PSX speeds up after agreement brokered with IMF as 100 index crossed 43000 limit
Karachi: The loan agreement with International Monetary Fund (IMF) has resulted into positive effect on Pakistan Stock Exchange (PSX) just after Eid holidays as the...
US dollar turns into reverse gear as it is trading between Rs 280 to Rs 285 in open market
Karachi: The US dollar has turned into reverse gear in open market as it price lowered on Monday after the Eid Ul Azha holidays. The...
Security forces efforts bore fruit In KP as tourism along with peace restored
Peshawar: Efforts of security forces bore fruit as tourism restored along with peace in Khyber Pakhtunkhwa (KP). During the Eid holidays as many as 200000...
Govt keeps petrol prices unchanged
ISLAMABAD: Finance Ishaq Dar said that while fuel prices will not change over the next two weeks, diesel prices would. In a late-night press conference,...
LCCI president hails govt for securing IMF deal
LAHORE: Lahore Chamber of Commerce and Industry President Kashif Anwar extended his congratulations to Prime Minister Shehbaz Sharif, Finance Minister Ishaq Dar and the Ministry...
Paris meeting with IMF MD was ‘turning point’, says PM after securing SLA
Following the staff-level agreement (SLA) with the International Monetary Fund (IMF) on a stand-by arrangement (SBY), Prime Minister Shehbaz Sharif said his meeting the global...
IMF reaches staff-level agreement with Pakistan on $3 billion
Pakistan and the International Monetary Fund (IMF) on Friday reached a long-awaited staff-level agreement (SLA) on $3 billion “stand-by arrangement” (SBA), the global lender announced. ...
Pakistan’s last efforts for successful completion of 9th review continues
Islamabad: Tomorrow is the last day of Pakistan and International Monetary Fund (IMF) loan program as Pakistani officials last efforts for successful completion of 9th...
PSX remained bullish today after gaining 15.59 points
ISLAMABAD: The 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend, gaining 15.59 points on Tuesday. A total of 234,748,468 shares were traded...
PM Shahbaz holds telephonic conversation with MD IMF
Islamabad: Prime Minister Muhammad Shehbaz Sharif has expressed the confidence that understanding on International Monetary Fund programme will shape into a final decision by the...
FBR collects Rs 7,000 billion revenue by 26th June for first time: Dar
Islamabad: Finance Minister Ishaq Dar says the Federal Board of Revenue (FBR) has collected revenue of 7,000 billion rupees by 26th June for the first...
All the matters related to Pakistan, IMF staff level agreement settled: Sources
Islamabad: All the matters related to Pakistan and the International Monetary Fund (IMF) staff level agreement has been settled. Sources said that the staff level...
ECC meeting to be held today
Islamabad: The Economic Coordination Committee (ECC) of the cabinet meeting will be held today. The ECC meeting will consider a five-point agenda while Finance Minister...
SBP announces Eid Ul Adha Holidays from June 28 to 30
Karachi: State Bank of Pakistan on Monday announced Eid Ul Adha holidays. As per the SBP, all the banks across the country will remain close...
Finance Minister launches four Shariah Complaint products of National Savings
Islamabad: Finance Minister Ishaq Dar launched four Shariah Complaint products of National Savings in Islamabad on Monday. Speaking on the occasion, the Finance Minister said...
PSX benchmark KSE-100 index jumps 1,000 points as country expects to sign deal with IMF
KARACHI: Pakistan Stock Exchange’s (PSX) benchmark KSE-100 index jumped more than 1,000 points as the country expects to sign a deal with the International Money...
Mix trend witnessed at PSX as it gains 31 points
ISLAMABAD: The 100-index of the Pakistan Stock Exchange (PSX) gained 31.81 points on Tuesday. A total of 124,856,236 shares were traded during the day whereas...
Gold price decreases by Rs 200 per tola
Karachi: The gold prices on Tuesday decreased by Rs 200 per tola, reached Rs 220,500 which is consecutive third reduction in a row of three...
Provincial budget of Balochistan for new financial year 2023-24 to be presented today
Quetta: The provincial budget of Balochistan for the new financial year 2023-24 will be presented in the provincial assembly today . Finance Minister Balochistan Zamrak...
Murtaza Javed Abbasi inaugurates Sui gas provision project for village Phalkot Galyat
ABBOTTABAD: Federal Minister for Parliamentary Affairs Murtaza Javed Abbasi on Sunday inaugurated the Sui gas provision project in village Phalkot Galyat that would completed with...
More 15 Pakistani rice mills allowed to export rice to Russia: Ministry of Food and Security
Islamabad: An important progress has made regarding export of rice to Russia, the ministry of food and security apprised. As per the ministry, another 15...
Fluctuation continues in US dollar as it appreciated by Rs 2 in open market
Karachi: Fluctuation in the US dollar is continued on the last day of week, Friday as its value appreciated by Rs 2 and closed at...
Pakistan, Azerbaijan agree to enhance bilateral trade, cooperation in different areas including energy, defence
Baku: Pakistan and Azerbaijan have agreed to enhance their bilateral trade and promote cooperation in different areas including energy and defence. This came at a...
Technical meeting with IMF to determine future of Pakistan’s programme: Ayesha
ISLAMABAD: Minister of State for Finance and Revenue Ayesha Ghous Pasha on Wednesday said that Finance Minister Ishaq Dar had a virtual conversation with the...
