Honda Atlas Again Jacks up Car Prices By up to Rs550,000
KARACHI: The Honda Atlas Cars on Monday increased the prices of its vehicles for the second time in two weeks. The hike is as high...
Pakistani Rupee Appreciated By Rs 5.58 Against US Dollar In Interbank Market
KARACHI: The Pakistani rupee appreciated by Rs 5.58 against the US dollar in the interbank market on Monday (today). The forex dealers said the dollar...
Hyderabad Industrial Zone Will Soon Be Provided Ambulance, Fire Tender: Solangi
HYDERABAD: Secretary Industries and Commerce Govt of Sindh, Abdul Rasheed Solangi on Saturday visited Hyderabad SITE Association of Trade and Industries and held a detailed...
Dar Blasts Imran Khan For Ruining Economy
ISLAMABAD: Finance Minister Ishaq Dar on Saturday labelled Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan “selfish, narcissist, megalomaniac” after he declined an invitation to attend the...
Net FDI Plunges By 58.7pc in FY23
ISLAMABAD: The net Foreign Direct Investment (FDI) has plunged by 58.7 per cent during the current financial year (July-December FY23) as compared to corresponding period...
FBR Notifies Asset Details Declaration Rules for public Servants
ISLAMABAD : The Federal Board of Revenue (FBR) notified “Sharing of Declaration of Assets of Civil Servants Rules, 2023” for federal government servants of BPS17...
Dollar Rises To New Height After Uptick Of Rs 7.50 In Open Market
Karachi: The US dollar on Friday reached to a new height against the rupees. At the day’s close, the rupee plunged to Rs276.58, according to...
FBR Launches ‘App’ of Currency Declaration for Foreign Travelers
ISLAMABAD: The Federal Board of Revenue (FBR) launched a mobile application named Pass Track with regard to the currency declaration for international travelers. “The mobile...
Gold Price Increases Rs2200 to Rs207,200/Tola
The per tola price of 24 karat gold increased by Rs2,200 on Thursday and was traded at Rs207,200 against Rs205,000 the last trading day. The...
Dar Calls For Eliminating Interest-Based System From Pakistan: Ishaq Dar
Islamabad: Finance Minister Mohammad Ishaq Dar has expressed the government’s resolve to make all out efforts to transform banking system in accordance with the Islamic...
PSX Gains 113. 56 Points
ISLAMABAD: The 100-index of the Pakistan Stock Exchange (PSX) turned around to bullish trend on Thursday, gaining 113.56 points. A total of 124,087,701 shares were...
Pakistan’s January Inflation Highest in 47 years
ISLAMABAD: Pakistan’s annual inflation jumped to a decades-high level of 27.55 per cent in January this year compared to 24.5pc in the previous month, the...
UAE Ambassador calls on Ishaq Dar
ISLAMABAD: The United Arab Emirates (UAE) ambassador to Pakistan Hamad Obaid Ibrahim Salem AlZaabi called on Finance Minister Ishaq Dar. The meeting underscored exchange of...
PKR Gains Further Ground Against Dollar
KARACHI: The Pakistani rupee on Thursday gained further ground against the dollar, a day after taking a breather following the progress in talks with the...
CNG Stations Reopen in Khyber Pakhtunkhwa
PESHAWAR: The compressed natural gas (CNG) stations across Khyber Pakhtunkhwa (KP) reopened on Wednesday after a gap of a month. The city administration had closed...
Nepra Cuts Power Price by Rs2.31 per Unit
ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Tuesday reduced electricity price by Rs2.31 per unit on account of fuel cost adjustments (FCAs) for...
Philips Scraps 6,000 Jobs in Drive to improve Profitability
AMSTERDAM: Dutch health technology company Philips (PHG.AS) said on Monday it would scrap 6,000 jobs to restore its profitability following a recall of respiratory devices...
IMF Delegation Reaches Pakistan For 9th Review of Loan Program
ISLAMABAD: The ‘crucial’ talks between Pakistan and the International Monetary Fund (IMF) will start from Tuesday, as the IMF team under the supervision of mission chief...
Inflation Increased By 32.57pc on Year-on-Year Basis
ISLAMABAD: The year-on-year trend depicts an increase of 32.57 percent while the Sensitive Price Indicator (SPI)-based inflation rose by 0.45 percent for the week ended...
We Must Learn To Uphold Dignity Of Our Country In Comity Of Nations: Ishaq Dar
Islamabad :Finance Minister Ishaq Dar says fiscal discipline is inevitable for prosperity of the country and only then can democracy be stabilized. Addressing concluding session...
Govt Crushed Masses, Salaried Class By Hiking Petroleum Prices : Imran Khan
Lahore: Commenting on the government decision regarding uptick in petroleum products prices, Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan today (Sunday) said incompetent PDM government has...
Govt Increases Petrol And Diesel Prices By Rs35
Islamabad:Finance Minister Ishaq Dar on Sunday announced that the price of petrol and diesel will go up by Rs35 from today. The government has taken...
PTI Chief Responsible for Pakistan’s Economic crises: Dar
Minister for Finance Senator Mohammad Ishaq Dar says Chairman Pakistan Tehreek-e-Insaf Imran Khan is responsible for economic crisis in the country. He was addressing a...
IMF Mission to Travel to Pakistan for Dialogues on Ninth Review
ISLAMABAD: A mission of the International Monetary Fund (IMF) will travel to Pakistan from January 31 to February 9 after talks between Islamabad and the...
