US Dollar Appreciated By Rs 18.89 In Inter-Bank, Rs 17 In Open Market
KARACHI: The rupees depreciated by Rs18.89 against the US dollar today during intra-day trade in the interbank market. The dollar price increased ahead of the...
FBR Achieves Revenue Target of last Month Collecting Rs527.2b
Federal Board of Revenue (FBR) has achieved revenue target of last month by collecting 527.2 billion rupees. In series of tweets, Finance Minister Mohammad Ishaq...
Govt Hikes Electricity Rates For Export Industries By Rs 12. 13 Per Unit
Islamabad: Government implementing International Monetary Fund (IMF) conditions, has ended subsidy on electricity for exports related industries. The federal government has made electricity expensive for...
SBP Mulls Revising Policy Rates in Rescheduled MPC Meeting on March 2
KARACHI: In an apparent attempt to increase the pace of efforts to secure the much-awaited International Monetary Fund’s (IMF) tranche, the State Bank of Pakistan...
Energy Ministry Refutes Reports Of Increase In Power Tariff By Rs 14.24
Islamabad: The Ministry of Energy has refuted reports that the power tariff is being enhanced by 14.24 rupees per unit. In a statement, the Ministry...
Thar Coal Power Project Starts Generating 2640 Megawatt Electricity: Power Minister
Islamabad: Minister for Power Engineer Khurram Dastgir says Shanghai Thar Coal Power Project has started generating 2640 Megawatt electricity utilizing the local fuel, which will...
Petroleum Prices Likely To Be Unchanged From March 1 To 15
Islamabad: The government has decided not to decrease the prices of petroleum products for local consumers for coming fortnightly. The government has taken decision despite...
Finance Ministry Overviews Action on PM’s Austerity Drive
The Ministry of Finance on Monday overviewed the actions taken on the austerity drive initiated by Prime Minister Shehbaz Sharif at the first meeting of...
TLP To Observe Countrywide Strike Today
Lahore: The Tehreek-e-Labbaik Pakistan (TLP) on Monday is observing a countrywide shutter down strike against the skyrocketing inflation and recent increase in prices of petroleum...
Dar Directs for Early Execution of Overseas Pakistanis’ Housing Projects
Finance Minister Ishaq Dar has directed the CDA authorities for early execution of housing projects for overseas Pakistanis by maintaining international standards and transparency through...
Naveed Qamar Sees Ailing Economy Getting Better Through IMF deal
Pakistan and the United States have affirmed a mutual commitment to advancing programs and policies that elevate women’s role in Pakistan’s long-term economic growth. The...
SBP Receives $700 Million From China Development Bank
ISLAMABAD: In a positive development, the State Bank of Pakistan-held (SBP) foreign exchange reserves registered a major boost on Friday as the nation received $700...
Gold Bounces Back to Rs196,100 per tola
Gold jumped on Thursday, bouncing back from the price shock received a day earlier to trade above the key Rs196,000 per tola level as record-high...
Govt Files Petition In NEPRA To Receive Last Year Dues Of Aug-Sept From Power Customers
Islamabad: After gas, petroleum products government is preparing to burden the electricity customers more as it is likely that the electricity prices will go up...
IMF Likely to Announce Agreement on EFF with Pakistan this Week: Naveed
Commerce Minister Syed Naveed Qamar says International Monetary Fund is likely to announce its staff level agreement on Extended Fund Facility with Pakistan this week....
US Envoy Donald Bloom Meets Dar
ISLAMABAD: American Ambassador Donald Bloom met Federal Finance Minister Ishaq Dar on Wednesday. During the meeting, the finance minister said that the government of Pakistan...
China Development Bank Approves $700m For Pakistan: Ishaq Dar
Islamabad: Minister for Finance Mohammad Ishaq Dar today (Wednesday) said Board of China Development Bank has approved the facility of 700 million dollars for Pakistan....
Navved To Meet US Trade Representative Under TIFA Tomorrow
Federal Commerce Minister Naveed Qamar will meet on Thursday with US Trade Representative Katherine Tai and other senior US officials under the US-Pakistan Trade and...
Employers In Uk Trialling Four-day Working Week For Better Work-life balance
LONDON: Dozens of British employers trialling a four-day working week have mostly decided to stick with it after a pilot hailed as a breakthrough by...
Musadik Malik Along With Delegation In Azerbaijan To Hold Talks To Get PoL Products On Credit
Baku: Pakistan and Azerbaijan are in talks in Baku for the import of PoL products and Liquified Natural Gas (LNG) on credit. A Pakistani delegation...
Pakistan’s Rice Exports Fall 16pc to $1.08bn in 7MFY23
ISLAMABAD: Pakistan’s exports of rice fell by 15.82 per cent in the first seven months of the current fiscal mainly due to the flood devastation...
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Amazon Require Employees To Be In office At Least 3 Days A week
Florida:Amazon require employees to be in office at least three days a week from May 1, the e-commerce giant said on Friday. The COVID-19 pandemic...
Pakistan Exported Textile Products Worth $10 Billion in 7 Months
ISLAMABAD: Textile exports reached to $10,039.743 million during the first seven months of the current fiscal year (2022-23), Pakistan Bureau of Statistics (PBS) reported. The...
PAC Chairman Blasts Govt Over Mini Budget Demands Relief For Poor Masses
Islamabad:Chairman Publics Accounts Committee and Member National Assembly (MNA) Noor Alam Khan has announced opposing the federal government’s Finance Bill to impose new taxes. The...
Gas Prices Hiked By 16 To 113 Percent As OGRA Issued Notification Of Uptick
Islamabad: Oil and Gas Regulatory Authority (OGRA) on Wednesday increased prices of gas by 113 percent. On an advice of the petroleum division a notification...
