Finance Ministry Sends Six Names To PM Secretariat For Appointment of Governor SBP
Islamabad: The finance ministry has sent six names for the post of Governor State Bank Of Pakistan (SBP) to the prime minister secretariat. The names...
US Dollar Reaches All Time High Rs 230 In Inter Bank Market
Karachi: The US dollar rising flight is continued on Monday today as the greenback reached at all time high in the inter-bank market. The US...
Pakistan Foreign Exchange Reserve Reaches 9.3 Billion Dollars: Deputy Governor SBP
Karachi: Deputy Governor State Bank Of Pakistan ( SBP) Dr Inayat Hussain on Sunday apprised that Pakistan foreign reserved turned 9.3 billion dollars. We have...
Our Comparison With Sri Lanka Can Not Be Drawn As IMF Is Satisfied: Governor SBP
Karachi: Governor State Bank Of Pakistan (SBP) Dr Murtaza Syed has said that our comparison can be drawn with Sri Lanka as International Monetary Fund...
NEPRA Okays Power Tariff Increase by Rs7.91 per Unit
ISLAMABAD: The National Electric and Power Regulatory Authority (NEPRA) has approved the government’s request to increase the power tariff by Rs7.91. According to the notification...
OGRA Revises Price of RLNG
ISLAMABAD: Oil and Gas Regulatory Authority (OGRA) on Friday notified the revised price of Re-gasified Liquefied Natural Gas (RLNG) on networks of the SSGC and...
PSX Gains 245.55 Points to Close at 40,077.30 Points
ISLAMABAD: The KSE 100-index of the pakistan stock exchange (psx) witnessed bullish trend on Friday, gaining 245.55 points, a positive change of 0.62 percent, closing...
Gold Price Up By Rs900 to Rs145,400/Tola
ISLAMABAD: The price of 24 karat per tola gold witnessed an increase of Rs900 per tola and was sold at Rs145,400 on Friday against its...
Rupee Declining Trend Continues As Political Uncertainty Exists
KARACHI: The Pakistani rupee continued to fall against the US dollar, reaching a lifetime low of 229 during intraday trade in the interbank market Friday....
KE Seeks Another Tariff Hike
K-Electric has also sought Rs11.38 increase in power tariff under the monthly fuel adjustment for the month of June. The power regulator will conduct hearing...
Dollar Hits Historic High, Reaches Rs227 in Interbank
KARACHI: Amid the political uncertainty in the country due to PTI’s landslide triumph in make-or-break Punjab by-elections, the Pakistani rupee nosedive continued and dropped to...
Aviation Minister announces up to 15% reduction in PIA’s fares on int’l routes
Islamabad: Minister for Aviation Khawaja Saad Rafique has announced up to 15 per cent reduction in the PIA’s fares on international routes aimed at passing...
PSX Gains 70 Points, Closing at 40,459 Points
The KSE 100-index of the Pakistan Stock Exchange (PSX) witnessed bullish trend on Wednesday, gaining 70.63 points, a positive change of 0.17 percent, closing at...
Gold Price Drops By Rs1,200 Per Tola Despite Depreciation in Rupee
KARACHI: Gold price in Pakistan dropped by Rs1,200 per tola in Pakistan despite rupee depreciation — which hit an all-time low of Rs224.92 against the...
Trade fundamentals corrected as result of measures taken by Govt over last few months: Miftah
Islamabad: Finance Minister Miftah Ismail has said the trade fundamentals have been corrected as a result of measures taken by the present government over the...
PM Shahbaz Convenes Emergency Meeting On Economic Situation
ISLAMABAD: Prime Minister Shehbaz Sharif has called an emergency meeting on the economic situation of the country, the PM Office said Wednesday. The meeting will...
Dollar Prices Continue To Rise As Rs 3.1 Increased In Inter-bank Market
Karachi: Rising trend in dollar prices against rupees continued on Wednesday as dollar prices increased in Inter-bank market by Rs 3.1 after which it climbed...
Sindh Govt Extends Restrictions Imposed On Market Timings Owing To Power Crisis
KARACHI: The Sindh Government Tuesday extended the curbs imposed on market timings in the province as the power crisis persists across the country. The measure,...
Intense Bearing Trend Witnessed At PSX As Benchmark KSE-100 Index Shedded Nearly 1,000 points
KARACHI: The Pakistan Stock Exchange witnessed intense bearing trend as the benchmark KSE-100 index shedded nearly 1,000 points on Tuesday. Investors reacted with panic to...
Fitch Rating Revises Pakistan’s Outlook From Stable To Negative
HONG KONG: Fitch Ratings has revised Pakistan’s outlook from stable to negative on Tuesday. The ratings affirming its long-term foreign currency (LTFC) issuer default rating...
Govt and Petroleum Dealers Talks Remains Successful As Dealers Demand Fulfilled
Islamabad:The Ministry of Petroleum has agreed to the demand of the Pakistan Petroleum Dealers Association (PPDA) to increase their profit margin on petroleum products. The...
Gold Price Declines By Rs250
KARACHI: The gold price in Pakistan continued to decline on the third day during this week, decreasing by Rs250 per tola on Saturday. According to...
World Bank Approves $200m For Pakistan
The World Bank’s Board of Executive Directors on Saturday approved $200 million in financing to support Pakistan’s agriculture sector. The amount will be utilised in...