Holistic Energy Policy will be Finalized by End of 2023: Musadik
Minister of State for Petroleum Musadik Malik says a holistic energy policy to resolve the issue of energy on long-term basis will be finalized by...
PSX Gains Over 1,000 Points
Following the rupee’s devaluation in the open and interbank markets, the benchmark index of the Pakistan Stock Exchange (PSX) rallied and gained by more than...
ECC Authorises Rs8.39 billion Grant for Wheat seeds Subsidies
ISLAMABAD: Economic Coordination Committee (ECC) of the Cabinet authorised Benazir Income Support Program s technical supplemental grant of Rs8.39 billion under the subsidy on wheat seeds...
Exchange Companies Remove Dollar cap to dent grey Market
KARACHI: In a major decision, the Exchange Companies Association of Pakistan (ECAP) has decided to remove the cap on the US dollar, effective from today...
Pakistan, Qatar Agree to Explore Areas of cooperation in Energy Sector
Pakistan and Qatar have agreed to explore areas of cooperation in the energy sector. The understanding was reached at a meeting between Finance Minister Ishaq...
SBP Increases Interest Rate By One Percent
Karachi: State Bank Of Pakistan (SBP) on Monday increased interest rate by one percent. Addressing a presser Governor SBP Jameel Ahmed said that after an...
80 Percent Karachi Without Power Owing To Electricity Breakdown
Karachi: The massive power breakdown across the country left Karachi without power almost 80 percent without electricity on Monday. The areas wtihout power included Cliftion,...
Pakistan Faces Major Power Breakdown
A fault in high-tension transmission lines between Quetta and Guddu caused a major electricity breakdown in various parts of the country on Monday. Power outage...
Famous Buisness Personality Byram D Avari Passes Away
Karachi: The famous business personality and an owner of Avari Group Byram D Awari passed away this night today. He was 81. Byram Dinshaw Avari...
SBP To Announces Monetary Policy on January 23
KARACHI: The State Bank of Pakistan’s (SBP) Monetary Policy Committee (MPC) will convene on January 23 to determine the policy rate, the central bank said...
Rupee Falls 51 Paisa Against US dollar
The exchange rate of the Pakistani rupee depreciated by 51 paisa against the US dollar in the interbank trading on Friday and closed at Rs...
PSX Sheds By 423 Points
KARACHI: The 100-index of the Pakistan Stock Exchange (PSX) witnessed a bearish trend on Friday, losing 423.60 points, a negative change of 1.09 percent, closing...
Pakistan and Russia Agree To Sign Agreements For Promotion Of Cooperation In Diverse Fields
ISLAMABAD: Pakistan and Russia have agreed to sign few agreements for promotion of cooperation in diverse fields. The eight session of Pakistan-Russia Inter-Governmental Commission (IGC)...
Pakistan’s Foreign Reserves Rise
Snapping one of its most unnerving losing streaks in years, foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $258 million...
Govt Introducing Reforms in all Sectors to Cement Economy: Dar
Minister for Finance and Revenue Senator Mohammad Ishaq Dar held a meeting with a delegation of BB Energy headed by its Group CEO Mohamed Bassatne...
Aisha Ghaus Pasha Says Govt Wants To Revive IMF programme
ISLAMABAD: Minister of State for Finance Aisha Ghaus Pasha has said that the government wants to continue programme with the International Monetary Fund (IMF) in...
PSX Gains 44 Points, Closes at 38,831
The 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Thursday, gaining 44.49 points, a positive change of 0.10 percent, closing at...
Gold Price Falls By Rs1,200 in Pakistan
The per tola price of 24 karat gold witnessed a decrease of Rs1,200 on Thursday and was traded at Rs185,300 against sale at Rs186,500 the...
Pak-Russia Inter-Govt Commission Meeting Underway On Second Day
Islamabad: Pak-Russian 8th meeting of technical consultations of Intergovernmental Commission on Trade and Economic, Scientific and Technical Cooperation is underway on second consecutive day on...
Current Account Deficit Falls To $3.66 Bn In Jul-December 2022
Islamabad: The Current Account Deficit shrank by 60 percent to US$3.66 billion during first half (Jul-Dec) of current fiscal year as against the deficit of...
CAD Drops to $0.4 Billion in December, SBP
According to data issued by the State Bank of Pakistan (SBP), Pakistan’s current account deficit decreased (CAD) dramatically to $0.4 billion in December 2022 compared...
Gold Price Increases in Pakistan
Gold price bounced back on Wednesday as bargain hunters took advantage of recent uncertainty, but the precious metal’s outlook was still clouded by prospects of...
SBP Issues Statement Regarding Encashment of Withdrawn Prize Bonds
Following the approval of the federal government, the State Bank of Pakistan (SBP) announced an extension in the date to redeem withdrawn prize bonds of...
UAE Rolls Over 2 Billion Dollars For Stabilizing Pakistani Economy
Islamabad: A senior officer of Finance Ministry has apprised that Pakistan’s Islamic brotherly country, United Arab Emirates (UAE) has rolled over two billion dollars for...
Bullish Trend Prevailed At PSX As It Gains 448.88 Points Today
Karachi: The 100-index of the Pakistan Stock Exchange (PSX) turned around to bullish trend on Wednesday, gaining 448.88 points. A total of 153,090,751 shares were...
Action Will Be Taken Soon Against Banks Who Earned Profits From Dollars: SBP Governor
Karachi: Governor State Bank Of Pakistan (SBP) Jameel Ahmed on Wednesday (today) said that a probe against the banks who earned profits from dollar has...