Chinese Envoy Calls on Finance Minister Dar
China has appreciated the policy initiatives being taken by Pakistan for sustaining and boosting its fiscal and monetary stability. This came during a meeting of...
PIA Partially Shifts Flight Operation From Lahore To Islamabad Airport Due To Dense Fog
Islamabad: Pakistan International Airlines (PIA) on Wednesday announced the partial shifting of its international flight operation from Lahore to Islamabad airport due to low visibility...
Govt Rejects ‘Misleading’ Reports of Hiking power Tariff
LAHORE: Minister for Energy Khurram Dastgir on Wednesday rejected misleading reports that the government had planned an increase in the power tariff. Taking to Twitter,...
UN Chief Asks IMF, WB to Help Pakistan for Reconstruction of Flood- hit Areas
United Nations Secretary-General Antonio Guterres has urged the IMF, World Bank and the international community to support Pakistan to deal with vast devastation left behind...
Govt to Provide Friendly Environment to Encourage FDI: Dar
Finance Minister Ishaq Dar says the government will provide maximum facilitation and friendly environment to encourage foreign investment in Pakistan. He expressed these views while...
Governor Rejects SSGC Reasons For Gas Load-Shedding, Low Pressure In Karachi
Karachi: Governor Sindh Kamran Tessori disgruntled on Sui Southern Gas Company (SSGC) as he rejected all the reasons presented by the SSGC officials behind the...
Russian Minister Arriving Pakistan To Finalize Talks On Crude Oil Import: Musadik
Islamabad: Minister of State for Petroleum Division Musadik Malik has said Russian Energy Minister is arriving Pakistan next month to finalize negotiations to import crude...
PM Meeting With Economic Team Likely Today On third Consecutive Day
Islamabad: Prime Minister Shahbaz Sharif has determined for improvement of the country economy as it is likely that he will chair meeting with his economy...
Ishaq Dar Announces 10-rupee Cut In Petrol Prices
Islamabad: Finance Minister Ishaq Dar announced on Thursday that the price of petrol was being cut by Rs10 and diesel by Rs7.5. In a televised...
Govt Prepares National Emergency Plan For Saving Energy
Islamabad: Government has prepared a national emergency plan for saving energy while the emergency saving plan will be sent to next meeting of federal cabinet...
PM Directs Economic Team To Provide Relief To Masses Along With Stabilizing Economy
Islamabad: Prime Minister (PM) Shahbaz Sharif has directed his economic team to provide relief to masses along with stabilizing the economy. PM Shahbaz Sharif today...
PSX Gains 23 Points Today
Islamabad: The 100-index of the Pakistan Stock Exchange (PSX) gained 23.32 points today. The PSX closed at 41,737.62 against 41,714.30 points on the previous day....
OGRA Increases Price Of LNG For Month Of December
Islamabad: The Oil and Gas Regulatory Authority (OGRA) has increased Liquefied Natural Gas (LNG) prices for the month of December 2022. Following the increase, Sui...
IPPs and Gas Companies Bankrupted PSO
Islamabad: The Independent Power Producers (IPPs) and Gas companies have bankrupted Pakistan State Oil (PSO). The circulatory debt of PSO surmounted to more than Rs...
Smugglers, Illegal Money Laundering Mafia Have Made Country’s Economy Hostage: Ishaq Dar
Islamabad: Finance Minister Ishaq Dar has said that smugglers and illegal means of foreign currency laundering have made the country’s economy hostage. Speaking at the...
9th Review Meeting With Pakistan Remained Fruitful: IMF Representative
Islamabad: Financial institution, International Monetary Fund (IMF) representative Esther Perez has said that the negotiation with Pakistan on 9th review meeting remained fruitful. The IMF...
PM Shahbaz To Preside Vital Meeting With His Economic Team Today
Islamabad: Prime Minister Shahbaz Sharif will preside a meeting today with his economic team to stabilize the economy. Federal Minister for Finance Ishaq Dar, Governor...
Old Design Large-size Banknotes Cannot Be Exchanged After Dec 31: SBP
Islamabad: The State Bank of Pakistan (SBP) on Tuesday informed the public that old design large size banknotes could not be exchanged after December 31,...
Govt Imposes Ban To Carry More Than 30000 Dollars To Abroad Yearly
Islamabad: Owing to scarcity of the US dollars the government has imposed ban to carry more than 30,000 dollars yearly to abroad. According to Federal...
Mixed Trend Witnessed At PSX
Karachi: The 100-index of the Pakistan Stock Exchange (PSX) turned around to bullish trend today. The PSX gained 173.75, a positive change of 0.42 percent,...
Scarcity Of Medicines Feared In Country Owing To Not Opening Of LCs
Islamabad: Federal Ministry for health has written a letter to the Ministry of Finance as scarcity of drugs and medicines feared. The letter reads that...
Dollar Price Increased In Open Market By Rs 2
Karachi: Dollar flight continues to rise as dollar price increase by Rs 2 in open market on first day of the week. After an uptick...
Ishaq Dar Rubbishes Opposition’s “Campaign” On Pakistan Making Any Default
Islamabad: Finance Minister Ishaq Dar, rubbished the opposition’s “campaign” on Pakistan making any default, he said the country would never default nor it ever defaulted...
Commerce Minister Rejects Rumours of Pakistan’s Default Risk
Minister for Commerce Syed Naveed Qamar has rejected the rumours that Pakistan is on the verge of default. Talking to media in Tando Muhammad Khan,...
As Cold Intensifies Gas Shortage Reaches 1.3 Billion Cubic Feet Daily
Islamabad\Karachi\Lahore\Peshawar\Quetta: With the increase of cold season the gas crises is also on the rise in the country. The gas short fall has reached up...
