PSX for first time this year crossed limit of 48,000
ISLAMABAD: The 100-index of the Pakistan Stock Exchange (PSX) first time this year crossed limit of 48,034.60 points on first day of business week as...
OGRA Increases LPG price for month of August
Islamabad: After electricity, gas now government has burdened the masses by increasing price of Liquified Petroleum Gas (LPG). Oil and Gas Regulatory Authority (OGRA) has...
US dollar increases by 0.19 paisa in inter-bank market
Karachi: The US dollar has stabilized on Rs 291 while in inter-bank market the greenback has increased by Rs. 0.19 paisa. Interbank closing #ExchangeRate for...
Pak, China reaffirms to continue working to realize shared objectives of CPEC
Islamabad: Pakistan and China have agreed on the centrality of CPEC for Pakistan’s socio-economic development and expressed their firm resolve to continue working together for...
SBP announces to retain interest rate at 22 percent
Karachi: State Bank of Pakistan (SBP) on Monday announced to retain interest at 22 percent. Governor SBP Jameel Ahmed has announced the interest rate while...
US dollar increases by Rs 1 in Open Market
Karachi: The US dollar has increased by Rs 1 while in inter-bank market the greenback has decreased by Rs. 0.5 paisa. The dollar is trading...
PSX achieves milestone this year as 100 Index crosses 48000 limit
Karachi: Pakistan Stock Exchange (PSX) on first day of week on Monday for the first time in 2023 achieved a milestone as 100 Index crossed...
Economic, diplomatic ties between Pakistan, China to touch new heights: Dar
Islamabad: Finance Minister Ishaq Dar has expressed the confidence that economic and diplomatic ties between Pakistan and China will touch new heights in the time...
Pakistan, UAE vow to further strengthen their economic ties
Abu Dhabi: Pakistan and the United Arab Emirates have reaffirmed the resolve to further strengthen their economic ties. This came at a meeting between Foreign...
Foreign exchange reserves swells from 8 Bln dollars to 14 Bln dollars
Islamabad: The Senate was told today that foreign exchange reserves of Pakistan have swollen from eight billion dollars to around 14 billion dollars due to...
Federal Govt imposes ban on single use plastic items in ICT
Islamabad: The Federal government has imposed ban on single use plastic items in the Islamabad Capital Territory (ICT). According to a notification issued in this...
Industrial zone in Hyderabad, Economic zone in Khairpur are being set up: Sharjeel
Karachi: Sindh Information and Transport Minister Sharjeel Inam Memon on Thursday announced that an industrial zone is being constructed in Hyderabad. Holding a presser today,...
Balochistan’s development at par with other provinces inevitable: PM
GWADAR: Prime Minister Shehbaz Sharif on Thursday said that the development of Balochistan at par with other provinces was inevitable, which faced “criminal negligence” during...
MoU signed for establishment of Greenfield Refinery in Pakistan
Islamabad: In a historic collaboration, four leading Pakistani state-owned companies would join hands for Greenfield Refinery project at the strategic Gwadar Port in Pakistan. The...
Gold prices increase more than 2000 per tola
KARACHI: Gold prices in Pakistan increased more than Rs2,000 per tola today. As per data issued by All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the...
US dollar declining streak continues as it devalued in both open and inter-bank market today
Karachi: The US dollar declining streak continued on Thursday as it depreciated by Rs 1 in open market and closed at Rs 291. Similarly, the...
PSX outperforms today as market closes at 47,077 points
Karachi: The 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Thursday, gaining 394.47 points, a positive change of 0.85 percent, closing...
China roles over principal amount of $2.4b loan for two years: Dar
Islamabad: Finance Minister Ishaq Dar has said that China has rolled over the principal amount of 2.4 billion dollars loan for two years. Chinese EXIM...
PSX crosses 47000 mark after 21 months
Karachi: Pakistan Stock Exchange (PSX) on Thursday turned bullish as it crossed 47000 mark after 21 months owing to the International Monetary Fund (IMF) deal...
Karachi is the gate to development of Pakistan: PM
Karachi: Prime Minister Muhammad Shehbaz Sharif distributed awards among exporters and industrialists at a ceremony organized by Karachi Chamber of Commerce and Industry in Karachi...
ECC approves Rs985mln for Utility Stores Corporation
Islamabad: The Economic Coordination Committee of Cabinet has approved 985.43 million rupees spent by the Utility Stores Corporation under the Prime Minister’s free Atta scheme...
US dollar depreciates in Inter-bank, open market
Karachi: US dollar started to depreciate against as it devalued today in inter-bank market by Rs 1.48 paisa and closed at Rs 287.4 Moreover the...
Bullish trend prevailed at PSX as it gains 265 points
ISLAMABAD: The 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Wednesday, gaining 265.19 points, a positive change of 0.57 percent, closing...
Govt appoints presidents of NBP and ZTBL: Sources
Islamabad: Government has appointed presidents of National Bank of Pakistan and Zarai Taraqiati Bank Limited (ZTBL), sources said. The government has designated Rehmat Ullah Hassni...
Govt agrees to petroleum dealers demand to increase profit margin
KARACHI: The government agreed to increase petroleum dealers profit margin on petroleum products by Rs1.64 per litre, after hours-long negotiations. The government has taken the...
