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Pakistan Receives 500 Million Dollars From Asian Infrastructure Investment Bank

Abuzar UsamaNovember 29, 2022November 29, 2022

November 29, 2022November 29, 20220580

Islamabad: Pakistan has received five hundred million dollars from Asian Infrastructure Investment Bank (AIIB). Govt of Pakistan has today received US$ 500 million from Asian...

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Beware: Carrying Betel Nuts To Turkiye May Get You in Deep Trouble

shan khanNovember 28, 2022November 28, 2022

November 28, 2022November 28, 202201709

KARACHI: Civil Aviation Authority (CAA) on Monday put a complete ban on carrying areca nut – commonly known as betel nut or Chalia in Urdu...

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Dar Satisfied Over Sugar Availability, Production

shan khanNovember 28, 2022November 28, 2022

November 28, 2022November 28, 20220479

ISLAMABAD: Federal Minister for Finance and Revenue Senator, Mohammad Ishaq Dar, here on Monday expressed satisfaction over the availability and production of sugar in the...

PSX Crashes As KSE-100 Index Losses 850 Points Owing To SBP’s Uptick In Interest Rate

Abuzar UsamaNovember 28, 2022November 28, 2022

November 28, 2022November 28, 20220512

KARACHI: The stock market took a hit with the benchmark KSE-100 index losing more than 850 points today owing to the State Bank (SBP) unexpected...

Pakistani Delegation Leaves For Russia To Negotiate Deal For Cheap Petrol

Abuzar UsamaNovember 28, 2022November 28, 2022

November 28, 2022November 28, 20220461

Moscow: Pakistani delegation has left for Russia on a task to negotiate deal for buying cheap petrol from Moscow. Minister for State for petroleum Musadiq...

PSX Collapses Owing To SBP Hike Of Interest Rate As Market Sheds 700 Points

Abuzar UsamaNovember 28, 2022November 28, 2022

November 28, 2022November 28, 20220470

Islamabad: Pakistan Stock Exchange (PSX) today collapsed after owing to increase of interests rate by State Bank of Pakistan. The benchmark KSE-100 index lost 707...

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PR Receives 46 Modern Passenger Coaches from China

shan khanNovember 28, 2022November 28, 2022

November 28, 2022November 28, 20220456

Pakistan Railways has received 46 coaches from China as a first consignment which will help improve travelling services for passengers across the country. The department...

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SBP Rebuts Reports of Holding Payments to Google

shan khanNovember 28, 2022November 28, 2022

November 28, 2022November 28, 20220436

KARACHI – The State Bank of Pakistan (SBP) has rejected media reports as “baseless and misleading” about holding certain payments to Google. The response from...

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Inflation Rate Soars in the Country

shan khanNovember 26, 2022November 26, 2022

November 26, 2022November 26, 20220583

ISLAMABAD: Pakistan has recorded an increase of 0.48 percent in the weekly inflation rates this week. According to a recent report published by the Bureau...

SBP Issues Monetary Policy Fixing Interest Rate On 16 Percent

Abuzar UsamaNovember 25, 2022November 25, 2022

November 25, 2022November 25, 20220374

Karachi: State Bank of Pakistan (SBP) on Friday announced a monetary policy for next two months as it fixed an interest rate on 16 percent....

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Pakistan’s Exports Up by 35.7% in First Dour Months of FY22-23

shan khanNovember 25, 2022November 25, 2022

November 25, 2022November 25, 20220399

ISLAMABAD: The exports from Pakistan witnessed an increase of 35.77% during the first four months of the current fiscal year (2022-23), in rupee terms, as...

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Pakistan’s Tea Imports Increase by 2.21% to $192 Million During 4MFY23

shan khanNovember 24, 2022November 24, 2022

November 24, 2022November 24, 20220515

ISLAMABAD: The tea imports witnessed an increase of 2.21% during the first four months of the current fiscal year as compared to the corresponding month...

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SBP’s Monetary Policy Committee to Meet on Nov 25

shan khanNovember 23, 2022November 23, 2022

November 23, 2022November 23, 20220584

KARACHI: The State Bank of Pakistan (SBP) will announce its new monetary policy after a meeting of the Monetary Policy Committee (MPC) on Friday. In...