Shanghai Thar-Coal 2nd 660 MW Unit Linked To National Grid This Morning: Khurram Dastagir
Islamabad: Federal Minister for Power and Electricity Khurram Dastagir on Sunday giving good news to the nation said that Shanghai Thar-coal second 660 mw unit...
ECC Approves Two Projects Related To Reko Diq Project
Islamabad: The Economic Coordination Committee has approved two important agenda items related to Reko Diq project, paving the way for early start of the Reko...
No change in SPI-based Weekly Inflation
ISLAMABAD: The Sensitive Price Indicator (SPI) based weekly inflation remained unchanged during the week ended on December 08 as compared to the previous week for...
Reko Diq Agreement With Foreign Company Declared Legal By SC
ISLAMABAD: The Supreme Court of Pakistan has declared the agreement brokered with the Canadian company Barrick Gold Corporation for the development of the Reko Diq...
Pakistan’s Debt Repayments on Track’, SBP Chief on Depleting Forex Reserves
State Bank of Pakistan (SBP) Governor Jameel Ahmad has reiterated that all debt repayments are on track, adding that country’s foreign exchange reserves are expected...
Gold Prices Reach Historic High of Rs166,400/ Tola
The gold prices witnessed another historic high on Thursday as the price of 24 karats per tola gold surged by Rs 2250 and was traded...
PSX Loses 167 Points, Closes at 41651 Points
The 100-index of the Pakistan Stock Exchange (PSX) witnessed bearish trend on Thursday, losing 167.68 points, a negative change of 0.40 percent, closing at 41651.61...
Energy Minister Inaugurates 100 MW Solar power Project in Layyah
Minister for Energy Khurram Dastgir Khan says incumbent government is working on eco-friendly and affordable power generation projects that will yield far-reaching results. Addressing the...
Oil Falls Close to 2022 Lows on Economic Worries, Easing Supply fears
LONDON: Oil weakened on Wednesday, with Brent crude falling close to its lowest this year, pressured by concern about recession and easing fears that a...
Finance Ministry Rebuts Claims of Economic Emergency
ISLAMABAD: The ministry of finance rebutted the claims of economic emergency being imposed in Pakistan and said such messages were being circulated by elements who...
Rupee Continues to Dip as Import Payment Pressure Weighs
Pakistani rupee remained under pressure on Tuesday as demand from importers seeking to pay their bills increased in the market. The rupee closed at 224.11...
ECC Approves Wheat Import of 450000MT From Russia
ISLAMABAD: The Economic Coordination Committee has accorded approval to import of 450,000 metric tonnes of wheat from Russia. ...
G7 Begins to Press Russia on Ukraine With oil Price Cap
KYIV: A Group of Seven (G7) price cap on Russian seaborne oil came into force on Monday as the West tries to limit Moscow’s ability...
No Embarrassment Over Legislation To Extend Tenure Of Ex-COAS: Saad
Lahore: Federal Minister for Railways and aviation Khawaja Saad Rafique has said that there is no embarrassment over the legislation in the parliament to extend...
Pakistan Repays $1bn Sukuk, Ends Immediate Default Risk Challenge: Bloomberg
KARACHI: The State Bank of Pakistan (SBP) said it made the payment for a $1 billion bond as per claims by the central bank chief...
ECC Approves Over Rs8.10b For Various Development Schemes
ISLAMABAD: Economic Coordination Committee has approved over 8.10 billion rupees for execution of various development schemes in the four provinces under Public Sector Development Program....
Saudi Arabia Extends Term Of $3 billion Deposited With SBP
Karachi: The State Bank of Pakistan (SBP) announced on Friday that Saudi Arabia has extended the term for the $3 billion deposited with the central...
PM Shahbaz Invites Chinese Companies To Invest In Solar Energy Projects
Islamabad: A delegation of China Construction Third Engineering Bureau (CCTEB ) led by Tan Guofu, Vice Chairman of the company called on Prime Minister Muhammad...
OGRA Increases LPG Price
ISLAMABAD: The Oil and Gas Regulatory Authority on Thursday notified Rs12 per kilogram increase in the price of LPG. LPG Association Chairman Irfan Khokhar said...
Dar Lauds AIIB for Provision of $500m to Pakistan
Minister for Finance Muhammad Ishaq Dar says provision of 500 million dollars from Asian Infrastructure Investment Bank and further inflows from international financial institutions and...
PSX Loses 24 Points, Closes at 42348.63 Points
KARACHI: The 100-index of the pakistan stock exchange (psx) on Wednesday lost 24.96 points, a nominal negative change of 0.06 percent, closing at 42348.63 against...
Gold Prices Decline by Rs400 Per Tola
The price of 24 karats per tola gold witnessed a decrease of Rs 400 on Wednesday and was traded at Rs 161,200 against its sale...
Govt Announces Reduction In Light Diesel, Kerosene Oil Prices For Next 15 Days
Islamabad: Government on Wednesday night announced petroleum products rates according to which petrol and high speed diesel will remain unchanged for next fortnightly. Federal Minister...
Govt Committed To Truly Implement Federal Shariat Court Decision Within Its Deadline : Ishaq Dar
KARACHI: Federal Minister for Finance, Senator Muhammad Ishaq Dar on Wednesday assured that PML-N led government was committed to truly implement Federal Shariah Court’s (FSC)...
Dar Seeks Support From Bank of China to Expand Bilateral Business Ties
ISLAMABAD: Minister for Finance Ishaq Dar sought the support of Bank of China and asked the Bank’s President for expansion of business relations with Pakistan...