Ghee, Cooking oil prices reduced by third time at utility stores
Islamabad: Once again prices of Branded Ghee reduced by Rs 60 at the utility stores across the country. The prices of cooking oil decreased by...
Dollar devalues by Rs 4 in open market
Karachi: The change in the US dollar is continued as Rs 4 devalued in its price after it which closed at Rs 294. The greenback...
Benefits of crude oil imported from Russia to be passed on people very soon: Mussadiq
Islamabad: Minister of State for Petroleum Dr. Musadik Malik has said that circular debt vis-a-vis gas has been reduced to Zero due to prudent policies...
SBP keeps interest rate unchanged
KARACHI: The State Bank of Pakistan (SBP) maintained the benchmark interest rate at 21pc as it announced monetary policy on Monday. The Monetary Policy Committee...
First ship of discounted Russian oil docks at Karachi port: PM Shehbaz
KARACHI: First Russian cargo ship successfully anchored at Karachi port, carrying a substantial load of 45,142 metric tons of crude oil. Prime Minister Shehbaz Sharif...
CM Murad unveils Rs2.2tr Sindh budget
KARACHI: With a focus on the rehabilitation of flood-affected people, Sindh Chief Minister Murad Ali Shah on Saturday presented a budget of Rs2.2 trillion for the...
Sindh proposes up to 35% hike in government employees’ salaries
The Sindh government has proposed increasing government employees’ salaries by up to 35% in the provincial budget for fiscal year 2023-24. Sindh Chief Minister Murad...
Business community hails federal budget 2023-24
Business leaders have hailed the federal budget 2023-24 saying it would spur growth. President Federation of Pakistan Chambers of Commerce and Industry Irfan Iqbal Sheikh...
Federal PSDP budgeted at Rs1150b for FY 2023-24
The budget envisages federal Public Sector Development Programme worth 1150 billion rupees, which is the highest ever in terms of its size, reflecting government’s commitment...
Growth target of 3.5 percent set for the next fiscal year: Dar
Islamabad: The Finance Minister Ishaq Dar said that a modest growth target of 3.5 percent has been set for the next fiscal year. He said...
Agriculture credit enhanced to Rs 2250 billion, custom duty on seeds, sapling waived off
Islamabad: Finance Minister said that the limit of agri credit is being enhanced to 2250 billion rupees as compared to 1800 billion rupees of the...
Federal budget 2023-24 with a total outlay of 14460 billion rupees presented in NA
Islamabad: The federal budget 2023-24 with a total outlay of 14460 billion rupees has been announced with focus on economic stability, sustainable and inclusive growth...
Difficult decisions must have to be taken for improvement of the economy: Ishaq Dar
Islamabad: Finance Minister Ishaq Dar has said that for improvement in economy difficult decisions will must have to be taken owing to which people will...
Cabinet approves budgetary proposals of 2023-2024 and finance bill 2023
Islamabad: Prime Minister Shehbaz Sharif on Friday said a country’s sound economic growth was linked with its political stability. “Without political stability, even billions of...
Shehbaz govt presents over Rs14tr outlay budget for FY24 today
ISLAMABAD – The coalition government is all set to present the federal budget for the fiscal year 2023-24, with an estimated outlay of more than...
Dollar appreciates by Rs 5 in open market
Karachi: The ping pong of the US dollar continued on Thursday as well as it appreciated again after its devaluation yesterday by Rs 5 in...
Govt rescued crippling economy, averted default in face of serious inherited challenges: Dar
ISLAMABAD: Finance Minister Ishaq Dar says the government has rescued the crippling economy and averted default in the face of serious inherited challenges on internal...
Dar along with economic team call on PM to present Economic Survey of 2022-23
Islamabad: The government’s economic team led by Finance Minister Ishaq Dar called on Prime Minister Shehbaz Sharif in Islamabad on Thursday and presented the Economic...
Finance Minister formally launched the ‘Pakistan Economic Survey 2022-23’
Islamabad: Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar Thursday formally launched the ‘Pakistan Economic Survey 2022-23’, the pre-budget document which shared key...
Finance Minister to present Economic Survey of current financial year in Islamabad today
Economic Survey, containing the details of major socio-economic achievements during the outgoing fiscal year will be launched in Islamabad today. Finance Minister Ishaq Dar will...
Economic Survey 2022-23 to be launched tomorrow
Economic Survey, containing the details of major socio-economic achievements during the outgoing fiscal year will be launched in Islamabad tomorrow (Thursday). Finance Minister Ishaq Dar...
Dollar sheds by 26paisas in interbank
KARACHI: The dollar shed by 26paisas in interbank on Wednesday and is currently trading at Rs286.30. The greenback was closed at Rs286.56 on Tuesday....
PSX witnesses bullish trend
KARACHI: The Pakistan Stock Exchange on Wednesday witnessed bullish trend at the start of the third day of the business week. The KSE-100 index crossed...
Ghee price decreases across the country: USC
Islamabad: The Utility Store Corporation USC has reduced the prices of subsidized ghee provided under the Prime Minister’s Relief Package by Rs 80 per kg...
Karachi Business community rejects govt decision to close business, shops till at 8 pm night
Karachi: President Anjuman-e-Tajiran Karachi (ATK) Javed Shams has rejected the federal government decision closure of shops and markets at 8 pm at night. The ATK...
Govt decides to close market and shops till at 8 pm night under energy saving project
Islamabad: National Economic Council (NEC) meeting has decided to close shops and markets all across the country at 8 pm. Prime Minister Shahbaz Sharif has...