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...
Bank Holiday On March 24 For Zakat Deduction All Across The Country
Islamabad: For deduction of Zakat all the banks will be closed across the country on Friday, March 24. It is likely that first Ramzan will...
Zakat To Be deducted On Minimum Balance Of Rs103,159 Or Above, On First Ramadan.
The Ministry of Poverty Alleviation and Social Safety has fixed the Nisab for Zakat deduction for the ongoing year. According to a notification issued by...
IMF Hasn’t Put Any Condition On Pakistan Regarding Its Nuclear Assets
Islamabad: The International Monetary Fund (IMF) representative for Pakistan Esther Perez Ruiz has clarified that the IMF has not put any condition on Pakistan regarding...
Power Price Likely To Increase by 86 Paisa As CPPA Files Petition In NEPRA For Uptick
Islamabad: Central Power Purchasing Agency (CPPA) on Monday (today) filed a petition in National Electric Power Regulatory Authority (NEPRA). It is likely that power price...
Govt To Provide Rs 50 Per Liter To Poor Consumers As Relief Package
LAHORE: Prime Minister (PM) Shehbaz Sharif on Sunday said low income poor people will be given a subsidy of Rs 50 per liter on fuel...
Pakistan, China Holds Discussion Multiple Issues Including On Bilateral Relations
Beijing: Pakistan and China discussed bilateral relations, agreeing HV to expand and reinforce political and security cooperation, bilateral trade, economic and financial cooperation, cultural exchanges,...
NEPRA Jacks up Eelectricty Prices
Giving another shock to already inflation-hit people, the National Electric Power Regulatory Authority (Nepra) on Thursday approved increase in power tariff by Rs3.23 per unit....
World Bank ‘Committed’ to Pakistan’s Long-Term Development
The World Bank (WB) Tuesday extended its commitment towards Pakistan’s long-term development with a focus on transitioning to renewable energy, particularly solar and hydropower. WB’s...
Rupee Increased Against US Dollar By 2.80
KARACHI: The rupee on Friday took an uptick of Rs 2.80 in the interbank market against the US dollar. The local currency increased against the...
Rupee Depreciates Against Dollar By Rs 3.88
The rupee on Thursday took decreased against the dollar during the intra-day trade in the interbank market amid further delay in the agreement with the...
Pakistan Will Sign Agreement With IMF In Next Few Days: Dar
Finance Minister Ishaq Dar has expressed the hope that Pakistan will sign staff level agreement with IMF in next few days. He was addressing a...
Pakistani Rupee Loses Ground Against US Dollar in Interbank
KARACHI: The Pakistani rupee depreciated against the US dollar in the interbank market on Wednesday after witnessing a slight recovery in the past two sessions....
Pakistan’s Textile Exports Plummet 28pc in Feb
Pakistan’s textile sector exports recorded a significant decline of 28 per cent, clocking in at $1.2 billion in February 2023 as compared to $1.67 billion...
NEPRA Allows Rs3.39/Unit Additional Surcharge on Electricity Bills
The National Electric Power Regulatory Authority (NEPRA) on Monday allowed the application of Rs3.39 per unit additional surcharge to be recovered from the consumers of...
Provincial Govts Finalize Arrangements for Wheat Procurement Drive
All provincial governments are set to formally kick off the wheat procurement campaign for crop season 2022-23. Food Security Commissioner in the Ministry of National...
Amir Qatar Reiterates Resolve To Continue Cooperation, Support In Pakistan Development
DOHA: Amir of Qatar Sheikh Tamim bin Hamad Al Thani discussed a wide array of mutually beneficial issues with Prime Minister Shehbaz Sharif and reiterated...
Rupee Appreciates By Rs 3.46 Against Dollar
Karachi’: Rupee gained by Rs3.46 against the greenback in the interbank market on Monday ( today) during the intraday trade. The local unit was seen...
Pakistan Will Not Be Defaulted At Any Cost.: Ishaq Dar
Islamabad: Finance Minister Ishaq Dar on Friday lambasting on Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan said “Imran Khan led the country towards collapse. Addressing a...
Dollar Price Declines By Rs 10.31 In Inter bank Market
Karachi: Dollar price reversed on Friday as it devalued by Rs 10.31 in the inter-bank market. The greenbench was increased by Rs 19 yesterday (Thursday)...
Chinese Loan Shores up SBP-held Reserves to $3.8bn
Following the refinancing by the China Development Bank, the foreign exchange reserves held by the State Bank of Pakistan (SBP) rose by more the $500...
Gold Price Increases in Pakistan
Following a historic decline of the Pakistani rupee against the US dollar, the per tola gold price in Pakistan surged by a whopping 4.77% as...
SBP Increases Interest Rate By Three Percent As Monetary Policy Announced
Karachi: State Bank Of Pakistan (SBP) has announced a monetary policy in which interest rate has been increased by three percent. After increasing 300 bps...