 20240295

ISLAMABAD: The Federal Board of Revenue (FBR) has taken decisive action by blocking the mobile phone SIM cards of non filers across the country. The...

New lot of buses for People Bus Service reach Karachi: Sharjeel

Abuzar UsamaMay 1, 2024May 1, 2024

May 1, 2024May 1, 20240308

Karachi: Sindh Information and Transport Minister Sharjeel Inam Memon has come up with good news for the masses of the provinces and Karachi. According to...

Binance founder is sentenced to 4 months in prison on money-laundering charge

Abuzar UsamaMay 1, 2024May 1, 2024

May 1, 2024May 1, 20240428

Changpeng Zhao, the founder of the world’s leading cryptocurrency exchange, was sentenced on Tuesday to four months in prison after pleading guilty to money-laundering charges...

Int’l Labour Day being observed today

Abuzar UsamaMay 1, 2024May 1, 2024

May 1, 2024May 1, 20240367

Web Desk: International Labour Day is being observed today (Wednesday) with a renewed commitment to upholding workers’ rights. The theme of this year’s day is...

Gold Prices again decline in Pakistan

Muhammad ibrahimApril 30, 2024April 30, 2024

April 30, 2024April 30, 20240589

Karachi: All Sindh Sarafa Association reported that the price of gold recorded a major decline in Pakistan on Tuesday. The price of gold fell by...

Petrol and diesel prices likely to drop from May 1

Muhammad ibrahimApril 30, 2024April 30, 2024

April 30, 2024April 30, 20240570

Islamabad: Petrol and diesel prices are expected to decrease from May 1. The prices of petrol, diesel, and other petroleum products are anticipated to decrease...

IMF approves 1.10 billion dollar last tranche of Stand-by arrangement for Pakistan

Abuzar UsamaApril 29, 2024April 29, 2024

April 29, 2024April 29, 20240367

Washington: The International Monetary Fund (IMF) on Monday approved last tranche of 1.10 billion dollar of three billion dollar completing the stand-by arrangement agreement. The...

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Dollar appreciates in open market by nine paisa

Abuzar UsamaApril 29, 2024April 29, 2024

April 29, 2024April 29, 20240323

ISLAMABAD:Pakistani Rupee on Monday lost 01 paisa against the US dollar in the inter-bank trading and closed at Rs 278.39. Whereas the dollar appreciated by...

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PSX witnessed bearish trend, lost limit of 72,000 benchmark shedding 1,047 points today

Abuzar UsamaApril 29, 2024April 29, 2024

April 29, 2024April 29, 20240549

ISLAMABAD:The 100-Index of the Pakistan Stock Exchange (PSX) witnessed bearish trend on Monday, shedding 1,047.71 points, closing at 71,695.03 points. A total of 613,314,754 shares...

PM invites Malaysian business community to visit Pakistan for enhancing trade, investment relations

Abuzar UsamaApril 29, 2024April 29, 2024

April 29, 2024April 29, 20240369

Riyadh: Prime Minister Muhammad Shehbaz Sharif has invited Malaysian trade and business community to visit Pakistan to discuss enhancing trade and investment relations between the...

SBP decides policy rate unchanged at 22 percent

Abuzar UsamaApril 29, 2024April 29, 2024

April 29, 2024April 29, 20240419

Karachi:The State Bank of Pakistan (SBP) on Monday decided to maintain the status quo by keeping the key policy rate unchanged at 22% for the...

K-Electric demands Rs18.86 per unit increase in tariff

Muhammad ibrahimApril 29, 2024April 29, 2024

April 29, 2024April 29, 20240488

ISLAMABAD: K-Electric has submitted a request to the National Electric Power Regulatory Authority (NEPRA) for an increase in electricity tariffs. The request seeks adjustments to...

Gold price decline by Rs500 per tola

Muhammad ibrahimApril 29, 2024April 29, 2024

April 29, 2024April 29, 20240414

KARACHI: The rate of gold down by Rs500 per tola to Rs.2,43,900 According to All Pakistan Gems and Jewelers Association, the price of gold per...

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