Govt decides to impose windfall tax on profits of banks on IMF condition
Islamabad: The government has decided to impose a windfall tax of unto 40 percent on the profits of the banks in the country on the...
Per tola Gold price increases by Rs 2000
Karachi: The gold prices continued to increase on consecutive third day of business week as a price of per tola gold increased by Rs 2000...
Staff level agreement with Pakistan, IMF to be done in current week: MD IMF
Washington: Managing Director (MD) International Monetary Fund (IMF) Kristalina Georgieva has expressed hope that a staff level agreement with Pakistan for next tranche to be...
Positive trend at PSX in morn session as its gains 88 points
Karachi: The Pakistan Stock Exchange (PSX) onset of trading remained positive on third day of business week on Wednesday. The PSX gained 36 points in...
US dollar devalues by 17 paisas in Inter-bank market today
Karachi: The US dollar devalued by 17 paisas on Wednesday in the inter-bank market today. The greenback is trading at Rs 287. 17. On the...
UK announces doubling investment in Pakistan to tackle climate change
Islamabad: United Kingdom has announced to double its investment in Pakistan to tackle climate change, enhance climate resilience, and promote adaptation. The announcement was made...
Talks B/W IMF and govt financial team concluded today
Islamabad:The policy level negotiations between the International Monetary Fund (IMF) and the government financial team concluded today. Finance Minister Shamshad Akhtar lead the Pakistan’s team...
Gold prices consecutively increased on 2nd day by Rs 1000 per tola
Karachi: The gold price continued to increase consecutively second day on Tuesday as per tola gold price increased by Rs 1000 per tola and per...
US dollar price increasing streak continues as 45 paisas increase in inter-bank market
Karachi: The US dollar price increasing streak continued on Tuesday as 45 paisas of an uptick reported in the inter-bank market. Now the greenback is...
PSX witnesses mixed trend today as 100 Index loses 32 points
Karachi: The Pakistan Stock Exchange (PSX) on Tuesday witnessed mixed trend as the 100 index reached 56,490 with a loss of 32 points. Yesterday the...
Gold prices increase by Rs 800 per tola
Karachi: An uptick of Rs 800 in per tola gold reported on Monday while gold is being sold at Rs 2,11800. Whereas Rs 686 also...
Dollar appreciates against rupee by Rs 1 in open market
Karachi: The US dollar appreciation against Pakistani rupee continued on Monday, first day of the business week, as Rs 1 increased in the price of...
PSX achieves another milestone as it crosses 56000 limit
Karachi: Pakistan Stock Exchange (PSX) on Monday first day of business week became super bullish and it surpassed 56000 limit of PSX. The market has...
Rise and fall of Gold prices continue as Rs 1300 increase in per tola price
Karachi: A fluctuation of rise and fall of prices of Gold is continued in the gold market on Friday, the last day of business week....
IMF demands enaction of strict policy for prevention of money laundering, suspected transactions
Islamabad: The International Monetary Fund (IMF) has demanded an enaction of a strict policy to avoid money laundering and suspected transactions under the guise of...
Half-rupee increases in US dollar price in open market during Forex-Morn session
Karachi: The US dollar uptick trend continued at currency markets on Friday today as a half-rupee increased in it in the open market. The greenback...
Pakistan receives 2.5 bln dollar remittances in Oct: SBP
Karachi: The Overseas Pakistanis in the last month of October this year sent remittances of a whopping 2.5 billion dollars, said the State Bank of...
Bullish trend more speeds up as 100-index crosses 55,000 mark
Karachi: Bullish trend more speed up at Pakistan Stock Exchange (PSX) on Friday, last business day, as the 100-Index crossed limit of 55,000 after gaining...
Notification issued for businesses given exemption from Nov 10 holiday
Lahore: A notification has been issued regarding various businesses given exemption from holiday on November 10. As per the notification issued by the primary and...
Caretaker PM calls for making ECO more vibrant, efficient
Tashkent: Caretaker Prime Minister Anwaar-ul-Haq Kakar has stressed for making Economic Cooperation Organization (ECO) more vibrant and efficient through accelerated reforms to realize its full...
Gold prices decrease by Rs 2400 per tola
Karachi: The precious metal once again turned inexpensive after a reduction of Rs 2400 per tola and lowered down to Rs 2, 11, 800. On...
Caretaker PM arrives at Tashkent Convention Center to attend ECO Summit
Tashkent: Caretaker Prime Minister Anwaar-ul-Haq Kakar has arrived at Tashkent Convention Center to attend the 16th Summit of Economic Cooperation Organization (ECO). In his address...
IMF demands to impose taxes on retailers, agriculture and real estate sectors
Islamabad: The International Monetary Fund (IMF) has demanded to impose taxes on general store commodities, agriculture and real states sectors. In an ongoing technical level...
Gold prices reduce in local, international market
Karachi: Gold prices are volatile these days as someday it takes uptick while next day it faces decrease. Gold per tola prices on Monday decreased...
IMF demands submission of latest report over govt-run enterprises losses in talks with Pakistan
Islamabad: The International Monetary Fund (IMF) review mission visiting Pakistan has called the current year first quarterly latest report over the losses of government enterprises....