PSX witnesses bullish trend as market gains 134 points
ISLAMABAD: The 100-index of the Pakistan Stock Exchange (PSX) witnessed bullish trend on Monday, gaining 134.08 points, a positive change of 0.29 percent, closing at...
Khanewal Model Agriculture Farm to be inaugurated today
Khanewal: A project of green Pakistan Initiative Khanewal Model Agriculture Farm will be inaugurated today. Prime Minister Shahbaz Sharif and Chief of Army Staf (COAS)...
No federal tax has been imposed or will be imposed on agricultural income: Ishaq Dar
Islamabad: Finance Minister Ishaq Dar has once again made it clear that no federal tax has been imposed or will be imposed on agricultural income....
People facing worst inflation are burdened with increase in basic tariff of electricity
Islamabad: The people of Pakistan who are facing the worst inflation in the country now burdened with per unit electricity of Rs 7.50. The basic...
Ukraine FM calls on Premier vow to enhance bilateral ties in diverse fields
Islamabad: Pakistan and Ukraine have vowed to enhance their bilateral ties in diverse fields including trade, investment, defence, education and culture. The resolve was expressed...
NEPRA rejecting masses opposition gives interim extension to K-electric license
Islamabad: Despite enormous opposition from Karachiites, National Electric Power Regulatory Authority (NEPRA) has given interim extension to K-electric license. The soul distributor of electricity in...
Master piece of vision of Xi Ping, Nawaz CPEC proved to be game changer: Ahsan
Islamabad. A master piece of vision of Chinese President Xi Ping and Nawaz Sharif China Pakistan Economic Corridor proved to be a game changer. Addressing...
Completion of Model Sepcial Economic Zone remained late for five years : PM
ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday reiterated his call for the nation to unite on Charter of Economy to ensure the consistency of economic...
PM directs to establish one window operation facilitation centers to resolve exporters’ problems
Sialkot: Prime Minister Shehbaz Sharif has directed to establish one window operation facilitation centers to resolve exporters’ problems. He gave these instructions, while talking to...
Customs officers involved in running corruption network removed from their posts
Islamabad: The three collectors who were running an organized corruption network in customs have been removed from their posts. The three included Saqib Saeed, Director...
Govt slashes petrol price by Rs9/litre
ISLAMABAD– Finance Minister Ishaq Dar on Saturday announced the reduction of petrol price by Rs9 per litre. Meanwhile, the price of diesel was reduced by...
LPG mafia increases residential and commercial cylinder rates
Karachi: There is no one to stop Liquefied Petroleum Gas (LPG) mafia as they increased prices of residential cylinder by Rs 200 and commercial cylinder...
CM Sindh declares economist report regarding Karachi as conspiracy
Karachi: Chief Minister Sindh Syed Murad Ali Shah has claimed that there is conspiracy being hatched against Karachi who is on path of development while...
FM Bilawal lays foundation stone of Dhabeji Special Economic Zone
Islamabad: Foreign Minister Bilawal Bhutto Zardari laid the foundation stone of Dhabeji Special Economic Zone in Thatta district today. Speaking on the occasion, he said...
Automobiles sales decline significantly
LAHORE: The sales of vehicles including cars, buses and trucks have reduced significantly due to the rise in dollar prices and interest rate, Pakistan Automobile...
PIA issued final warning by Riyadh Airport Authority (RAA) for non-payment of dues
Islamabad: Pakistan International Airlines (PIA) has been issued a final warning by the Riyadh Airport Authority (RAA) for non-payment of dues. The authority has given...
Per Tola price of Gold increases by Rs 4000
Karachi: Per tola price of Gold on Thursday increased by Rs 4000 after which per tola amount climbed to 2, 08, 000. On the other...
PSX losses 247 point to close at 45, 266
Karachi: Pakistan Stock Exchange on Thursday saw a great highs and lows while the market closed at 45, 266 after losing 247 points. In a...
Dollar decreasing trend continues as it depreciates in Inter-bank market by Rs 1.2
Karachi: The dollar decreasing trend continues as it depreciated by Rs 1. 2 in the inter-bank market while it closed at Rs 276.46. Interbank closing...
IMF predicts unemployment, average inflation to reduce in fiscal year 2023-2024
Washington: The International Monetary Fund (IMF) has issued Pakistan economic performance report wherein it is predicted that unemployment and average inflation will decrease in the...
Pakistan receives first tranche of 1.2 billion dollars from IMF
Islamabad: The International Monetary Fund (IMF) on Thursday released first tranche of 1.2 billion dollar of 3 billion dollars approved its board yesterday. The IMF...
WB approves 100 million dollar for family planning in Punjab
Lahore: The World Bank has approved a tune of 100 million dollars for the purpose of family planning in Punjab. As per the World Bank,...
PSX starts positively as it gains 294 points
Karachi: Investors confidence on Pakistan Stock Market (PSX) restored further on fourth day of business week on Thursday after the IMF approved loan for Pakistan....
Reverse gear of dollar continues in Inter-bank market as it depreciates by Rs 3.48
Karachi: The reverse gear of dollar continues in inter-bank market as it depreciated by Rs 3. 48 on Thursday. The dollar is trading at Rs...
Global energy demand to rise 23pc by 2045, OPEC says
ABUJA- Global demand for all forms of energy is forecast to rise by 23 per cent through 2045, OPEC Secretary General Haitham Al Ghais told...