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...
OGRA advises two suggestions to govt for petroleum prices for next fortnightly
Islamabad: The decision for increasing or decreasing or unchanged prices of petroleum products for next fortnightly from April 16 to 30 will be decided today....
Gold price soars to record high of Rs218,600 per tola
Gold prices in Pakistan jumped to an all-time high on Friday, days after the precious metal breached the Rs218,000-mark for the first time. The price...
Chinese bank to give $300 million to Pakistan today: Ishaq Dar
The Industrial and Commercial Bank of China (ICBC) is set to give Pakistan $300 million today in a move that will boost the country’s foreign...
UAE confirms to IMF for bilateral support of $1b to Pakistan: Dar
Islamabad: Finance Minister Ishaq Dar says the UAE authorities have confirmed to IMF for their bilateral support of One billion dollars to Pakistan. IMF program...
Pakistan Railways announces schedule for special trains on Eid ul Fitr
As the days inch closer to Eid ul Fitr, the Pakistan Railways Wednesday announced running five special trains for citizens travelling within the country to...
Gold price slips from historic highs in Pakistan
Gold slipped on Wednesday from a historic high mainly owing to a battered rupee that has been trading around an all-time low from the past...
UAE likely to confirm financing of $1 billion this week, sources
Islamabad: The United Arab Emirates is likely to confirm financing of $1 billion this week, as per sources. The government’s debt recovery mission with the...
Power supply situation will far better this year: Dastgir
Minister for Power Khurram Dastgir has said the power supply situation this summer will be far better as compared to the previous year due to...
PSX to remain closed on April 14 on account of Jumatul Wida
KARACHI: The Pakistan Stock Exchange Limited (PSX) has announced to remain closed on April 14 on account of Jumatul Wida, the last Friday of the...
Gold rate surges to historic high in Pakistan
Gold prices in Pakistan have surged to an all-time high after the rupee registered significant losses against the dollar as the country struggles in securing...
Rupee depreciated by rupees 2.44 against dollar
ISLAMABAD: Pakistan rupee weakened by Rs 2.44 against the Dollar in the interbank trading on Monday and closed at Rs 287.08 against the previous day’s...
Government increase profit percentage on National Saving Schemes
ISLAMABAD: The profit percentage on different National Saving Schemes have been increased. The enhanced profit percentages will be implemented from April, 10th. According to a...
RDA achieves new milestone as it crossed six billion dollars limit: SBP
Karachi: Roshan Digital Accounts (RDA) has achieved a new milestone in foreign investment as the RDA crossed limit of six billion dollars. According to State...
Dar cancels scheduled visit to USA owing to political situation of the country
Islamabad: Owing to political situation of the country Federal Minister for finance Ishaq Dar has canceled his scheduled visit to the United States of America...
Ishaq Dar seeks Bloom’s cooperation on securing IMF deal
ISLAMABAD: As the agreement between Pakistan and the International Monetary Fund (IMF) suffers a long-standing stalemate, Finance Minister Ishaq Dar on Thursday asked US Ambassador...
PXS benchmark index gains 436 points
KARACHI: – Bulls dominated the Pakistan Stock Exchange (PSX) in first session of trading on Thursday as the benchmark KSE-100 Index gained 436 points to...
Pak Suzuki Motors jacks up prices again
KARACHI: Pak Suzuki Motor Company Limited has announced hike in car prices for the fourth time in the current calendar year. The company specified no reason...
SBP issues details of country’s internal and external debts
Karachi: As many as Rs 588 billion debt of government declined in one month after which now debts have become Rs 54, 354 billion, the...
No shortage of sugar in country despite its export, NA told
The National Assembly was informed on Wednesday that there is no shortage of sugar in the country despite its export. Speaking at the Floor of...
Inflation Increases 100 Percent From Previous Year In Peshawar
Peshawar: Inflation has increased by 100 percent from the previous year in capital of Khyber Pakhtunkhawa (KP), Peshawar. Dates are in the holly month of...
Dollar appreciated by Rs 1 in open market
Karachi: The US dollar has increased by Rs 1 on Wednesday in open market and According to the exchange companies association, now the US currency...
Imported Cheap Oil From Russia To Reach Country Next Month: Musadik Malik
Islamabad: Minister of State for Petroleum Dr. Musadik Malik says Pakistan will import cheap oil from Russia next month to facilitate general public. Talking to...
Inflation Reaches Nearly All-time High Level Of 35.4%
Islamabad: Pakistan’s monthly inflation blew past forecasts in March and soared to a nearly all-time high level of 35.4%. The fresh inflation reading issued by...
LPG Price Reduced By Rs49/Kg
KARACHI: The Oil and Gas Regulatory Authority (OGRA) on Friday announced a reduction in the price of Liquefied Petroleum Gas (LPG) by Rs49 per kg...
Reko Diq project To Provide 70 Percent Jobs To Local Population: Musadik Malik
Islamabad: Minister of State for Petroleum Musadik Malik has said Reko Diq project is important for the development of Balochistan along with the mining sector....
Railway Minister Announces 10 to 15pc Reduction in Train Fares
Minister for Railways and Aviation Khawaja Saad Rafique has announced 10 to 15 percent reduction in the fares of freight trains. Addressing a news conference...
Lahore Witnesses Another Wave Of Inflation As Wheat Per Kg Price Increases By Rs 10
Lahore: Capital of Punjab, Lahore has witnessed another wave of inflation as wheat price increased by Rs 10. After an uptick of Rs 10 per...
Free Flour Distribution Is Underway In Punjab As 10 Centers Established In Shujaabad
Lahore: Free flour distribution is continued in all across Punjab as 10 points established in Shujaabad on Tuesday (today). Officials said that only registered people...