PM directs Finance Minister to make budget in coordination with IMF
Islamabad: Prime Minister Shahbaz Sharif has directed Federal Minister for Finance Ishaq Dar to make the upcoming budget in coordination with the International Monetary Fund...
E-banking transactions grow by 4.3pc in Q3 FY23: SBP
KARACHI: The State Bank of Pakistan (SBP) revealed that the volume of overall e-banking transactions increased by 4.3 percent while the value of the transactions...
PSX gains 375 points owing to investor optimism over budget proposals
KARACHI: The Pakistan Stock Exchange (PSX) on Monday gained 375.52 points as investors’ sentiment turned positive over budget proposals being put forward by the government....
Ishaq Dar reiterates to provide business friendly budget
Islamabad: Finance Minister Ishaq Dar has reiterated to provide a business friendly budget in order to support masses and for the economic progress and development...
Rising trend of dollar continues as Rs 1 increases in open market to reach Rs 311
Karachi: The dollar rising trend continued on Monday as Rs 1 appreciated and it reached to Rs 311 in the open market. Interbank closing #ExchangeRate...
Committed to achieve Islamic Finance goal within time frame given by Federal Shariat Court: Dar
Islamabad: Finance Minister Ishaq Dar has reaffirmed the government’s firm resolve to promote Islamic finance industry and eliminate interest based system in Pakistan. Addressing the...
Conference on Islamic Capital Market to begin in Islamabad today
ISLAMABAD- Chairman Securities and Exchange Commission of Pakistan (SECP) Akif Saeed called on the Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar. Chairman...
Dastgir inaugurates 500 KV Thar-Matiari transmission line
Minister for Energy Khurram Dastgir has inaugurated the 220 km long 500 kv Thar-Matiari transmission line in Matiari. Addressing the inaugural ceremony, the Minister said...
Govt provides substantial decrease in ghee and cooking oil prices on utility stores
Islamabad: There comes good news for people of Pakistan which are facing the worst inflation as substantial decreased provided on ghee and cooking oil across...
Govt working to present business, people friendly budget : Dar
ISLAMABAD: Federal Minister for Finance and Revenue, Mohammad Ishaq Dar Wednesday said that the government was working to present a business and people-friendly budget for...
Dollar appreciation continues in open market as it reached Rs 309
Karachi: Dollar appreciation continues today as well as it turned Rs 309 after an increase of Rs 1 in the open market while the greenback...
Cheap petrol scheme is ready just have to remove IMF objections: Musadiq Malik
Islamabad: Minister for state for petroleum Musadiq Malik on Wednesday said that cheap petrol scheme is prepared just we have to remove objections of International...
Dollar Climbs to Rs 308 after uptick of Rs 3 in open market today
Karachi: The US dollar high flight could not be curtailed today still as it climbed to Rs 308 after an uptick of Rs 3 in...
Dollar reaches new peak of Rs 305 in open market
Karachi: The high fly of the US dollar is continued on first day of new week as it reached Rs 305 after an uptick of...
Gold price remains unchanged in Pakistan
Gold prices remained unchanged in Pakistan on Wednesday after flirting with an all-time high of Rs240,000 per tola in last few days. The rate of...
Rupee sheds 44 paisas against Dollar
ISLAMABAD: Pakistani rupee witnessed 44 paisas devaluation against US Dollar (USD) in the interbank trading on Wednesday and closed at Rs 285.40 against the previous...
Dollar witnesses uptick of Rs 2 in open market today
Karachi: Dollar price on Tuesday increased by Rs 2 in the open market while the greenback decreased by mof Rs 1 inter-bank market. The US...
Govt reduces petrol price by Rs12/litre
ISLAMABAD: Finance Minister Ishaq Dar announced on Monday the reduction in the rate of petroleum products. He said these prices will continue for the next...
Dollar takes reverse gear in inter-bank and open market today
Karachi: The dollar price got in reverse gear on Friday as it price saw a decline of Rs 13. 68 in the inter-bank market. After...
Dollar closes at inter-bank on the highest level of Rs 298.93: SBP
Karachi: Dollar has broken all the previous record in inter-bank market as well as open market today. As per the State Bank of Pakistan (SBP),...
Gold price registers massive hike of Rs9,900/tola
The price of gold jumped massively in Pakistan Wednesday, as political turmoil following the arrest of former prime minister and Pakistan Tehreek-e-Insaf (PTI) Chairman Imran...
Oil plunges on higher US oil stocks, inflation data in focus
Oil prices dipped on Wednesday, stalling a three-day rally, as an unexpected rise in U.S. oil inventories sparked demand concerns, while investors awaited U.S. inflation...
Germany announces economic assistance worth €163m for Pakistan
Germany has announced economic assistance worth 163 million euros for Pakistan. The announcement was...
Ethiopian Airlines resumes direct flights to Pakistan
KARACHI: Ethiopian Airlines has restored its direct flight operation to Pakistan after an hiatus of 19 years as its inaugural flight landed in Karachi early...
ADB advises Pakistan to extend targeted subsidies to downtrodden masses
South Korea: The Asian Development Bank (ADB) has suggested Pakistan to provide targeted subsidies to mitigate inflationary pressure on people; bring about necessary structural reforms...
