SBP To Announce New Monetary Policy Today
Karachi: State Bank Of Pakistan (SBP) today (Monday) will issue a new monetary policy. It is likely that rate of mark-up will be remained same....
Uptick In Electricity Prices Likely As CPPA Appeals NEPRA For Hiking Charges
Islamabad: It is likely that electricity prices can go up more by Rs 4.69. Central Power Purchasing Agency (CPPA) has moved an appeal to National...
Rain-Hit Pakistan Faces Flood Inflation As SPI Rises to 42.31%
ISLAMABAD: Following an increase in petrol and food prices, the weekly inflation — based on the sensitive price index (SPI) — surged by 3.35% week-on-week...
Jameel Ahmed Appointed SBP Governor
KARACHI: Jameel Ahmed has been appointed as Governor State Bank of Pakistan (SBP) for five years. A notification to this effect was issued by the...
Rupee Sheds Against Dollar
KARACHI: The rupee further lost it’s value against US dollar during the early day trade in the interbank. According to forex dealers, the rupee shed...
Dollar Continues To Rise Consecutive Second Day After As Rs 2 Increased In Open Market
Karachi: The dollar flight continued on consecutive second day as an uptick of Rs 2 is reported in open market. After an uptick of Rs...
PSX Loses 195 Points, Closes at 43,481.50 Points
The KSE 100-index of the Pakistan Stock Exchange (PSX) witnessed bearish trend on Thursday, losing 195.06 points, a negative change of 0.45 percent, closing at...
Gold Price Declines by Rs2,800 Per Tola in Pakistan
KARACHI: Gold price in Pakistan plunged by Rs2,800 per tola despite the depreciation of the Pakistani rupee against the US dollar and rising international prices....
Govt Removes Ban On Import Of Non Essential And Luxury Goods
ISLAMABAD:Federal Minister for Finance and Revenue, Miftah Ismail here on Thursday announced lifting of ban on import of non-essential and luxury goods on the demand...
Bullish Trend at PSX
KARACHI: The bulls returned to the Pakistan Stock Exchange (PSX) on Wednesday and lifted the benchmark KSE-100 index by nearly 250 points. Investors were observed...
Rupee Flight Stops As Dollar Price Increases By Rs 4 In Open Market
Karachi: An uptick recorded in the USA dollar price after 11 to 12 days increasing streak of Pakistani rupee as it appreciated by Rs 4...
Businessman of Pakistan Organise Seminar In Islamabad
ISLAMABAD: Businessmen of Pakistan have said that our country has become an experimental laboratory, now these experiments should be stopped until there is political stability...
No Additional Tax Imposed On Petroleum Prices: Miftah
Islamabad:Finance Minister Miftah Ismail has said the economy is improving and the government’s next target is to control inflation. Addressing a news conference in Islamabad...
Pakistani Rupee Strengthened Against US Dollar
Karachi:Pakistani rupee strengthened against the US dollar on consecutive day as Rs appreciated by Rs 0. 98 on Tuesday in the inter-bank market. At the...
Toyota Reduces Prices of All Local Cars in Pakistan Following Currency Appreciation
LAHORE: In a turn of events Toyota Indus Motor Company (IMC) has reduced the prices for its entire completely-knocked-down (CKD) vehicle portfolio. The revised prices for...
Govt Jacks up Petrol Price For Next 15 Days
ISLAMABAD: The Government of Pakistan Monday jacked up the petrol price by Rs6 per litre for the next fortnight. “In the wake of fluctuations in...
Gold Price Declines by Rs4,300 Per Tola
The price of gold Monday decreased on the backdrop of decrease in US dollar price against the Pakistani rupee. The price of gold per tola...
PSX Stays Bullish, Gains 764 Points
ISLAMABAD: The KSE 100-index of the Pakistan Stock Exchange (PSX) witnessed bullish trend on Monday, gaining 764.25 points, a positive change of 1.78 percent, closing...
Rupee Continues Winning Streak Against US Dollar
KARACHI: The Pakistani Rupee (PKR) on Monday continued its winning streak in interbank against the US dollar. The Pakistani rupee (PKR) continues to gain ground...
SBP Issues Commemorative Rs 75 Note On Country’s Diamond Jubilee Celebrations Of Independence
Karachi: On occasion of diamond jubilee independence celebrations, the State Bank Of Pakistan, has issued a commemorative Rs 75 note. The Rs 75 note issued...
PIA Announces Reduction in Fares Ahead of Independence Day
ISLAMABAD: Pakistan International Airlines (PIA) has announced a 14 percent discount on domestic flights for the 75rd Independence Day. In a statement issued on Twitter,...
Pakistan Likely To Get $1.17 bn Loan Tranche From IMF In Last Week of August
ISLAMABAD: The long-awaited $1.17 billion tranche of Pakistan’s Extended Fund Facility with the International Monetary Fund (IMF) is likely to be approved and released by...
RDA Inflows Rise to $4.794bn In June
ISLAMABAD: The inflow of remittances under the Roshan Digital Account (RDA) rose to $4.794 billion by the end of July 2022 as compared to US...
Businesses Owned By Pak Army Pay Tax: Miftah Ismail
ISLAMABAD: Finance Minister Miftah Ismail has said that tax is applicable on all businesses owned by Pakistan Army. In his tweet, he said that Askari...