PIA Slashes Fares
LAHORE: Federal Minister for Railways and Aviation Khawaja Saad Rafique has announced to slash fares of trains and Pakistan International Airlines (PIA) flights. The minister...
PSX Sheds 274 Points
KARACHI: The Pakistan Stock Exchange (PSX) closed the week on a negative note as the bears and bulls locked horns to take charge of the...
PM Shehbaz Announces Massive Reduction in Fuel Prices
ISLAMABAD: Prime Minister Shehbaz Shairf Thursday slashed the price of petrol by Rs18.50 per litre in order to provide maximum relief to the consumers. Addressing...
Gold Price Declines By Rs1050
KARACHI: The price of gold on Thursday dropped as the Pakistani rupee thrashed greenback after deal with International Monetary Fund (IMF). The price of 24-carat...
Dollar Price Got Reverse Gear In Currency Market
Karachi: The USA dollar got reverse gear in the currency market on Thursday and as its value depreciated on both the inter-bank and the open...
PIA Inducts Another Airbus-320 Into Its Fleet
Islamabad: Pakistan International Airlines (PIA) has inducted another Airbus-320 into its fleet. PIA Spokesperson Abdullah Hafeez Khan told media that the induction will help improve...
Fuel Prices Likely To Go Down
ISLAMABAD: Prime Minister Shehbaz Sharif has summoned a summary from the Ministries of Finance and Petroleum recommending a reduction in the price of petroleum products...
Pakistan’s Exports to China Surged 8% in June
BEIJING: Pakistan’s exports to China in June 2022 have increased by 8% to US$251.30 million as compared to the corresponding month of the previous year...
Oil Slides as renewed China COVID Curbs Temper Fuel Demand Outlook
SINGAPORE: Oil prices fell on Tuesday as fresh COVID-19 curbs in China, the world’s biggest crude importer, and fears of a global economic slowdown weighed...
Oil Companies Stop Supplying Oil To Karachi Over Blockage Of Roads and Arteries Due To Rains
Karachi: The oil companies have stopped supplying oil in Karachi owing to heavy rains in the city. As per the Petroleum Retailers Association (PRA) press...
Govt Hikes Power Tariff by Rs1.55 Per Unit
ISLAMABAD: The government has once again increased the price of electricity by Rs 1.55 per unit, which will impose an additional burden of Rs 39...
Gold Price Rises by Rs200 Per Tola in Pakistan
KARACHI: Despite the appreciation of the Pakistani rupee against the US dollar, the gold price in Pakistan extended gains on Friday. The price of the...
30 Essential Goods Prices Turn Expensive Before Eid Ul Adha
Islamabad: The annual inflation rate in the country reached on the highest place of 33.6 percent after an increase of 1. 3 percent on a...
PSX Gains 180 Points
KARACHI: The Pakistan Stock Exchange (PSX) endured a tumultuous session on Thursday and the benchmark KSE-100 index recorded multiple ups and downs as investors awaited...
Gold Price Declines by Rs1,000
KARACHI: The gold price in Pakistan declined by Rs1,000 per tola in line with the continuous decline in international prices. According to rates issued by...
Fuel Prices Decreased Internationally: Miftah
ISLAMABAD: Minister for Finance and Revenue Miftah Ismail says the international prices of ghee and cooking oil are getting down and we will accordingly reduce...
NEPRA Approves Increase In Electricity Tariff By Rs 7.90 Per Unit
ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) on Thursday approved another hike in power tariff by Rs7.90 per unit. According to a notification issued...
SBP Increases Interests Rate By 15%
Karachi: The State Bank of Pakistan (SBP) on Thursday raises the interest rate by 125 basis points to 15%, the highest ever in the country’s...
PR Announces 30pc Reduction in Fares
LAHORE: In order to facilitate masses on the occasion of Eidul Azha, Pakistan Railways has announced a 30 percent discount in fares. According to the...
Gold Price Increases in Pakistan
KARACHI: Gold price in the local market recorded an increase of Rs100 per tola on Wednesday as the local currency once again plunged to Rs207.99...
PSX Gains 57 Points
KARACHI: The Pakistan Stock Exchange (PSX) staged a rebound on Wednesday but the KSE-100 index rose just 57 points in range-bound trading as investors were...
Dollar Price Climbs To 208 In Inter-bank Market
Karachi: The USA dollar continues to rise on Wednesday as it reached Rs 208 in inter-bank market. The dollar price in the inter-bank increased by...
Pakistan Rice Export to China Increases Nearly 10%
BEIJING: Pakistan’s export of rice to China crossed $277.56 million in the first five months of Financial Year 2021-2022, up 9.73 percent year-on-year bases. Pakistan...
Gold Price Goes Up in Pakistan
KARACHI: Gold price in Pakistan rise by Rs1,500 per tola in Pakistan on Tuesday in line with the depreciation of the Pakistani rupee against the US dollar....
PSX Falls By 245 Points
KARACHI: The Pakistan Stock Exchange (PSX) on Tuesday continued its downward trend with a loss of over 200 points. The stock market opened in the...
Dollar Flight Continues To Rise As It Appreciated Both In Inter-bank and Open Market
Karachi: Dollar flight continues to rise as the US currency appreciated in both inter-bank market and open market on Tuesday. The greenback surpassed to Rs...
PSX Sheds 282 Points
KARACHI: The Pakistan Stock Exchange (PSX) started the week on a negative note as the bulls staged a comeback and the market closed with a...