Dastgir sees expensive electricity not in interest of consumers
LAHORE: Power Minister Khurram Dastgir said on Friday that expensive electricity was available in abundance in the country, but it was not in the interest...
Weekly inflation up by 1.05pc in Pakistan
ISLAMABAD: Consumer prices witnessed an increase in the outgoing week on the back of wheat flour, chicken, potatoes, pulses and powdered milk, taking the weekly...
Gold price soars to record high of Rs225,300 per tola
KARACHI: The gold price shattered all previous records in Pakistan, reaching Rs225,300 per tola on Thursday. According to the All Pakistan Sarafa Gems and Jewellers...
Dollar depreciated by six paisa in inter-bank market today
Karachi: Dollar price depreciated in inter-bank market on Thursday (today) by six paisa as dollar closed at Rs 283. 82. The price of dollar in...
Trade deficit shrinks significantly by nearly 40% in 10 months
ISLAMABAD: Pakistan booked a trade deficit of $23.7 billion during the first 10 months of this fiscal year as steeper reduction in imports was offset...
Oil drops as economic growth concerns offset Opec+ cuts
TOKYO: Oil fell on Monday as concern over the economic impact of the US Federal Reserve potentially raising interest rates and weaker Chinese manufacturing data...
No change in petrol price for next fortnightly: Ishaq Dar
Islamabad: The government has retained price of petrol for the next fortnightly while high speed diesel price has been decreased by Rs 5. Petroleum Products...
Gold price continues to rise in Pakistan
The price of gold climbed to a new high Saturday as the country’s economic crisis persisted amid a delay in a deal with the International...
Record-high inflation continues to break back of lower, middle income groups
KARACHI: The record-high inflation continues to break back of the lower and middle income groups in the poor country of 220 million. The Pakistan Bureau...
ECC approves supplementary grants worth over Rs912m
The Economic Coordination Committee has approved technical supplementary grants worth over 912 million rupees. The approval to this effect was granted during a meeting of...
Banks to remain open this weekend to facilitate tax collection
All authorised bank branches will remain open on April 29 and 30 (Saturday and Sunday) and observe extended working hours to facilitate the collection of...
Dar hopes IMF to soon ink staff-level agreement for release of $1.1bn
LAHORE: Pakistan has “fulfilled all the conditions” of the International Monetary Fund (IMF) for the release of the $1.1 billion tranche, Finance and Revenue Minister Senator Ishaq...
Pakistan Railways restores Shalimar Express
LAHORE: The Pakistan Railways (PR) has decided to restore Shalimar Express Train between Lahore and Karachi from May 1, 2023. The Shalimar Express (up and...
K-Electric seeks power tariff hike
The K-Electric has sought a Rs4.49 hike in the power tariff on account of the monthly Fuel Charges Adjustment (FCA) for March in an application...
Five-day banks’ closure on Eid notified
In view of the upcoming religious festival, Eidul Fitr, the State Bank of Pakistan (SBP) issued a notification declaring the five-day closure of the banks....
Current Account Surplus of $654m recorded for March: Dar
Finance Minister Ishaq Dar says Current Account Surplus of 654 million dollars has been recorded for March 2023. In a tweet today, he said in...
Gold continues upward trend in Pakistan
Gold rates in Pakistan continued to climb on Tuesday as the rupee failed to appreciate significantly. According to data provided by the All Pakistan Sarafa...
PM Shahbaz Sharif hopes IMF agreement to be finalized soon
Islamabad: Prime Minister Shehbaz Sharif has reiterated resolve of the coalition government to steer the country out of the multiple crises it is facing. Chairing...
Oil edges up as China’s economy gathers pace
SINGAPORE: Oil prices firmed slightly early on Tuesday, after falling 2% in the previous session, as stronger economic data from the world’s largest crude importer...
Gold price rises in Pakistan
A day after witnessing a major drop, the price of gold rose once again in Pakistan on Monday in line with the rupee’s depreciation. According to data...
Govt releases Rs129bn for development projects under PSDP
ISLAMABAD: Despite financial constraints and disruptions caused by super floods last year, the government has released Rs 129 billion for development projects under Public Sector...
PM Shehbaz orders massive crackdown against hoarders, profiteers
Lahore: Prime Minister Shehbaz Sharif has ordered a major crackdown against sugar smuggling, hoarding and profiteering. Chairing a high-level meeting in Lahore on Sunday, the...
OGRA Increases LPG price By Rs 10 per Kg
Islamabad: Oil and Gas Regulatory Authority (OGRA) has increased Liquefied Petroleum Gas (LPG) prices by Rs 10 per Kg. The petroleum products regulatory authority has...
Pakistan govt policies adopted recently go in the right direction: Director IMF
`WASHINGTON: The International Monetary Fund (IMF) has said that it’s working ‘hand-in-hand’ with Pakistan and its bilateral donors to ensure that Islamabad gets the financial...
IMF welcomes announcements of financial aid to Pakistan by its friendly countries
Islamabad: The international Monetary Fund (IMF) has welcomed recent announcements of financial aid to Pakistan from its friends countries. In an early morning statement, Nathan...