Solangi assures coop to Chinese companies in developing understanding in areas of mutual interests
ISLAMABAD: Caretaker Minister for Information and Broadcasting Murtaza Solangi here on Monday said that as China-Pakistan cooperation was proceeding to greater depths, the Ministry of...
PSX saw super bullish trend as it crosses 53000 limit after six and half years
Karachi: The Pakistan Stock Exchange on last day of business week on Friday witnessed a super bullish trend as the 100-index crossed a limit of...
FBR held first round of technical talks with IMF mission
Islamabad: Federal Board of Revenue (FBR) on Friday held first technical talks meeting with the International Monetary Fund (IMF) mission visiting Pakistan. The FBR in...
PSX achieves milestone for the first time in the history as it crossed 53000 limits
Karachi: The country economy is on the path of progress as Pakistan Stock Exchange (PSX) on Friday after six years crossed its limit of 53000....
Gold price increases by Rs 1100 per tola
Karachi: The prices of precious metal once again on the rise on Friday as per tola price increased by Rs 1100 and reached Rs 2,14,400....
Dollar is on rise as 50 paisas increases in open market
Karachi: The US dollar on a rise in the open market as 50 paisas increased. The greenback is trading on Rs 285. Yesterday, the US...
Pakistan ensures IMF for implementation on 3 bln dollars program
Islamabad: Pakistan has given ensured to implement complete program of a sum of three billion dollars to the visiting mission of the International Monetary Fund...
Bullish trend continues at PSX as it gains 35 points
Karachi: A bullish trend is continued at the Pakistan Stock Exchange (PSX) as it gained 35 points. The PSX is being traded at 52, 378....
Dollar appreciates in open market by Rs 1
Karachi: The US dollar appreciated Rs one in the open market today. After an uptick of Rs one the dollar is being traded at Rs...
Govt economic team introductory Session with IMF mission continues at finance ministry
Islamabad: The International Monetary Fund (IMF) mission introductory session is continued at the Finance Ministry. Initially reports based on implementation on targets have been presented...
Per tola Gold price decreases by Rs 1200 today
Karachi: Declining trend gripped Gold prices in the country today s per tola gold price reduced by Rs 1200 today and is being sold at...
New gas tariff to be effective from Nov 1; Petroleum Division clarifies
ISLAMABAD: The Petroleum Division (PD) of the Energy Ministry on Wednesday rejected a news item appearing in a section of media about the effectiveness of...
Us dollar started to increase as 53 paisas appreciated in inter-bank
Karachi: The US dollar started to increase again as it appreciated by 53 paisas in inter-bank market today. The greenback is trading at Rs 282...
PSX continues to be bearish on start of trade as market crosses 52,000 points
Karachi: Pakistan Stock Exchange (PSX) on third day of business week is remained bullish as market crossed its limits of 52,000 after a hiatus of...
Gas prices increased in greater national interest: Energy Minister
Islamabad: Caretaker Minister for Power and Petroleum Muhammad Ali says decision to increase gas tariff was taken in the greater national interest. Addressing a news...
Petition filed in NEPRA to hike electricity price by 55 paisas under fuel adjustment charges
ISLAMABAD: Central Power Purchasing Agency (CPA) has filed petition in the National Electric Power Regulatory Authority (NEPRA) to raise electricity prices by 55 paisas under...
PSX kicks off with bullish trend today as market gains 52 points
Karachi: Pakistan Stock Exchange (PSX) on Tuesday is trending positively as the market climbed to 51, 535 points after addition of 52 points. Yesterday the...
Dollar increases by five paisas in inter-bank market
Karachi: The dollar rate increases by five paisas in the inter-bank market on Tuesday. At the moment, the greenback is trading at Rs 281. Interbank...
Sugar price decreased , new retail price fixed at Rs. 130 per kg.
Karachi: Commissioner Karachi has issued notification of wholesale and retail prices of sugar. whole sale price fixed Rs. 123 per kg and the retail price...
Chances of getting big relief in petroleum prices not likely for next fortnightly
Islamabad: Expectation of a big relief getting from petroleum products has diminished for next fortnightly. It is likely that petroleum products will be reduced minutely...
SBP announces to retain interest rate at 22 percent
Islamabad: The State Bank of Pakistan on Monday decided to retain interest at 22 percent. The SBP declared the interest rate as it issued monetary...
Gold prices fall again as per tola price reduces by Rs 1200
Karachi: Gold prices once again decreasing as Rs 1200 reduced in per tola gold today. The one tola gold after decreasing of Rs 1200 lowered...
Supply of fuel starts to PIA after settlement with PSO
Karachi: Supply of fuel to Pakistan International Airlines (PIA) restored on Monday after settling of matters with Pakistan State Oil (PSO). The national carrier is...
Bullish trend at PSX as market crosses 51000 limit at start of trading today
Karachi: The Pakistan Stock Exchange (PSX) showed bullish trend on first day of the week today at the start of the market as 100 index...
US dollar saw uptick of Rs 1 in open market
Karachi: The US dollar has taken uptick of Rs 1 in open market today.The dollar is trading on 282.50 after addition of Rs 1 in...