Gold Price Falls By Rs2,700 Per Tola
KARACHI: Gold extended losses into a third session on Friday, falling below the threshold of Rs140,000 per tola on the rupee’s appreciation and expectations that...
Pakistan Receives Letter Of Intent From IMF
Islamabad: Pakistan has received the letter of intent from the International Monetary Fund (IMF) for the release of the next tranche of the loan program....
PKR Appreciates Against US Dollar
KARACHI: The Pakistani Rupee (PKR) on Friday continued its winning streak in interbank against the US dollar. The Pakistani rupee (PKR) continues to gain ground...
NEPRA Notifies Rs11.1023 Per Unit hike in K-Electric’s Tariff
ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) allowed K-Electric to hike its power tariff by Rs11.1023 per unit on account of fuel charges adjustment...
Gold Price Sheds By Rs1400
KARACHI: In line with the dominant trend since the start of August, gold prices in Pakistan continued to decrease amid no demand in the market...
Rupee Appreciation Continues As Dollar Price Decreases By Rs 2.41 In Inter-bank Market
Karachi: The US dollar decreasing streak also continued on Thursday as its value against Pakistani rupee reduced by Rs 2.41 in inter-bank market. The currency...
Today’s Gold Rate in Pakistan
KARACHI: Gold price in Pakistan recorded a decrease of Rs400 on Wednesday, as it opened today after a two-day break on account of Ashura. Gold...
Bearish Trend Prevails At PSX As It Gains 639 Points
Karachi: Bearish trend prevailed at Pakistan Stock Exchange (PSX) on Wednesday. The market saw an uptick of 639 points after which the market is trading...
Dollar Falls Against PKR
KARACHI: The Pakistani Rupee (PKR) on Wednesday continued its winning streak in interbank and open market against the dollar. The Pakistani rupee (PKR) continues to...
Macro-economic stability will come with IMF program: Miftah
Karachi: Federal Minister of Finance and Revenue Miftah Ismail has clarified that macro-economic stability will soon come with the IMF program resuming before the end...
Protests Erupt In Bangladesh After 52% Hike In Fuel Prices
DHAKA: A steep increase in fuel prices in Bangladesh saw protests erupting across the country. The hike, which according to Bangladeshi media is “highest ever”,...
Gold Price Increased By Rs1,600 Per Tola
KARACHI: The price of gold per tola increased by 16 hundred rupees. In Karachi, the price of gold per tola increased by 1600 rupees to...
FBR Decides To Take Action Against 100 Big Retailers
ISLAMABAD: The Federal Board of Revenue (FBR) has notified a list of 114 unregistered retailers (Tier-1), who are required to be integrated with the FBR’s...
Dollar Depreciated After Govt’s Concrete Steps: Miftah
Finance Minister Miftah Ismail says the ban on import of luxury items will continue till next month, as it is in the interest of national...
Gold Price Declines by Rs1,300 Per Tola
ISLAMABAD: The price of 24 karat per tola gold decreased by Rs1,300 per tola and was sold at Rs141,900 on Friday against sale at Rs143,200...
Govt Burdens Peoples Once Again As Various Items Increased At Utility Stores
ISLAMABAD: The government has burdened the people once again by increasing prices of various items at utility stores across the country after increasing the prices...
US Dollar Continues To Shed Against PKR
KARACHI: The rupee continued upward trajectory on Friday, extending its gains against the dollar for the sixth consecutive session. According to the details, the greenback was...
SBP-held Foreign Exchange Reserves Decline
KARACHI: The country’s foreign exchange reserves held by the State Bank of Pakistan (SBP) continued to decline on a weekly basis. On July 29, the...
Pakistan, Japan Agree to Strengthen Ties in Divers Fields
Pakistan and Japan have agreed to strengthen bilateral political, economic and trade relations. An understanding came during a meeting of Foreign Minister Bilawal Bhutto with...
Per Tola Gold Price Decreases By Rs 2100
Karachi: After depreciation of the USA dollar, gold prices also started to decline. Per tola gold prices decreased to 1, 43,200 after reduction of Rs...
Dollar Devaluation Continues In Both Inter-Bank And Open Market On Consecutive Second Day
Karachi: Devaluation of the USA dollar continues on Thursday as well on consecutive second day as the dollar price declined by Rs 2.65 and downed...
Positive Trend Continues At PSX As Market Closed After Uptick Of 356 Points
Karachi: The positive trend continued at Pakistan Stock Exchange (PSX) on consecutive second day as the market closed at 41, 425 points after an uptick...
Rupee Strengthens Against Dollar As Dollar Price Decreased By Rs 3.50 In I-Bank Market
Karachi: Rupee devaluation which was continued since April this year saw a halt yesterday and started its appreciation on second consecutive day as Dollar devalued...
Gold Loses Shine, Price Falls by Rs8,600 Per Tola
KARACHI: Gold fell sharply on Wednesday as some investors unwound safe-haven positions as the precious commodity surrendered hefty gains to trade below Rs150,000 per tola...
Splendid Bearish Trend At PSX As 935 Points Increased In 100 Index
Karachi: The Pakistan Stock Exchange (PSX) saw fastest trend on Wednesday today as 100 index crossed limits of 41,000. After an increase of 935 points...
Dollar Sees Huge Blow As Its Price Decreases By Rs 9.38 In Inter bank Market
Karachi: The USA dollar saw huge blow on Wednesday today after its value depreciated by Rs 9.38 paisa in the inter bank market and its...