Omni Group’s Abdul Ghani Majeed Sends Defamation Suit Of Rs 9 Billion To Imran Khan

Abuzar UsamaNovember 22, 2022November 22, 2022

November 22, 2022November 22, 20220805

Karachi: Abdul Ghani Majeed of Omni group has sent defamation notice of worth Rs 9 billion to Pakistan Tehreek-e-Insaf chief Imran Khan. The son of...

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Finance Minister Emphasizes on Maintaining Strategic Reserves of Sugar

shan khanNovember 22, 2022November 22, 2022

November 22, 2022November 22, 20220502

Finance Minister Ishaq Dar has emphasized on maintaining strategic reserves of sugar and its prices to provide maximum relief to masses. He was talking to...

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PSX Gains 30.95 Points

shan khanNovember 21, 2022November 21, 2022

November 21, 2022November 21, 20220466

KARACHI: The 100-index of the pakistan stock exchange (psx) gained 30.95 points on Monday, depicting a slight positive change of 0.07 percent, closing at 42761.19...

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Chaman Border Reopens After More Than a week’s Closure

shan khanNovember 21, 2022November 21, 2022

November 21, 2022November 21, 20220542

CHAMAN: The Pakistan-Afghanistan border in Chaman was reopened Monday morning after more than a week’s closure following a deadly attack from the neighbouring country. The...

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Red Line Buses To Soon Hit the Roads in Karachi

shan khanNovember 19, 2022November 19, 2022

November 19, 2022November 19, 20220581

KARACHI: Sindh government has decided to bring the Red Line buses on the road soon. The construction on the project is underway in full pace....

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Crude Oil, Gas Prices Decrease in Global Market

shan khanNovember 19, 2022November 19, 2022

November 19, 2022November 19, 20220496

NEWYORK: The price of crude oil has decreased in the global market, its price in the global market has decreased by 5 percent. After the...

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Weekly Inflation Goes up by 0.62 Percent

shan khanNovember 19, 2022November 19, 2022

November 19, 2022November 19, 20220908

ISLAMABAD: The Sensitive price Indicator (SPI) based weekly inflation for the week ended on November 17 for the combined consumption group witnessed an increase of...

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ECC Approves Import of Urea Fertilizer

shan khanNovember 19, 2022November 19, 2022

November 19, 2022November 19, 20220691

ISLAMABAD: The Economic Coordination Committee (ECC) has approved import of 160,000 metric tonnes of Urea to meet its demand in the country. The ECC, which...

CM Sindh Meeting With World Bank Official Decide To Give Rs 5k To Farmers To Plant Rabi Crops

Abuzar UsamaNovember 18, 2022November 18, 2022

November 18, 2022November 18, 20220553

Karachi: Sindh Chief Minister Syed Murad Ali Shah on Friday called on World Bank regional director Mr John Roome, The CM Sindh meeting with Regional...

SBP-Held Foreign Exchange Reserves Surge $3m to $7.96bn

shan khanNovember 18, 2022November 18, 2022

November 18, 2022November 18, 20220643

KARACHI: Foreign exchange reserves held by the State Bank of Pakistan (SBP) surged by $3 million to $7.96 billion as of November 11, according to...

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Pakistan’s LSM Growth Shrinks 0.4% in Q1 FY23

shan khanNovember 17, 2022November 17, 2022

November 17, 2022November 17, 20220670

ISLAMABAD: Large-scale manufacturing (LSM) output declined 0.4% in July-September FY23 compared to the same quarter last fiscal as costlier inputs due to rupee devaluation, high...

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WB to Provide Support Worth $1.3b to Flood-hit Farmers

shan khanNovember 16, 2022November 16, 2022

November 16, 2022November 16, 20220506

ISLAMABAD: The World Bank will provide a financial support of 1.3 billion dollars for emergency, agriculture and housing relief to the farmers in flood affected...

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International Accord Offers Services to Pakistan Textile Industry

shan khanNovember 16, 2022November 16, 2022

November 16, 2022November 16, 20220602

LAHORE: International Accord on Health and Safety in the Textile and Garment Industry Executive Director Joris Oldenziel offered services to the textile industry of Pakistan...

