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...
Electricity Saving Measures Will Not Be Applicable On Saturdays
KARACHI: The Sindh government has amended the notification for the closure of markets, shopping centres and business activities on Saturdays for saving electricity amid the...
Chinese Consortium Loan Worth 2.3 billion Dollars Credited SBP
Islamabad: Minister for Finance and Revenue Miftah Ismail says Chinese consortium loan worth 2.3 billion dollars has been credited into State Bank of Pakistan. I...
PSX Witnessed Crash As KSE- 100 Index Plunges Over 1, 600 Points
KARACHI: The Pakistan Stock Exchange (PSX) Friday witnessed a crash immediately after Prime Minister Shehbaz Sharif announced “tough decisions” taken by the government in the...
NEPRA Approves Uptick In K-Electric Per Unit Price Under Fuel Adjustment Charges Of April
Islamabad: National Electric Power Regulatory Authority (NEPRA) has approved a raise of Rs 5.27 per unit for K-electric customers under the fuel adjustment charges for...
Dollar Price Increases Again In Open and Inter-Bank Market After One Day Depreciation
Karachi: Dollar price once again increased by 77 paisa after stoppage of its continued spike in last few days . According to forex dealers, after...
Price of Some Items Increased At Utility Stores
RAWALPINDI: Utility Stores Corporation (USC) has increased prices of some essential food items. According to the notification, the price of split lentil increased from Rs162...
Rupee Gains 4.70 Against US Dollar
KARACHI: The rupee snapped its losing streak against the US dollar, gaining Rs4.70 n the interbank market a day after the government secured the much-anticipated...
PIA Plane Struck By Bird
LAHORE: A flight of Pakistan International Airline (PIA) plane on Thursday made an emergency landing in Lahore after a bird strike. As per details, the...
Power Tariff Likely to Increase by Rs11.34 for K-Electric Consumers
KARACHI–As nation faces rising fuel cost and inflation, the power tariff is also likely to increase by whopping Rs11.34 for K-Electric consumers. According to sources,...
Punjab Assembly Passes Finance Bill 2022-23
LAHORE: The provincial government passed, amid the absence of the Opposition, its budget of Rs3.226 trillion for the financial year 2022-23 in the Punjab Assembly...
Gold Price Declines By Rs1,850 Per Tola
KARACHI: In line with its last day’s momentum, gold price in Pakistan plunged by Rs1,850 per tola to settle at Rs145,300 on hopes that the...
KSE-100 Index Sheds 63 Points
KARACHI: The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 index opened in the green on Wednesday, continuing its momentum from the previous day, just hours after...
IMF And Pakistan Broker Agreement After Successful Talks
ISLAMABAD: The agreement reached between the International Monetary Fund (IMF) and the government Pakistan. The IMF and Pakistan brokered a staff-level agreement after following successful...
PM Thanks Overseas Pakistanis As Roshan Digital Deposits Cross $4.5 bln
ISLAMABAD: Prime Minister Shehbaz Sharif on Wednesday thanked the overseas Pakistanis for sending $57 million in a day that helped the Roshan Digital Accounts cross...
Highest Ever Daily Inflows Worth $57 Mln Recorded In Roshan Digital Account: SBP
KARACHI: Deposit inflows in Roshan Digital Account (RDA) recorded highest ever daily figure on Tuesday as $57 million were deposited in a single day. According...
Balochistan Budget Unveiled
QUETTA: Balochistan Budget for the next fiscal year with a total outlay of 612.7 billion rupees was presented in the provincial assembly in Quetta on...
SBP Clarifies Rumors Claiming it’s Foreign Exchange Reserves Have Dried up
KARACHI: The State Bank of Pakistan (SBP) on Tuesday dismissed all the rumors claiming that it’s reserves have dried up or are not usable, the...
Gold Price Declines in Pakistan
KARACHI: Gold softened in volatile trade on Tuesday but held near a record-high hit the previous day, with dealers expecting the market to undergo a...
KSE-100 Index Gains 784 Points
KARACHI: The bulls staged a comeback at the Pakistan Stock Exchange (PSX) on Tuesday cheering the finance minister’s assurance the much-awaited International Monetary Fund (IMF)...
Dollar Appreciation Continues As It Reaches Rs 215.50 In Open Market
Karachi: The value of dollar is continued to rise both in inter-bank and open market as the greenback climbed to 215.50 from 213.50 today in...
Oil Tanker Association Threatens Govt Of Strike Over Not Fulfilling Demands
Karachi: Oil Tanker Associations (OTA) on Tuesday threatened the government of strike adding that nobody is ready to accepts our demands after passing of several...
USA Dollar Reaches All Time High Of Rs 212 In Inter-bank Market
Karachi: The USA dollar increasing trend continued as Rs 2. 4 added in the value of dollar after which dollar reached at the highest level...