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...
Rupee Makes Recovery Against Dollar
KARACHI: The Pakistani rupee recovered on Monday, closing at 204.56 against the US dollar in the interbank market. According to data released by the State...
Gold Price Declines By Rs300
KARACHI: The gold price in Pakistan receded on Monday with a drop of Rs300 per tola amid rising inflation. According to the All Sindh Sarafa...
Vegetable Prices Skyrocket Ahead of Eid
With Eid-ul-Azha just around the corner, prices of vegetables have almost doubled across the country. The prices of essential vegetables have skyrocketed as shopkeepers are...
Inflation Rises to 14-year High of 21.3% in June
ISLAMABAD: The inflation rate in Pakistan spiked to 21.3% in June — the highest pace since 2008 — because of exponential growth in the prices...
PSX Gains 90 Points
KARACHI: The bulls maintained their grip on the Pakistan Stock Exchange (PSX) on Friday as the benchmark KSE-100 index extended the rally with a meagre...
Gold Price Sheds By Rs343 Per Tola
KARACHI: Gold price in Pakistan Friday extended losses as the yellow metal shed Rs400 per tola to settle at Rs141,100 as prospects of higher interest...
Miftah Lauds FBR For Collecting Record Amount Of Tax Worth Rs 763 Bln Last Month
Islamabad: Minister for Finance and Revenue Miftah Ismail has appreciated the Federal Board of Revenue for collecting a record amount of tax worth 763 billion...
Miftah Justifies Increase In Prices Of Petroleum Products
ISLAMABAD, Jun 30 (APP):Federal Minister for Finance and Revenue, Miftah Ismail justified the price-hike made by the government in the petroleum products, citing deviation from...
Pakistan Reserves Increase $2,071 Million
Pakistan’s total liquid foreign reserves jacked up to US$ 16.195 billion as SBP received proceeds of China Development Bank’s loan. State Bank of Pakistan, in...
PSX Gains 243 Points on Last Day of FY2021-22
KARACHI: The last trading session of the fiscal year 2021-22 saw the benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) close just above the...
Gold Price Down By Rs350
KARACHI: The price of gold in Pakistan closed on the last day of the fiscal year 2021-22 with a loss of Rs350 per tola in...
Pakistan, Afghanistan Express Resolve to Facilitate Traders
A flagship meeting between custom officials of Pakistan and Afghanistan was held at Pak Afghan Border Torkham to boost bilateral trade. Officials of the customs...
PSX Sheds 467 Points
KARACHI: The Pakistan Stock Exchange (PSX) has remained under pressure since yesterday due to profit-booking ahead of the financial year closing. The stock market opened...
Gold Price Rises By Rs350 per Tola
KARACHI: The price of per tola gold settled at Rs141,850 in Pakistan after a fresh increase of Rs350 in line with the rise in the...
Banks To Remain Closed on July 1: SBP
KARACHI: The State Bank of Pakistan (SBP) Wednesday announced that it would remain closed for public dealings on Friday (July 1, 2022). According to a...
Govt Backtracks, Imposes Tax On People Earning 50k To One Lakh As Finance Bill-2022 Approved
ISLAMABAD: National Assembly on Wednesday passed the Finance Bill-2022 after clause by clause consideration and adopting certain amendments in it. Minister of State for Finance...
PSX Sheds Over 100 Points
KARACHI: The bears staged a comeback at the Pakistan Stock Exchange (PSX) as tough economic conditions let the market to trade in range-bound, closing the...
Ismail Vows to Resolve Issues Being Faced by CNG Sector
A delegation of All Pakistan CNG Association called on Minister for Finance and Revenue Miftah Ismail in Islamabad today (Tuesday). The meeting discussed proposal for...
Dollar Price Depreciates In Inter-Bank Market By Rs 1. 7
Karachi: The USA dollar depreciates on Tuesday by Rs 1.7 in the Inter-bank market while the dollar remained stable in the open market. According to...
Pakistan Receives Document From IMF For Combined 7th and 8th Reviews
ISLAMABAD: Pakistan on Tuesday received memorandum of economic and financial policies (MEFP) from the International Monetary Fund (IMF) this morning. Early this morning, the Government...
Gold Price Increases in Pakistan
KARACHI: Gold recovered its shine once again in Pakistan after it gained Rs850 per tola on Monday in line with the international market prices as...
PSX Gains 826 Points
KARACHI: After a frantic trading day on Friday, Pakistani stocks recovered ground on Monday, with the benchmark KSE-100 index fluctuating in both directions before finishing...
Pakistan Signs Agreement With France to Suspend $107m Loans
ISLAMABAD: The Government of Pakistan Monday signed an agreement with the French Republic under the G20 Debt Service Suspension Initiative (DSSI), the Ministry of Economic...
Dollar Started To Depreciates As Its Value Reduced By 48 Paisa In Interbank Market
Karachi: The USA dollar flight started heading towards ground as it depreciates against Pakistani rupee by 48 percent on Monday start of the week. According...
NEPRA Increases Electricity Prices By Rs 7.90
Islamabad: Attacks of inflation on masses are continued as the National Electricity Power Regulatory Authority (NEPRA) on Monday approved a raise in electricity prices by...
SBP Moves SC Against Shariat Court’s Interest Ban
ISLAMABAD: The State Bank of Pakistan (SBP) moved on Saturday the Supreme Court against the Federal Shariat Court’s (FSC) decision to shift to an interest-free...
Industries Will Shut Down Owing To Imposition Of Super Tax: Shaukat Tarin
KARACHI: Former finance minister Shaukat Tarin has termed the Federal Budget 2022-23 as ‘anti-people’ and ‘bloody’, warning that Pakistan could face Sri Lanka-like crisis if...