Special Economic zone to establishs in South Punjab: Chairman Senate
MULTAN: The Chairman of Senate Yousuf Raza Gillani has stated that a special economic zone will be established in South Punjab. The Senate Chairman Yousaf...
Petrol price likely be fall from May 16
ISLAMABAD: The prices of petroleum products anticipated to take a significant dip effective May 16. In the international market, the price of petrol has witnessed...
CM Punjab calls on German delegation in Lahore.
LAHORE: A delegation of German Company led by its Vice President Benedik Aneselmann met Punjab Chief Minister Maryam Nawaz Sharif. During the meeting they discussed...
Gold rate slightly fall by Rs300 per tola
KARACHI: A decrease in the price of gold has been observed across the country by Rs300 per tola to Rs.243,500 According to Pakistan Gems and...
DPM to pay four days visit to China.
ISLAMABAD: The Deputy Prime Minister and Foreign Minister, Mohammad Ishaq Dar will pay a four day visit to China. Mr Ishaq Dar during his visit...
PM hails MBS upon steps taken for transform the Saudi Arabia.
ISLAMABAD: Prime Minister Shehbaz Sharif has praised Crown Prince Mohammed bin Salman for transforming Saudi Arabia. The Prime Minister comments were a reference to the...
Taxing cigarettes indispensable for public, economic health
ISLAMABAD: Pakistan has a “difficult-to-tax economy” and limited revenue generation options but the International Monetary Fund (IMF) has declared taxing cigarettes and other non-essential items...
Pak economic conditions going towards betterment as IMF issues report on Pakistan economy
Islamabad: The International Monetary Fund (IMF) on Friday issued its report over the Pakistan economy. According to the report Pakistani economic conditions are heading towards...
Federal govt approves privatization of 24 institutions
Islamabad: Federal government has approved privatization of 24 institutions. Deputy Prime Minister Ishaq Dar chaired privatization committee meeting on Friday. The institutions are going to...
Short-term inflation eases by 1.39 percent
ISLAMABAD:The weekly inflation measured by the Sensitive Price Indicator (SPI), witnessed a decrease of 1.39 per cent for the combined consumption groups during the week...
US dollar up by 14 paisas in open market today
Karachi: The US dollar value up by 14 paisas in the open market today and reached Rs 279.25. On the other hand, the dollar depreciates...
PSX achieves milestone as 100 Index crosses 73000 points
Karachi: The Pakistan Stock Exchange was bullish today and it has achieved the milestone of 73,000 points. The KSE-100 Index closed today at 73,085.50 points...
PM for trade policies to facilitate businesses, enhance export competitiveness
ISLAMABAD: Prime Minister Shehbaz Sharif on Friday directed the authorities concerned to formulate the trade policies with a core objective of facilitating the business sector,...
FBR warns PTA, mobile phone companies of legal action if non-filers SIMs not shut till May 15
Islamabad: Federal Board of Revenue (FBR) has taken a firm stand against non-filers as it warned the mobile phone companies if non-filers SIMS were not...
FIA foils a smuggling attempt of mobile at Islamabad airport.
ISLAMABAD: The Federal Investigation Agency (FIA) immigration foiled a smuggling attempt of mobiles from a passenger who arrived at Islamabad airport from Dubai. The Federal...
PSX witnesses remarkable gains, 100 index crossed the 73000 mark
KARACHI: The Pakistan Stock Exchange seen to be bullish trend, 100 index crossed the 73000 points. On the last day of the business week in...
Gold rate shoot up by Rs.4600 per tola
KARACHI: The gold rate huge increased by Rs.4600 per tola to Rs.243,800 In the gold market, with the increased of Rs.4600, the price of gold...
Call for Tobacco Tax Increase to Safeguard Child Rights and Public Health
Islamabad: Health activists have called for an immediate increase in tobacco taxes in Pakistan to protect the rights and health of children and the general...
PSO Wants to Swap Debt for Stake in Public Sector Companies
Karachi: Pakistan State Oil is in talks with the federal government over a plan to acquire stakes in public sector energy companies in a bid...
Ahsan Iqbal calls on officials of leading chinese companies.
ISLAMABAD: The federal minister Ahsan Iqbal met with the top officials of 3 leading Chinese companies. As per details, the federal minister held a meeting...
PSX witnesses mixed trend, while morning session start on a positive note.
KARACHI: The Pakistan Stock Exchange seen to be mixed trend on the second last day of business week. In the initial hours of trading, the...
Record Rs 500 to 600 reduction in flour prices reported in Punjab
Lahore: A record reduction in flour prices happened in Punjab as a 10 Kg sack has cheaper by Rs 500 to 600. On the other...
CM Sindh announces buying 9 lakh ton wheat
Karachi: Chief Minister Sindh Syed Murad Ali Shah has announced buying nine lakh ton wheat. The CM said that where there is need the provincial...
Energy sector circular debt climbs to Rs 2300 bln
Islamabad: Circular debt of energy sector has climbed to a whopping amount of Rs 2300 billion. The payable amount to International Power Producers (IPPs) also...
K-electric prepares to fall electricity on Karachi consumers as it demands 9 months hike under FAC
Karachi: Preparations ready to fall electricity on the consumers of Karachi as the K-electric has requested hike in the electricity prices under the fuel adjustment...
NEPRA upticks electricity price by Rs 2.83 under fuel adjustment charges
Islamabad: The National Electric Price Regulatory Authority (NEPRA) on Wednesday uptick electricity prices by Rs 2.83 per unit under the fuel adjustment charges. The NEPRA...
Gold price decreases by Rs 800
ISLAMABAD: The per tola price of 24 karat gold decreased by Rs 800 and was sold at Rs. 239,200 on Wednesday. According to the all...
Bearish trend prevails at PSX as 100 index sheds 159 points
ISLAMABAD:The 100-Index of the Pakistan Stock Exchange (PSX) Wednesday witnessed bearish trend and shed 159.38 points, a negative change of 0.22 percent, closing at 72,601.82...
Dollar value up by five paisas in open market
ISLAMABAD: Pakistani Rupee on Tuesday gained two paisas against the US dollar in the inter-bank trading and closed at Rs 278.10. Moreover the dollar appreciated...
IMF’s accentuating Pakistan to capitalize hard-won stability doable: Capital Calling
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
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
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
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
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
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
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
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...
PSX witnesses bullish trend, gains 862 points
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...
Dollar up by 18 paisas in Open Market today
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
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
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
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
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
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.
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
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
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
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
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
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...