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Fuel Prices To Remain Unchanged For Next 15 Days

shan khanNovember 15, 2022November 15, 2022

November 15, 2022November 15, 20220754

ISLAMABAD: Petroleum products’ prices remained unchanged effective from November 16, Finance Minister Ishaq Dar announced on Tuesday. The prices have been unchanged until the next fortnight...

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ECC Approves Rs 1,802 billion of Kissan Package

shan khanNovember 15, 2022November 15, 2022

November 15, 2022November 15, 20220650

Minister for Finance Senator Mohammad Ishaq Dar presided over the meeting of the Economic Coordination Committee in Islamabad. The ECC approved the Kissan package as...

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SBP Introduces Whistle Blowing Forum to Discourage Unauthorized Foreign Exchange Activities

shan khanNovember 12, 2022November 12, 2022

November 12, 2022November 12, 20220557

KARACHI: State Bank of Pakistan (SBP) introduced a ‘Whistle Blowing Forum’ for identification of unauthorised foreign exchange activities for promoting an environment of accountability and...

NEPRA Approves Reduction In Prices Of Electricity By Rs 5.13 For K-electric Consumers

Abuzar UsamaNovember 11, 2022November 11, 2022

November 11, 2022November 11, 20220632

Islamabad: National Electric Power Regulatory Authority (NEPRA) today approved a decrease of Rs 5. 13 electricity prices for K-electric consumers for the month of September...

Dollar Appreciates By 22 Paisa In Inter-Bank Market

Abuzar UsamaNovember 11, 2022November 11, 2022

November 11, 2022November 11, 20220592

Karachi: Dollar appreciated by 22 paisa in the inter bank market today. After an uptick in the dollar price the dollar closed at Rs 221.64....

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Dollar Appreciates Against Rupee

shan khanNovember 11, 2022November 11, 2022

November 11, 2022November 11, 20220529

KARACHI: The Pakistani Rupee (PKR) has depreciated by 33 paisa in intraday trade against the US dollar on Friday in interbank. After the depreciation, the...

Pakistan to Launch 5G Technology by July 2023: Amin-ul-Haque

shan khanNovember 11, 2022November 11, 2022

November 11, 2022November 11, 20220615

KARACHI: Federal Minister for Information Technology and Communication Syed Aminul Haque said that manufacturing of smart-phones had been started in Pakistan while 5G technology would...

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Rupee’s Upward Slide Against US Dollar Continues

shan khanNovember 10, 2022November 10, 2022

November 10, 2022November 10, 20220687

The rupee’s upward trajectory against the US dollar in the interbank market continued on Thursday. According to the Forex Association of Pakistan (FAP), the rupee...

Govt Announces To Work On Riba-Free Banking System Following Federal Shariat Court Verdict: Ishaq Dar

Abuzar UsamaNovember 9, 2022November 9, 2022

November 9, 2022November 9, 20220871

Islamabad:Finance Minister Ishaq Dar on Wednesday (today) announced that State Bank of Pakistan (SBP) and National Bank of Pakistan (NBP) will withdraw their appeals from...

Govt Decides To Limit Foreign Currency Buying And Selling For Masses To Lower US Dollar Rate

Abuzar UsamaNovember 9, 2022November 9, 2022

November 9, 2022November 9, 20220717

Islamabad: The federal government has decided to limit foreign currency bought per person and limited outflow to $50,000 per year with the aim of lowering...

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Govt to Limit Foreign Currency Purchase to Bring Down US Dollar

shan khanNovember 9, 2022November 9, 2022

November 9, 2022November 9, 20220535

The coalition federal government has decided to limit foreign currency bought per person and limited outflow to $50,000 per year to lower the open market’s...

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Petroleum Division Rejects Fuel Shortage Rumuours

shan khanNovember 8, 2022November 9, 2022

November 8, 2022November 9, 20220667

ISLAMABAD: Amid news circulating regarding fuel shortage in the country, the Ministry of Energy Tuesday rejected such rumours and termed them as “baseless“. The Petroleum...

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Govt Will Not Approach Paris Club for Debt Rescheduling: Ishaq Dar

shan khanNovember 5, 2022November 5, 2022

November 5, 2022November 5, 20220579

Finance Minister Ishaq Dar has said regardless of challenges compounded by floods, it is utmost effort of the government to extend relief to the masses....

