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...
Power Ministry Is Working On efforts To Control Power Sector Losses: Khurram Dastagir
ISLAMABAD: Minister for Power Division Khurram Dastgir on Tuesday said currently no large-scale privatization of power distribution companies (DISCOs) was on card adding that efforts...
2023 to Be Tougher for Global Economy Than 2022: IMF Managing Director
The International Monetary Fund (IMF) has warned that this year will be tougher than the last year for global economy as one-third of the world’s...
Banks to Remain Closed for Public today
KARACHI: The State Bank of Pakistan and all private banks are closed for public dealing today (January 2) in the wake of bank holiday. The...
People Enrolled In BISP To Get Essential Items On Cheap Rates From USC
Islamabad: Under the Prime Minister’s Relief Package, essential food items will be provided at subsidized rates at the Utility Stores Corporation outlets across the country...
PoL Prices To Remain Unchanged For Next 15 Days
Finance Minister Ishaq Dar has announced to maintain prices of the petroleum products to provide relief to the people in view of harsh weather. Talking...
Govt Making all out Efforts for Economy’s Revival: Ahsan Iqbal
Minister for Planning and Development Ahsan Iqbal has said the government is making all out efforts for revival of the country’s economy. Addressing a news...
Dar Seeks Final Report on Circular Debt in Gas Sector
Finance Minister Ishaq Dar has directed the Committee constituted for the settlement of circular debt in gas sector to finalize their report within three working...
SBP to Issue Fresh Currency Notes With new Governor’s Signature From Today
KARACHI: The State Bank of Pakistan (SBP) has announced it will begin issuing banknotes bearing the signature of new Governor Jameel Ahmad with effect from...
Gold Continues To Shine in Pakistan
KARACHI: The prices of gold in the country continue to soar in connection with the increase in the prices of glittery metal at the international...
NEPRA Approves Decrease Of Electricity Prices For K-electric Customers By Rs 7.43
Islamabad: National Electricity Price Regulatory Authority (NEPRA) on Tuesday approved decrease of Rs 7. 43 per unit electricity for K-electric customers, the sole distributor of...
New Reserves Of Gas, Condensate Explored In D.I.Khan
DI Khan: Ministry of Energy in collaboration with private partners has explored new reserves of Gas and Condensate from an exploratory well in Dera Ismail...
Pak Suzuki Motors Halts Car, Motorcycle Production
KARACHI: Citing a shortage of completely-knocked down (CKD) kits in the country, Pak Suzuki Motor Company Ltd (PSMCL) has announced to suspend its production from...
Finance Minister Directs to Recover Each penny of GIDC From Defaulters
ISLAMABAD: Finance Minister Ishaq Dar has expressed the government’s resolve to recover each penny of Gas Infrastructure Development Cess from defaulters. Chairing a meeting on...
Gold Price Continues To Rise
Gold extended gains on Monday edging near a week’s peak despite muted trading in the international market as Pakistani currency continued to depreciate against the...
After Many Days Remained Bearish, PSX Grips Bullish Trend As It Gains 485 Points
Islamabad: The 100-index of the Pakistan Stock Exchange (PSX) witnessed bullish trend on Monday, gaining 485.96 points, a positive change of 1.23 percent, closing at...
PIA Inducts Another A-320 Aircraft into its Fleet
ISLAMABAD: The fleet of Pakistan International Airlines (PIA) continued getting strengthened as another Airbus-320, a narrow-body aircraft arrived at the Islamabad International Airport from Abu...
SBP Grants Approval to Pakistan’s First Agri-fintech App Digitt+
KARACHI: The State Bank of Pakistan (SBP) has formally granted approval to Digitt+, Pakistan’s first agriculture focused fintech, to pilot launch their Electronic Money Institution...
Pakistan: Sports Goods’ Exports Surge 29pc in 5MFY23
ISLAMABAD: The export of sports goods from Pakistan witnessed an increase of 29.36 per cent during the first five months of the current financial year...
Pak, Indonesia Sign $1mln Grant Agreement on Humanitarian Assistance for Floods
ISLAMABAD: On behalf of the Government of Pakistan, National Disaster Management Authority (NDMA) signed the grant agreement amounting to US$ 1 million with the Government...
OGDCL Makes Another Oil & Gas Discovery in Sindh
ISLAMABAD: The Oil and Gas Development Company (OGDCL) announced an oil and gas discovery at the exploratory well namely Kot Nawab-1, located in Sanghar District,...
Gold Surpasses Rs180,000 Per Tola
With an increase of Rs 1850 in the price of 24 karats per tola, the gold rates reached an all-time high to Rs 180,650 on...
PSX Gains 495 Points
The 100-index of the pakistan stock exchange (psx) turned around to bullish trend on Thursday, gaining 495.44 points, a positive change of 1.04 percent, closing...