LPG Prices Increased By Rs 27, Applicable From Feb 16 Midnight
Karachi: Liquefied Petroleum Gas (LPG) prices has been increased more on Wednesday night by Rs 27. Oil and Gas Regulatory Authority (OGRA) has increased sales...
Copy of Finance Supplementary Bill 2023 Laid in Senate
Islamabad: Session of the Senate started at the Parliament House in Islamabad on Wednesday evening with Chairman Sadiq Sanjrani in the chair. Finance Minister Ishaq...
Govt Decides To Enhance GST On Luxury Items From 17 To 25 Percent As Finance Bill 2023 Presented In NA
Islamabad: The Finance (Supplementary) Bill, 2023″ was introduced in the National Assembly today, proposing additional taxes and duties of 170 billion rupees to meet the...
Ishaq Dar Presented Mini Budget In NA and Senate
Minister for Finance and Revenue Senator Ishaq Dar sb presented “mini-budget” in the National Assembly and Senate as the government sought to fulfil the prerequisites...
Prices Of Petroleum Products May Increase by Rs 32 per litre from Tomorrow
Islamabad: The prices of petroleum products may increase by over Rs32/litre from February 16 (tomorrow). The government claimed that it is going to increase the...
PSX Sheds By 567 Points
KARACHI: Pakistan stocks fell by 567 points on Tuesday due to lackluster interest of investors after reports of new demands by the International Monetary Fund...
Petrol Prices Likely To Go Up By Rs 20 Per Litre From February 16
KARACHI: It is likely that the prices of petrol may witness an uptick of Rs20 per litre in this fortnightly. The government had carried out...
Federal Cabinet To Approve Uptick In Gas Prices Today
Islamabad: Federal cabinet on Tuesday will approve different tax proposals to fetch an additional revenue of Rs170 billion through a presidential ordinance. “We will adopt...
Cabinet Approves Power Tariff Uptick Before Virtual Talks With IMF To Be Held Today
ISLAMABAD: The federal cabinet approved a plan to increase the power tariff and end subsidies. The cabinet approved the uptick ahead of virtual talks with...
WB Appreciates Pace of Reforms for Sales tax Harmonisation
ISLAMABAD: Regional Director World Bank Mathew Verghis appreciated the progress made in harmonising the Sales Tax by Federal Board of Revenue (FBR). He said this...
Sindh Transport Dept Rebuts Claims of Closure of BRT Red Line Project
KARACH: Secretary to Sindh transport department Abdul Haleem Sheikh on Friday said reports claiming the closure of the Bus Rapid Transit (BRT) Red Line project...
Incompetent, Unqualified Imran Govt Threw 24 Number Economy To 47 In Last 5 Years: Dar
Islamabad: Finance Minister Ishaq Dar said that the parleys with the global lender ended “positively” and the government will have to impose Rs170 billion in...
IMF Welcomes PM Shahbaz Commitment For Safeguard Macroeconomic Stability
ISLAMABAD/WASHINGTON: Pakistan and the International Monetary Fund (IMF) have agreed to continue talks on a bailout deal, delaying the disbursement of $1.1 billion in funding...
Weekly Inflation Up By 0.17 Percent
Islamabad: The weekly inflation, measured by Sensitive Price Indicator (SPI), witnessed an increase of 0.17 percent for the combined consumption group during the week ended...
Pakistan, IMF Agree To Number Of Points For Completion Of EFF’s Ninth
Pakistan and the International Monetary Fund (IMF) have mutually agreed to a number of points for the completion of ninth review of the Extended Fund...
Pakistan, IMF Reach Agreement: Sources
ISLAMABAD: As the talks with the International Monetary Fund (IMF) over the $6.5 billion bailout program concluded on Thursday, Prime Minister Shehbaz Sharif approved the...
Dar Hopeful of Breakthrough in Pak-IMF Talks
ISLAMABAD: Finance and Revenue Minister Ishaq Dar is confident that the matters will be settled with the International Monetary Fund (IMF) and people will soon...
Action Across Punjab Over Artificial Scarcity Of Petrol As 2 Million Liters Petrol Recovered From Vehari
Vihari: The Action is taken across Punjab against those who created artificial scarcity of petrol. In the action as many as 2 million liters petrol...
PSX Turns Bullish As It Crossed 100 Index Limit Of 42,000 After Uptick Of 494 Points
Karachi: The Pakistan Stock Exchange (PSX) today (Thursday) on 4th day of week crossed 100 index limit of 42000 after speed up in trading. After...
Dollar Depreciated By Rs 5 in Open Market
Karachi: There is a sigh of relief for rupee as dollar depreciated by Rs 5 today and reached 274 from 279. The dollar had closed...
Rupee Gains 2.95 Against US Dollar
The Pakistan rupee gained ground against the US dollar Wednesday as the market was hopeful of a positive outcome of the ongoing talks between the...
Malik Rejects Rumours About Shortage of Petroleum Products
Minister of State for Petroleum Musadik Malik has rejected all rumours regarding shortage of petroleum products in the country. Addressing a news conference in Islamabad...
High Freight Prices lift Maersk to Record Profit in 2022
COPENHAGEN: Global shipping giant Maersk reported its biggest ever full-year profit in 2022, amid soaring freight prices and easing bottlenecks following the Covid pandemic. Maersk...
Gold Prices Fall By Rs4,300/Tola
KARACHI: Gold prices in Pakistan continued to decline for a third consecutive day amid economic uncertainty in the country. According to All-Pakistan Sarafa Gems and...
K-Electric Signs MoU With Chinese Firm to Collaborate on Renewable Energy
ISLAMABAD: K-Electric and China Three Gorges South Asia Investment Limited (CTGSAIL) Monday signed a Memorandum of Understanding (MoU) to collaborate on exploring renewable energy including...