Gold Price Slides in Pakistan
KARACHI: Gold prices in Pakistan slipped on Monday as the rupee firmed while investors sought clarity on whether the political and economic uncertainty would take...
Rupee Snaps Losing Streak, Recovers By Rs1.58 Against USD
KARACHI: Pakistani currency recorded gains on the first working day of the week, as it made fresh recovery against the US dollar in the inter-bank...
ML-1 Railway: Pakistan, China Decide to Execute $10bn Project
ISLAMABAD: Pakistan and China agreed to execute the Mainline-1 (ML-1) railway project at an estimated cost of $10 billion. The Joint Coordination Committee (JCC) also...
Gold Price Rises In Pakistan
KARACHI: Gold continued to glitter in Pakistan on Wednesday on political worries, but was trading in a tight range in the absence of any fresh...
PSX Loses 157.20 Points
The 100-index of the Pakistan Stock Exchange (PSX) Tuesday lost 157.20 points, a negative change of 0.37 percent, closing at 42,190.03 against 42,347.23 points on...
Gold Price Increases in Pakistan
KARACHI: Gold extended gains and surpassed the psychological threshold of Rs148,000 per tola after seasonal demand picked up pace amid the wedding season. Data released by...
PM Emphasizes Investing On Solar, Hydel Energy Sector To Avoid Pollution
Islamabad: Prime Minister Shehbaz Sharif has emphasized on investing in the solar, wind and hydel energy sector to avoid pollution and improve air quality for...
Change Old Designs Currency Notes As All Be Expired At End Of This Year: SBP
Karachi: State Bank of Pakistan (SBP) today (Tuesday) apprised the people of the country to change the old designs currency notes of Rs 10, Rs...
Pakistan, China Agree to Execute Second Phase of CPEC
ISLAMABAD: Pakistan and China have expressed satisfaction on steady progress made on various projects and agreed to execute the second phase of CPEC. According to...
Rupee Gains 43 Paisas Against US Dollar
KARACHI: Pakistan’s rupee on Monday registered a marginal improvement of 0.20% against the US dollar in the inter-bank. According to State Bank of Pakistan (SBP),...
PSX Witnesses Bullish Trend, Gains 133 Points
The 100-index of the Pakistan Stock Exchange (PSX) Monday witnessed bullish trend on Monday, gaining 133.75 points, a positive change of 0.32 percent, closing at...
NEPRA Approves Uptick In Electricity Prices For K-Electric Consumers By Rs 12.68
Islamabad: National Electric Power Regulatory Authority (NEPRA) on Monday (today) increased electricity prices by Rs 12. 68 for the K-electric consumers under the quarterly adjustment....
ADB To Provide $1.5b For Pakistan’s Social Protection, Food Security
Islamabad: Asian Development Bank (ADB) is to provide 1.5 billion dollars to Pakistan to help it ensure social protection, promote food security and support employment...
Pakistan Has Come Out Of FATF Grey List
Islamabad: Pakistan has come out of the Financial Action Task Force (FATF) grey list after four years. The government will announce the progress on the...
ADB Approves 1.5 Billion Dollar For Pakistan
ISLAMABAD: The Asian Development Bank (ADB) on Friday approved $1.5 billion in financing to help the Government of Pakistan provide social protection, promote food security,...
Gold Price Declines by Rs2,500 Per Tola
KARACHI: Gold snapped its four-day gaining spree as price declined by 1.7% per tola in Pakistan in line with the dominant trend in the international...
Exports Increase By 40 Per cent to Rs1.605 Trillion Q1
ISLAMABAD: The exports from the country in rupee term witnessed an increase of 39.99 per cent during the first Quarter (Q1) of the current fiscal...
Ministry of Power Takes Disciplinary Action against Responsible for Blackout
Ministry of Power has taken disciplinary action against those responsible for the power blackout across the country on Saturday last. According to a notification issued...
‘Charter of Economy’ Will Help Put Economy On Sustainable Growth Path: Ishaq Dar
ISLAMABAD:Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar once again gave a clear message on Wednesday that there was no question of Pakistan...
Gas availability during winter will be better as compared to previous year: Musadik
Islamabad: Minister of State for Petroleum Musadik Malik has assured that the gas availability during this winter season will be better as compared to the...
PSX Gains 83 Points
The 100-index of the Pakistan Stock Exchange (PSX) turned around to a bullish trend on Tuesday, gaining 83.82 points, a positive change of 0.20 percent,...
US Dollar Appreciates By Six Paisa In Inter-Bank Market
Karachi: The US dollar has appreciated today by six paisa in the inter-bank market۔ After an uptick of six paisa the greenback is being traded...
ECC Approves Rs20.2 billion For SAP, Flood-hit Farmers
ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet approved technical supplementary grants (TSGs) of Rs20.2 billion for Sustainable Development Goals Achievement Program (SAP) and...
World Bank to Provide $850m in Aid to 34 flood-Affected Districts of Pakistan
World Bank will provide 850 million dollars in aid to the 34 flood-affected districts of Pakistan including Dera Ghazi Khan and Rajanpur. A delegation of...
Fuel Prices To Remain Unchanged in Pakistan For Next 15 Days
Finance Minister Ishaq Dar announced Saturday that the price of petroleum products in the country would remain unchanged. As per details, the givt despite the...
