US dollar devaluation, Petroleum products prices likely to be reduced in next month: Solangi
Karachi: Caretaker Information Minister Murtaza Solangi has said that with the government efforts the US dollar prices lowered down by Rs 35 in just 15...
Caretaker PM calls on British investors who are keen to invest in financial, capital market of Pakistan’
London: The British investors have expressed their keen interest in exploring promising investment opportunities in the financial and capital market of Pakistan, reflecting a growing...
NEPRA decides to increase electricity rates by Rs 3. 28 under three-month adjustment
Islamabad: National Electric Power Regulatory Authority (NEPRA) has decided to increase electricity prices by Rs 3.28 under a three-month adjustment. The NEPRA has sent its...
Hike in petroleum products consequences surface as inflation rate increases to 0.93 percent
Karachi: The consequence of hike in petroleum products started to surface as a weekly inflation rate increased by 0.93 percent. With this inflation rate, yearly...
Govt starts implementing IMF conditions as it commences closing banks running at a loss
Islamabad: The caretaker government has started implementation on the International Monetary Fund (IMF) conditions as it has taken action against three banks who are running...
Rupee appreciation continues in inter-bank and open market
ISLAMABAD: Pakistani Rupee on Friday witnessed the 14th consecutive recovery session as it gained Rs 1.01 against the US dollar in the interbank trading and...
Bullish trend continues at PSX as it gains 219 points
ISLAMABAD: The 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Friday and gained 219.02 points, showing a positive change of 0.47...
Inefficient SOEs inflict Rs 500b loss to national kitty in 2022: Shamshad Akhtar
ISLAMABAD: Owing to inefficiencies and mismanagement, the deficient State-Owned Enterprises (SOEs) incurred overall losses of around Rs 500 billion to the national exchequer during last...
Recovery of Rupee continues as it gains Rs 1.11 against US Dollar
ISLAMABAD: Pakistani Rupee on Thursday witnessed 13th consecutive recovery session as it gained Rs 1.11 against the US dollar in the interbank trading. The dollar...
PSX grips bullish trend as it gains 312 points
ISLAMABAD: The 100-index of the Pakistan Stock Exchange (PSX) turned around on Thursday and gained 312.55 points, showing a positive change of 0.68 per cent,...
Over invoicing of Rs 69 billions revealed in import of solar panel
Islamabad: An over invoicing of Rs 69 billions has been revealed in an import of solar pannel. Federal Board of Revenue (FBR) apprised the senate...
PSX declines by 20.89 today
ISLAMABAD: The 100-index of the Pakistan Stock Exchange (PSX) declined by 20.89 points on Wednesday, showing a negative change of 0.05 per cent, closing at...
Rupee witnesses 12th consecutive recovery session as it gains Rs1.02 against dollar in interbank
Karachi: Pakistani Rupee on Wednesday witnessed 12th consecutive recovery session as it gained Rs1.02 against the US dollar in the interbank trading and closed at...
Dollar rates in Open Market turn puzzle
Karachi: The USA dollar rates on Wednesday became a riddle as difference of Rs 1 erupted in open market between Exchange Companies Association (ECA)and Forex...
Oil Tanker Association closes country wide distribution of oil over hike in petroleum products
Islamabad: All sections of life have been staging protest over an uptick in petroleum products. Oil Tanker Association has closed distribution of oil all around...
Bullish trend witnessed at PSX as it gains 49.67
ISLAMABAD: The 100-index of the Pakistan Stock Exchange (PSX) on Monday gained 49.67 points, a positive change of 0.11 percent, closing at 45,803.19 points. A...
Petrol Diesel Aftershocks: Transporters increase fares high handedly around the country
Karachi\Lahore\Rawalpindi\Quetta: After an increase in petroleum prices aftershocks started as transporters high handedly raise the fares. The fares have seen uptick of 15 to 20...
Caretaker govt completely failed to provide relief to masses
Islamabad: The caretaker government completely failed to provide relief to people of the country as in just one month prices of petrol and diesel increased...
Strict drive against power theft in the country yielding fruitful results: Muhammad Ali
Islamabad: Caretaker Minister for Energy, Power and Petroleum, Muhammad Ali has said that the interim government has launched a strict drive against power theft in...
Bullish trend witnessed today at PSX it gains 59 points
ISLAMABAD: The 100-index of the Pakistan Stock Exchange (PSX) on Thursday gained 59.13 points, a positive change of 0.13 percent, closing at 45,650.06 points. A...
OGRA prepares summary to uptick petrol price by Rs 20 per liter
Islamabad: The Oil and Gas Regulatory Authority (OGRA) has prepared a working paper for un uptick in petroleum products. The OGRA has suggested a Rs...
US dollar reverse gear continues in both open and Inter-bank markets
Karachi: The US dollar reverse gear continued on Thursday as it decreased by Rs 3 in open market while the greenback also reduced in inter-bank...
SBP announces monetary policy for next two moths, retains interest rate at 22 percent
Karachi: State Bank of Pakistan on Thursday announced monetary policy for next two months. The SBP Monetary Policy Committee (MPC) has decided to retain interest...
Pakistani Rupee gains Rs1.06 against US dollar in interbank trading
ISLAMABAD: Pakistani Rupee on Wednesday gained Rs1.06 against the US dollar in the interbank trading. The dollar closed at Rs298.82 against the previous day’s closing...
