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...
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...