Weekly Inflation Eases by 0.57 Percent
The Sensitive Price Indicator (SPI) based weekly inflation for the week ended on October 13 for the combined consumption group witnessed a decrease of 0.57...
Gold Price Drops in Pakistan
KARACHI: Gold price in Pakistan broke its three-day-long winning streak as price declined by Rs800 per tola. The gold price declined by Rs800 per tola...
NEPRA Approves Decrease Of Rs4.89 Per Unit In FAC For K-Electric Consumers For August
The National Electric Power Regulatory Authority (NEPRA) approved a reduction of Rs4.89 per unit for K-Electric (KE) consumers on account of fuel adjustment charges FAC...
US Dollar Gets Raise In Its Value As Rs 4 Increased In Its Price In Open Market
Karachi: The US dollar has taken high flight on Friday in open market after almost two weeks as the dollar price increased by Rs 4...
Dollar Devaluation Streak Continues As It Losses 12 Paisa In Inter-bank Market
Karachi: The streak of US dollar devaluation continued on consecutive end of second week as the greenback reduced 12 paisa on Friday in the inter-bank...
Dar Meets World Bank’s Regional Vice President for South Asia
Finance Minister Senator Mohammad Ishaq Dar held a meeting with World Bank s Regional Vice President for South Asia Martin Raiser. Federal Minister for Economic Affairs...
Gold Rates up By Rs1,800 Per Tola
The per tola price of 24 karat gold on Thursday witnessed an increase of Rs1,800 and was sold at Rs148,100 against its sale at Rs146,300...
Three Provinces Left With No Electricity After Fault in Main Transmission Line
KARACHI: A major power breakdown has hit Karachi and other cities of the country as an Extra High Tension (EHT) line tripped and affected the...
Karachi Hit By Major Power Breakdown
KARACHI: A major power breakdown was reported from Karachi as multiple areas of the metropolis were out of electricity, confirmed K-Electric spokesperson Imran Rana on...
CNG Stations Across Sindh Including Karachi To Remain Close From Oct 14 To Oct 17
Karachi: The Sui Southern Gas Company (SSGC) has announced closure of Compress Natural Gas (CNG) stations all across the province. As per the SSGC, all...
PKR Continues Upward Trend Against Dollar
KARACHI: Pakistani currency continued to stabilize on the third working day of the week, as it made fresh recovery against the US dollar in the...
Bearish Trend at PSX
KARACHI: The Pakistan Stock Exchange (PSX) Tuesday reversed its uptrend as looming uncertainty dampened investor sentiment and they resorted to selling off their holdings in...
SSGC Rules Out 18-hour Gas Loadshedding
ISLAMABAD: Sui Southern Gas Company (SSGC) Tuesday rejected the reports that plans are afoot to increase the duration of gas loadshedding to 18 hours from...
Finance Minister Leaves For USA To Hold Talks With World Bank, IMF
Islamabad: Finance Minister Senator Ishaq Dar has left for the United States. During the visit, he will hold talks with IMF and World Bank officials....
Rupee Continues Strengthening Against Dollar On Start Of New Week
Karachi: Pakistani rupee appreciation continued on the start of the third week as it gained another Rs1.95 today in inter-bank market. According to data released...
Bullish Trend At PSX As 100 Index Gains 126.39 Points
ISLAMABAD: The 100-index of the Pakistan Stock Exchange (PSX) witnessed bullish trend today, gaining 126.39 points, closing at 42,211.64 points. A total of 240,194,764 shares...
SBP Issues Monetary Policy For Next Seven Weeks Retains Interest Rate Unchanged At 15 Percent
KARACHI: The State Bank of Pakistan (SBP) decided today to leave its key interest rate unchanged at 15% for the next seven weeks. “The committee...
Dar Summons ECC Meeting
ISLAMABAD: Finance Minister Ishaq Dar has summoned Economic Coordination Committee (ECC) of the cabinet to be held today (Monday) in Islamabad. According to sources, Economic...
Pakistan Is Not Going To Paris Club For Rescheduling Of Its Loans: Ishaq Dar
Islamabad: Finance Minister Ishaq Dar says all Letters of Credit payments up to fifty thousand dollars will be released by the next month. Talking to...
PSX Sheds By 75 Points
KARACHI: The Pakistan Stock Exchange (PSX) on Friday succumbed to selling pressure after closing positive for four consecutive sessions and lost 75 points in topsy-turvy...
Weekly Inflation Raised by 0.29pc
ISLAMABAD: The weekly report registered an increase in inflation by 0.29 percent, bringing the country’s overall inflation rate to 29.4 percent on Friday. According to...
Dollar Devaluation Continues As Its Price Reduce by Rs 2.2 In Inter-bank Market
Karachi: Rupee is getting strong consecutively in the second week as the dollar price decreased by Rs 1.50 in the open market. After the reduction...
Govt Announces Provision of Electricity to Exporters At Subsidised Rate
ISLAMABAD: The government on Thursday announced that it will provide subsidised electricity to the country’s exporters at Rs19.99 per unit. This was stated by Finance...
Gold Price Plunges By Rs3,400 Per Tola
KARACHI: The price of 24-karat per tola gold witnessed a sharp decline of Rs3400 on Thursday and was sold at Rs.144,900 against its sale at...
PSX Gains More 549 Points
KARACHI: The 100-index of the Pakistan Stock Exchange (PSX) continued with a bullish trend on Thursday, gaining 549.15 points, a positive change of 1.32 percent,...