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...
Decrease Of Rs 10.26 Per Unit Likely For K-electric Customers For Month Of December Last Year
Karachi: There is good news for Karachiites regarding electric consumers as it is likely that Rs 10.26 per unit will be decreased for the month...
Pakistan, Russia Agree To Enhance Bilateral Ties In Diverse Fields
Islamabad: Pakistan and Russia have agreed to enhance bilateral relations in diverse fields. The agreement was made between Pakistan and Russian officials during 8th meeting...
Pakistan-Russia Inter-governmental Commission Meeting Begins
ISLAMABAD: The 8th meeting of the Pakistani-Russian Intergovernmental Commission on Trade, Economic, Scientific and Technical Cooperation started here on Wednesday. This session aims at reviewing...
ECC Approves Import of Old Tractors For Farmers
The Economic Coordination Committee of the Cabinet has approved import of up-to five-year old tractors under the Kissan package to reduce cost of tractors. The...
Gold Price Declines by Rs1800 per tola to Rs183,900
The price of a single tola of 24-karat gold was recorded in Hyderabad at Rs.183,900 on Tuesday. The price of 10 grams of 24k gold...
Govt Decides To Keep Petrol, Diesel Prices To Remain Unchanged
Islamabad: Government has decided that the price of petrol and diesel will remain unchanged till January 31. Finance Minister Ishaq Dar announced the decision on...
Gold Prices Shoot up by Rs5000/Tola
The price of 24 karat per tola gold witnessed an increase of Rs5,000 on Friday and was sold at Rs186,100 against its sale at Rs181,100...
Punjab Govt Approves Six Development Schemes Costing Over Rs6bln
The Punjab government has approved six development schemes of various sectors with an estimated cost over six billion rupees. These schemes were approved in the...
Dar Denies Govt’s Consideration To Have Access To Foreign Exchange Held With Commercial Banks
Islamabad: Finance Minister Ishaq Dar has categorically denied any of government’s consideration to have an access to foreign exchange held with the commercial banks. National...
World Bank projects Pakistan’s growth at 2.0 percent in FY 2022-2023
WASHINGTON:With the World Bank warning that the global economy is “perilously close to falling into recession”, the development lender forecast Pakistan’s growth at 2.0 percent...
OGRA Approves Increasing Natural Gas Prices By 74 Percent
Islamabad: The Oil and Gas Regulatory Authority (OGRA) has approved a 74 per cent increase in the prescribed prices of natural gas for the 2022-23...
LPG Prices Increased By Rs 5 Without OGRA Notification
Islamabad: The prices of Liquefied Petroleum Gas (LPG) were increased by Rs5 per kg without a notification from the Oil and Gas Regulatory Authority (OGRA)....
PM Shehbaz Sharif will visit UAE from Thursday
Islamabad:Prime Minister Muhammad Shehbaz Sharif will pay a two-day visit to the United Arab Emirates from Thursday at the invitation of UAE’s President Sheikh Mohamed...
Saudi Arabia Deliberates Upon Increasing Pakistan Deposit Amount To $5b
RIYADH: Saudi Crown Prince Mohammad Bin Salman Tuesday directed the authorities to study increasing the amount of the deposit by $2 billion to reach $5...
Bloomberg Rejects Pakistan’s Default Fears
Islamabad: US-based financial news service, Bloomberg has dismissed reports speculating that Pakistan was heading towards default, warning of economic hardship in near future. In a...
PM Thanks IDB President For His support To Flood Victims, Cooperation with Pakistan
Geneva: Prime Minister Muhammad Shehbaz Sharif held a meeting with President of Islamic Development Bank, Dr Muhammad Al-Jasser on the sidelines of International Conference on...
IDB Pledges Amount Of $4.2b For Pakistan’s Climate Resilience
Islamic Development Bank (IDB) has pledged to finance an amount of 4.2 billion dollars over the next three years for achievement of Pakistan’s climate resilience...
PM Shehbaz Hold Telephonic Conversation With MD IMF On His Request Regarding Geneva Moot
ISLAMABAD: Prime Minister Shehbaz Sharif had a constructive call with International Monetary Fund (IMF) Managing Director Kristalina Georgieva regarding the International Conference on Resilient Pakistan...
Pakistan Has Net Foreign Reserves Of $10.5 Bln: Ishaq Dar
Islamabad: Finance Minister Ishaq Dar has said that the net foreign reserves held by commercial banks stood at nearly $6 billion along with the reserves...
Karachi Trade Union Refuses to Close Markets Early
KARACHI: President Karachi traders union Hammad Poonewala has efused to comply with the federal government’s decision of early closure of markets in a bid to...
AIIB Assures Its Full Support, Cooperation to Pakistan
Finance Minister Ishaq Dar says the government inherited weak economic legacy, but is focusing on fixing things to put their in right direction and is...
Pakistan Committed To Complete IMF Programme: PM
ISLAMABAD: Managing Director of the International Monetary Fund Kristalina Georgieva on Friday called Prime Minister Muhammad Shehbaz Sharif over telephone, expressed her deep sympathy and...
Dollar Prices Increased By 50 Paisa In Open Market
Karachi: According to exchange companies association, the US dollar prices uptick on Friday (today) by 50 paisa in the open market. The dollar prices stand...
Pakistan Business Council Voices Satisfaction Over govt’s Economic Policies
Pakistan Business Council has expressed confidence in the economic policies and various energy saving initiatives take by the current government. This was stated by the...
Pak Business Express Narrowly Escapes Accident
HAIDERABAD: Pak Business Express has narrowly escaped an accident at American Quarter area. The train was saved from the accident by the presence of mind...
Traders Reject Govt’s Decision of Early Markets Closure
After the Pakistan Democratic Movement (PDM)-led coalition government announced to shut all malls and markets by 8:30pm in new energy conservation, the trading community Tuesday...
Govt Keen to Expand IT Industry for Economic Development : Dar
Finance Minister Ishaq Dar says present government is keen to expand IT industry to increase youth’s contribution to the economic development of Pakistan. He was...
Govt Decreases Prices Of 20 Essential Medicines By 30 Percent
ISLAMABAD: The federal government has approved up to a 30per cent reduction in the prices of 20 essential medicines. The decision was taken in the...