Govt completes preparation for hike in gas prices across country from Oct 1
Islamabad: Government has completed preparations for hike in the gas prices from October 1. Oil and Gas Regulatory Authority (OGRA) made a summary for the...
Fawad vows to privatize all loss making SOEs to reduce financial burden
Islamabad: Minister for Privatization Fawad Hassan Fawad here on Wednesday reiterated his government’s commitment to privatize all loss-making State-Owned Enterprises (SOEs) to reduce financial burden...
Rupee Continues to strengthen against US dollar
Karachi: The rupee continued to strengthen against the US dollar in the interbank market on Tuesday. The State Bank of Pakistan (SBP) said Pakistani exchange...
Unemployment rate to reduce to 8 percent in current year: IMF outlook report
Washington: It is likely that inflation rate will remain 23. 6 percent in Pakistan as the International Monetary Fund (IMF) issued the Out look report....
Mari petroleum discover news gas treasures in Sindh
Hyderabad: In a fresh development regarding the energy sector as the Mari petroleum has discover a new treasures of gas in Sindh. A 11.1 Million...
Israel, Palestine escalation impact starts surfacing as raw oil prices uptick to five percent
New York: The impact of escalations between Israel and Palestine has started to surface on the international level as raw oil prices have an uptick...
Israel economy jolted after Hamas attacks as it currency lowered down to lowest level in 8 years
Tel Aviv: Israel economic jolted after the Hamas Operation Al-Quds Flood as it currency shekel lowered down to the lowest level against the US dollar...
Caretaker economic delegation leaves for Morocco to attend World Bank, IMF meetings
Islamabad: The economic team of caretaker government in the leadership of interim Finance Minister Shamshad Akhtar left for Morocco. The team will attend meetings of...
Pak rupee appreciation against US dollar continues as it gains Rs 2.50 in O-M
ISLAMABAD: Pakistan rupee appreciation against the US dollar continued on Friday in the open market as it gained Rs 2.50 after which it closed at...
PSX ends week on bullish trend as market closed at 47,493 after uptick of 41 points
Karachi: Pakistan Stock Exchange (PSX) on Friday ended the week at bullish trend as market closed at 47493 after an uptick of 41 points. As...
US dollar devaluation against Pakistani rupee continues
Karachi: Devaluation of the US dollar continued on Thursday as its depreciated by Rs 1.6 against Pakistani rupee in the inter-bank market. After the reduction...
Bullish trend continues in PSX as market closes at uptick of 372 points
ISLAMABAD: The 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Thursday, gaining 372.55 points, a positive change of 0.79 per cent,...
Pakistan-GCC FTA will help enhance Pakistan’s exports to Gulf States: Gohar
Islamabad: Caretaker Commerce Minister Gohar Ejaz says the Gulf Cooperation Council has signed a Free Trade Agreement with Pakistan, which will be helpful in enhancing...
SIFC Apex Committee decides to fast-track privatization of govt entities in loss
Islamabad: Sixth meeting of the Apex Committee of Special Investment Facilitation Council was held in Islamabad and reviewed various initiatives being spearheaded through the SIFC...
Peace of mind snatched as SBP official tells consumers only Rs 0.5 million protected in commercial banks
Islamabad: Deputy Governor State Bank of Pakistan (SBP) on Wednesday snatched people’s peace of mind as he apprised that only half million rupees of the...
PSX bullish today as it closed after uptick of 323 points
Karachi: Pakistan Stock Exchange (PSX) saw bullish trend on Wednesday as its 100-index crossed limit of 47000 while the market closed at 47,079 after an...
Dollar constant depreciation continues as it reduced by Rs 1.4 in I-B market
Karachi: The constant devaluation of the US dollar continued on Wednesday as it reduced by Rs 1.4 and closed at Rs 284.68 in the inter-bank...
FBR imposes 10 percent processing fees on five items imported from Afghanistan
Islamabad: The interim government has taken a major step against smuggling on goods imported from Afghanistan under the Pak-Afghan transit trade. Under the anti smuggling...
Mix trend witnessed at PSX today
Karachi: A mixed trend witnessed at Pakistan Stock Exchange (PSX) today while the market closed at 46756 after an uptick of 129 points. The today’s...
Strengthening of Pakistani rupee continues against US dollar
Karachi: Strengthening of Pakistani rupee continued against the US dollar as the US currency depreciated Rs 1.4 inter-bank market while the greenback devalued against rupee...
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Three Organizations Join Hands To Foster Political Stability And Economic Revival In Pakistan.
The Frederick Naumann Foundation for Freedom Pakistan (FNF) in collaboration with the Center for Peace and Development Initiatives (CPDI) and the Policy Research Institute of...
The Dollar Further Lost Its Value Against The Pakistani Rupee.
There is a continuous decline in the value of the dollar in the interbank market. Today, the dollar has become 90 paisas cheaper. Over the...
After The Dollar, The Price Of Gold Also Decreased Continuously.
The price of gold is also experiencing a continuous decrease after the dollar. In the country, the price of gold per tola has decreased by...
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...