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...
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...