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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, 20220561

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...

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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, 20220637

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...

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Dollar Appreciates By 22 Paisa In Inter-Bank Market

Abuzar UsamaNovember 11, 2022November 11, 2022

November 11, 2022November 11, 20220597

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, 20220534

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...

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

shan khanNovember 11, 2022November 11, 2022

November 11, 2022November 11, 20220618

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, 20220693

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...

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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, 20220880

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...

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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, 20220728

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, 20220540

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, 20220682

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, 20220585

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....

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

shan khanNovember 4, 2022November 4, 2022

November 4, 2022November 4, 20220675

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, 20220708

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...

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Govt Will Charge Tax On Pakistani-Owned Properties In Turkey

Abuzar UsamaNovember 2, 2022November 2, 2022

November 2, 2022November 2, 20220782

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, 20220770

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, 20220682

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...

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PSX Stays Bullish, Gains 544 Points

Abuzar UsamaNovember 1, 2022November 1, 2022

November 1, 2022November 1, 20220591

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,...

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OGRA Increases LPG Price

Abuzar UsamaNovember 1, 2022November 1, 2022

November 1, 2022November 1, 20220641

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, 20220587

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, 20220654

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, 20220647

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...

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Fuel Prices To Remain Unchanged in Pakistan

shan khanOctober 31, 2022October 31, 2022

October 31, 2022October 31, 20220630

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)...

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Gold Price Slides in Pakistan

shan khanOctober 31, 2022October 31, 2022

October 31, 2022October 31, 20220552

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...

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Rupee Snaps Losing Streak, Recovers By Rs1.58 Against USD

shan khanOctober 31, 2022October 31, 2022

October 31, 2022October 31, 20220502

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...

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ML-1 Railway: Pakistan, China Decide to Execute $10bn Project

shan khanOctober 28, 2022October 28, 2022

October 28, 2022October 28, 20220675

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...

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Gold Price Rises In Pakistan

shan khanOctober 26, 2022October 26, 2022

October 26, 2022October 26, 20220699

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...

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PSX Loses 157.20 Points

shan khanOctober 25, 2022October 25, 2022

October 25, 2022October 25, 20220565

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...

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Gold Price Increases in Pakistan

shan khanOctober 25, 2022October 25, 2022

October 25, 2022October 25, 20220629

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...

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PM Emphasizes Investing On Solar, Hydel Energy Sector To Avoid Pollution

Abuzar UsamaOctober 25, 2022October 25, 2022

October 25, 2022October 25, 20220618

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...

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Change Old Designs Currency Notes As All Be Expired At End Of This Year: SBP

Abuzar UsamaOctober 25, 2022October 25, 2022

October 25, 2022October 25, 20220627

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...

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Pakistan, China Agree to Execute Second Phase of CPEC

shan khanOctober 25, 2022October 25, 2022

October 25, 2022October 25, 20220618

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...

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Rupee Gains 43 Paisas Against US Dollar

shan khanOctober 24, 2022October 24, 2022

October 24, 2022October 24, 20220449

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),...

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PSX Witnesses Bullish Trend, Gains 133 Points

shan khanOctober 24, 2022October 24, 2022

October 24, 2022October 24, 20220504

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...

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NEPRA Approves Uptick In Electricity Prices For K-Electric Consumers By Rs 12.68

Abuzar UsamaOctober 24, 2022October 25, 2022

October 24, 2022October 25, 20220465

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....

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ADB To Provide $1.5b For Pakistan’s Social Protection, Food Security

Abuzar UsamaOctober 24, 2022October 24, 2022

October 24, 2022October 24, 20220478

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...

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Pakistan Has Come Out Of FATF Grey List

Abuzar UsamaOctober 21, 2022October 21, 2022

October 21, 2022October 21, 20220532

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...

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ADB Approves 1.5 Billion Dollar For Pakistan

Abuzar UsamaOctober 21, 2022October 21, 2022

October 21, 2022October 21, 20220498

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,...

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Gold Price Declines by Rs2,500 Per Tola

shan khanOctober 20, 2022October 20, 2022

October 20, 2022October 20, 20220589

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...

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Exports Increase By 40 Per cent to Rs1.605 Trillion Q1

shan khanOctober 20, 2022October 20, 2022

October 20, 2022October 20, 20220492

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...

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Ministry of Power Takes Disciplinary Action against Responsible for Blackout

shan khanOctober 20, 2022October 20, 2022

October 20, 2022October 20, 20220737

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...

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‘Charter of Economy’ Will Help Put Economy On Sustainable Growth Path: Ishaq Dar

Abuzar UsamaOctober 19, 2022October 19, 2022

October 19, 2022October 19, 20220582

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...

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Gas availability during winter will be better as compared to previous year: Musadik

Abuzar UsamaOctober 18, 2022October 18, 2022

October 18, 2022October 18, 20220600

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...

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PSX Gains 83 Points

shan khanOctober 18, 2022October 18, 2022

October 18, 2022October 18, 20220600

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,...

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US Dollar Appreciates By Six Paisa In Inter-Bank Market

Abuzar UsamaOctober 18, 2022October 18, 2022

October 18, 2022October 18, 20220629

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...

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ECC Approves Rs20.2 billion For SAP, Flood-hit Farmers

shan khanOctober 18, 2022October 18, 2022

October 18, 2022October 18, 20220613

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

shan khanOctober 17, 2022October 17, 2022

October 17, 2022October 17, 20220537

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...

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Fuel Prices To Remain Unchanged in Pakistan For Next 15 Days

shan khanOctober 15, 2022October 15, 2022

October 15, 2022October 15, 20220647

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...

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Weekly Inflation Eases by 0.57 Percent

shan khanOctober 15, 2022October 15, 2022

October 15, 2022October 15, 20220599

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...

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Gold Price Drops in Pakistan

shan khanOctober 14, 2022October 14, 2022

October 14, 2022October 14, 20220600

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...

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NEPRA Approves Decrease Of Rs4.89 Per Unit In FAC For K-Electric Consumers For August

Abuzar UsamaOctober 14, 2022October 14, 2022

October 14, 2022October 14, 20220641

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...