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 $500m to Pakistan
Minister for Finance Muhammad Ishaq Dar says provision of 500 million dollars from Asian Infrastructure Investment Bank and further inflows from international financial institutions and...
PSX Loses 24 Points, Closes at 42348.63 Points
KARACHI: The 100-index of the pakistan stock exchange (psx) on Wednesday lost 24.96 points, a nominal negative change of 0.06 percent, closing at 42348.63 against...
Gold Prices Decline by Rs400 Per Tola
The price of 24 karats per tola gold witnessed a decrease of Rs 400 on Wednesday and was traded at Rs 161,200 against its sale...
Govt Announces Reduction In Light Diesel, Kerosene Oil Prices For Next 15 Days
Islamabad: Government on Wednesday night announced petroleum products rates according to which petrol and high speed diesel will remain unchanged for next fortnightly. Federal Minister...
Govt Committed To Truly Implement Federal Shariat Court Decision Within Its Deadline : Ishaq Dar
KARACHI: Federal Minister for Finance, Senator Muhammad Ishaq Dar on Wednesday assured that PML-N led government was committed to truly implement Federal Shariah Court’s (FSC)...
Dar Seeks Support From Bank of China to Expand Bilateral Business Ties
ISLAMABAD: Minister for Finance Ishaq Dar sought the support of Bank of China and asked the Bank’s President for expansion of business relations with Pakistan...
Pakistan Receives 500 Million Dollars From Asian Infrastructure Investment Bank
Islamabad: Pakistan has received five hundred million dollars from Asian Infrastructure Investment Bank (AIIB). Govt of Pakistan has today received US$ 500 million from Asian...
Beware: Carrying Betel Nuts To Turkiye May Get You in Deep Trouble
KARACHI: Civil Aviation Authority (CAA) on Monday put a complete ban on carrying areca nut – commonly known as betel nut or Chalia in Urdu...
Dar Satisfied Over Sugar Availability, Production
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
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
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
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...
PR Receives 46 Modern Passenger Coaches from China
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...
SBP Rebuts Reports of Holding Payments to Google
KARACHI – The State Bank of Pakistan (SBP) has rejected media reports as “baseless and misleading” about holding certain payments to Google. The response from...
Inflation Rate Soars in the Country
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
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....
Pakistan’s Exports Up by 35.7% in First Dour Months of FY22-23
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...
Pakistan’s Tea Imports Increase by 2.21% to $192 Million During 4MFY23
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...
SBP’s Monetary Policy Committee to Meet on Nov 25
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
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...
Finance Minister Emphasizes on Maintaining Strategic Reserves of Sugar
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...
PSX Gains 30.95 Points
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...
Chaman Border Reopens After More Than a week’s Closure
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...
Red Line Buses To Soon Hit the Roads in Karachi
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....
Crude Oil, Gas Prices Decrease in Global Market
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...
Weekly Inflation Goes up by 0.62 Percent
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...
ECC Approves Import of Urea Fertilizer
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
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
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...
Pakistan’s LSM Growth Shrinks 0.4% in Q1 FY23
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...
WB to Provide Support Worth $1.3b to Flood-hit Farmers
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...
International Accord Offers Services to Pakistan Textile Industry
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...
Fuel Prices To Remain Unchanged For Next 15 Days
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...
ECC Approves Rs 1,802 billion of Kissan Package
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...