Pakistan’s Foreign Exchange Reserves Surge to 15-Week High

shan khanNovember 4, 2022November 4, 2022

November 4, 2022November 4, 20220669

KARACHI: Pakistan’s foreign exchange reserves held by the State Bank of Pakistan (SBP) soared by nearly 20% — to a 15-week high — surpassing the...

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Current Account Deficit Declines to $2.2 Billion in Q1

shan khanNovember 3, 2022November 3, 2022

November 3, 2022November 3, 20220702

ISLAMABAD: The Current Account Deficit (CAD) declined to US $2.2 billion during the first quarter (Q1) of the current fiscal year as compared with the...

Govt Will Charge Tax On Pakistani-Owned Properties In Turkey

Abuzar UsamaNovember 2, 2022November 2, 2022

November 2, 2022November 2, 20220780

Islamabad: The Government of Pakistan has taken an initiative to document and tax immovable properties held by Pakistanis abroad in Turkey and approached the concerned...

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Chinese Companies Show Interest in Investment, Joint Ventures in Pakistan

shan khanNovember 2, 2022November 2, 2022

November 2, 2022November 2, 20220765

The Chinese companies have evinced keen interest in investment and joint ventures in Pakistan. During a meeting with Prime Minister Shehbaz Sharif in Beijing on...

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JS Group Becomes Partner Of 500 Global To Bring Fund For Startups In Pakistan

Abuzar UsamaNovember 1, 2022November 1, 2022

November 1, 2022November 1, 20220675

The 500 Global, one of the most active venture capital firms in the world, has partnered with JS Group, one of Pakistan’s leading financial services...

PSX Stays Bullish, Gains 544 Points

Abuzar UsamaNovember 1, 2022November 1, 2022

November 1, 2022November 1, 20220586

Karachi : The 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Tuesday, gaining 544.03 points, a positive change of 1.32 percent,...

OGRA Increases LPG Price

Abuzar UsamaNovember 1, 2022November 1, 2022

November 1, 2022November 1, 20220637

Islamabad: As winter rolls around, the Oil and Gas Regulatory Authority (OGRA) on Tuesday increased the price of liquefied petroleum gas (LPG) by Rs2.95 per...

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Dollar Devalues In Both Inter-bank and Open Market Today

Abuzar UsamaNovember 1, 2022November 1, 2022

November 1, 2022November 1, 20220581

Karachi: Dollar has depreciated both in the interbank and open market on second day of week. The greenback devalued by 24 paisa in the interbank...

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Govt Extends Income Tax Returns Filing Date Till Nov 30

shan khanNovember 1, 2022November 1, 2022

November 1, 2022November 1, 20220648

ISLAMABAD: Federal Minister for Finance and Revenue Ishaq Dar Monday announced the government’s decision to extend the income tax returns filing date till November 30....

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ECC Approves Import of 300,000 MT Wheat From Russia

shan khanNovember 1, 2022November 1, 2022

November 1, 2022November 1, 20220637

The Economic Coordination Committee (ECC) has approved the summary for the purchase of 300,000 MT of wheat from Russia on a government-to-government (G2G) basis. The...

Fuel Prices To Remain Unchanged in Pakistan

shan khanOctober 31, 2022October 31, 2022

October 31, 2022October 31, 20220620

The prices of petroleum products will remain unchanged effective from November 1, Finance Minister Ishaq Dar announced Monday, ahead of the International Monetary Fund’s (IMF)...

28th defense review committee concludes two-day meeting…

Pakistan, Kuwait forge new defense pact to…

Judicial Panel Summons Family of Mir Raza…

Sindh govt mandates 10 fire safety measures…

President, PM condole loss of lives in…

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Saudi Arabia, Iran, Türkiye and others express…

PR Receives 46 Modern Passenger Coaches from China

Inflation Rate Soars in the Country

Pakistan’s Tea Imports Increase by 2.21% to $192 Million During 4MFY23

Red Line Buses To Soon Hit the Roads in Karachi

ECC Approves Import of Urea Fertilizer

Dollar Appreciates Against Rupee

Pakistan’s Foreign Exchange Reserves Surge to 15-Week High

JS Group Becomes Partner Of 500 Global To Bring Fund For Startups In Pakistan

Govt Extends Income Tax Returns Filing Date Till Nov 30