PSX turns bullish after two days of being bearish as gains 82 points
ISLAMABAD: The 100-index of the Pakistan Stock Exchange (PSX) on Wednesday gained 82.53 points, a positive change of 0.18 percent, closing at 45,590.93 points ....
IMF demands do more from power sector
Islamabad: The International Monetary Fund (IMF) had demanded do more for power sector while the international lender demanded a written agreement with a five conditions....
Dollar downward trend continues as rupee closes at 299.89 against US dollar in interbank market
Karachi: The downward trend of dollar continued on Tuesday as rupee closes at 299.89 against US dollar in the interbank market. This is lowest greenback...
Crackdown continues against electricity theft without any discrimination: Minister for Energy, Power
KARACHI: Caretaker Federal Minister for Energy, Power and Petroleum Mohammed Ali on Monday said that discussions were underway with the International Monetary Fund (IMF) to...
Task force to determine sizes of federal, provincial governments: PM Kakar
Islamabad: Prime Minister Anwaar-ul-Haq Kakar Sunday said a task force headed by the finance minister would determine sizes of federal and provincial governments, look at...
SIFC meeting vows to curb smuggling, hoarding, market manipulations
Islamabad: Apex Committee of the Special Investment Facilitation Council has unanimously decided to deal with the menace of smuggling, hoarding and market manipulations with iron...
Finance Minister lauds World Bank’s efforts for Pakistan’s economic stability
Islamabad: Caretaker Finance Minister Dr. Shamshad Akhtar has reiterated that Pakistan values its development partnership with World Bank. Talking to Country Director World Bank Najy...
3rd day of Business suspension b\w Pak-Afgh due to Torkham border closure
Torkham: A border crossing at between Pakistan and Afghanistan has been closed for three days after exchange of firing between two countries over a construction...
FBR in various actions caught various smuggled things of worth billion of Rupees
Islamabad: Federal Board of Revenue (FBR) in a various actions have taken into its custody smuggled commodities worth of Rs 2.25 billion, the FBR said...
Consultations underway with IMF for relief to electricity consumers: Murtaza Solan
Caretaker Minister for Information and Broadcasting Murtaza Solangi has said that consultations with the International Monetary Fund are underway for provision of relief to the...
Business community respond to govt plan to close markets early
Islamabad: Traders and business community have demanded to set the timings for business and trade for good. The business community and traders have responded on...
Govt send electricity saving plan of closing markets after maghrib to provinces
Islamabad: Federal government has sent a plan, which previous governments tried but not implemented, once again that suggesting closing of markets after magrib prayers through...
Good news for masses as flour prices likely to decrease by Rs 15 to 20 soon
Islamabad: The people of Pakistan exhausted with inflation have a good news for them it is likely that the flour prices could be decreased by...
Zafar Paracha welcomes COAS Munir assurance to business community for correcting economy
Karachi: Exchange Companies Association (ECA) secretary Zafar Paracha has said that Army Chief Syed Asim Munir assurance to correct the economy of the country during...
Notification regarding ban on 5000 currency was fake: Murtaza Solangi
ISLAMABAD: Caretaker Federal Minister for Information and Broadcasting Murtaza Solangi said on Thursday that notification regarding the ban on Rs 5,000 currency notes was fake....
Gold price falls by Rs 5,800
ISLAMABAD: The per tola price of 24 karat gold decreased by Rs.5,800 on Thursday and was sold at Rs. 216,500. The price of 10 grams...
Pakistani rupee gains Rs 2.03 against dollar in inter-bank market
ISLAMABAD: The Pakistani Rupee on Thursday gained Rs2.03 against the US dollar in the interbank trading and closed at Rs304.94 against the previous day’s closing...
Karachi Trader, business community announces movement against Inflation From September 8
Karachi: Traders and business community of Karachi have once again announced to take to streets. The traders and business community have agreed to stage a...
Per tola gold price decreases by Rs 10,500 today
Karachi: Gold prices started to decrease after reduction in dollar prices as per tola price of gold fallen down to Rs 10,500 today. The per...
PSX gains 316 points on rupee’s recovery in open market
Karachi: The Pakistan Stock Exchange (PSX) witnessed a positive session on Wednesday, as a late-session buying spree on the back of rupee gaining ground in...
Dollar hoarders got forceful push as it decreased by Rs 20 in open market in two days
Karachi: Hoarders of the USA dollar got a forceful push as the greenback rate in the open market declined by Rs 20. The dollar lowered...
caretaker government announces measures to curb power theft across the country.
Islamabad: The caretaker government on Wednesday announced several measures to curb power theft across the country. The measures have been taken in a bid to...
LHC prohibition order declared reason behind rise in sugar price: secret report
Lahore: Hoarders has gotten illegal benefit from the court orders as a secret report on rise of price in sugar submitted to the Punjab government....
Pakistan approaches IMF again with new plan for giving relief in inflated bills
Islamabad: Pakistan has approached the International Monitory Fund (IMF) once again for a relief in inflated bills. Pakistan has decided to use more than Rs...
Executive Committee of SIFC meeting held to remove bottlenecks, improve investment environment in country
Islamabad: The 4th meeting of Executive Committee of Special Investment Facilitation Council was held in Islamabad with the objective to remove bottlenecks and improve overall...
Gold prices decline in local and international market today
Karachi: Per tola price of Gold decreased by Rs 6,300 after which per tola precious commodity prices declined to Rs 2, 32, 800. Meanwhile, price...