OGRA Notifies Decrease in LPG Price
ISLAMABAD: Oil and Gas Regulatory Authority (OGRA) has issued a price-revision notification of Liquefied Petroleum Gas (LPG) for the month of May, decreasing the commodity...
Pakistan Earns US $508mn By Exporting Transport Services in 8 Months
Pakistan earned US $508.015 million by providing different transport services in various countries during the first eight months of financial year (2021-22). This shows growth...
Power Crisis Due to Shortage of Furnace Oil: Dastagir
ISLAMABAD: Minister for Power Khurram Dastgir has said that the power situation in country will improve from Sunday as a result of improved availability of RLNG...
Govt Rejects Increase in Fuel Prices
ISLAMABAD: Prime Minister Shehbaz Sharif has rejected the summary for increase in prices of petroleum products. Minister for Information and Broadcasting Marriyum Aurangzeb said this...
Dollar Appreciates Against PKR
KARACHI: Snapping its gaining streak, the Pakistani rupee (PKR) depreciated by 41 paisa against the US dollar in Thursday s interbank session. According to details, the...
PM Shahbaz Visit To Saudi Arabia Pakistan Can Get Relief Of Eight Billion Dollars
Islamabad: It is hoped that Pakistan will get a relief of as many as eight billion dollars from Prime Minister Shahbaz Sharif visit to Saudi...
SBP Announces Bank Holidays For Eidul Fitr
KARACHI: The State Bank of Pakistan (SBP) Wednesday announced the closure of four days on the occasion of Eid ul Fitr, a statement issued from...
PSX Witnesses Bearish Trend, Loses 284 Points
KARACHI: The Pakistan Stock Exchange (PSX) witnessed another volatile session on Wednesday as it endured selling pressure and eventually closed in the red. The benchmark...
Private Oil Companies Responsible For Diesel Crisis: Petroleum Dealers Association
Rawalpindi: All Pakistan Petroleum Dealers Association (APPDA)has warned the government if the diesel crisis not solved immediately then pump owners will be compelled to hold...
Rupee Continues To Recover Against US Dollar
KARACHI: The Pakistani rupee continued to recover on Tuesday as investors and traders cherished the news regarding the International Monetary Fund (IMF) agreement to increase...
Asim Ahmad Assumes Charge As Chairman FBR
Islamabad: Asim Ahmad has assumed the charge of the post of Chairman, Federal Board of Revenue, Islamabad. Asim Ahmed belongs to Inland Revenue Service and...
Bearish Trend At PSX
KARACHI: The Pakistan Stock Exchange (PSX) failed to continue the positive momentum and declined on Tuesday as it witnessed selling pressure due to the depleting...
Hike In Petroleum Products Prices Delayed
Islamabad: Federal Minister for Finance and Revenue Miftah Ismail has said that the prices of petroleum products would not be increased immediately. The statement from...
Rupee Gains Against US Dollar
KARACHI: The exchange rate of US Dollar weakened by 43 paisa in the interbank on Tuesday against Pakistani rupee.The greenback closed at Rs185.62 on second...
PKR Recovers Against US Dollar
KARACHI: The constructive talks with the International Monetary Fund (IMF) have played a positive role as Pakistani Rupee (PKR) has appreciated by 70 paisa against...
PSX Gains 520 Points
KARACHI: The KSE 100-index of the Pakistan Stock Exchange (PSX) witnessed a bullish trend and gained 520 points. According to details, the benchmark index witnessed...
Govt Decides To Take Strict Action Against Dealers Involved In Hoarding Of Diesel
Islamabad: Government taking notice of shortage of diesel has decided to take strict action against responsible adding that the artificial scarcity created after rumours of...
Pakistan, IMF Discuss Pathways To complete 7th Review Of IMF Programme
Islamabad: The Pakistan delegation held several meetings with the IMF officials and discussed pathways to complete seventh review of the IMF programme. The delegation led...
Pakistan’s Current Account Deficit Clocks in At $1.03bn in March
KARACHI: Pakistan’s current account deficit was recorded at $1.03 billion in March 2022, compared to $369 million recorded in the same period of the previous...
No Respite From Loadshedding In Karachi Even During Ramazan
KARACHI: The power supply company of Karachi, K-Electric, has apologised to the citizens of the megacity after an increase in the duration of load-shedding. According...
Miftah Ismail Holds Meeting With IMF Board
WASHINGTON: Federal Minister for Finance and Revenue Miftah Ismail has agreed with IMF recommendations to reduce fuel subsidies. Pakistan’s new finance minister on Friday agreed...
Gold Price Drops by Rs800 Per Tola
KARACHI: The price of gold in Pakistan receded on Friday as investors sought cover from political uncertainty, inflation, and its impact. The precious commodity fell...
Rupee Gains Against US Dollar
KARACHI: The Pakistani rupee reversed the falling trend on Friday, selling at 186.70 against the US dollar in the interbank market halting the slide that...
PSX Loses 290 Points
KARACHI: The KSE 100-index of the Pakistan Stock Exchange (PSX) witnessed bearish trend on Thursday, losing 290.54 points, with negative change of 0.63 percent, closing...
Rupee Continues Downtrend Against US Dollar
KARACHI: The Pakistani rupee’s downtrend continued on Thursday as the currency fell by Rs1.05 (or 0.56%) against the US dollar to close at Rs186.97 in...
Gold Price Increases in Pakistan
The price of 24 karat per tola gold increased by Rs 350 and was sold at Rs133,350 on Thursday against its sale at Rs133,150 in...
PSX Loses 390 Points
KARACHI: The KSE 100-index of the Pakistan Stock Exchange (PSX) witnessed bearish trend on Wednesday, losing 390.20 points, with negative change of 0.84 percent, closing...
No Respite For Pakistani Rupee
KARACHI: There was no respite for the rupee as it lost further ground on Wednesday and fell below the 185-mark in the inter-bank market to...
Utility Stores Corporation Decreases Prices Of Sugar And Flour
ISLAMABAD: In order to provide maximum relief to the poor masses across the country the Utility Stores Corporation (USC) has reduced the prices of sugar...
Foremost Priority Of Coalition Govt Is Revival Of Economy: Maryam Aurangzaib
Islamabad: Federal cabinet has approved reduction in prices of sugar and flour for provision of relief to people during Ramazan. This was stated by Minster...
Gold Value Increases in Pakistan
KARACHI: Gold price in Pakistan gained Rs900 per tola as the local currency resumed its downward slide against the US dollar, once again surpassing Rs184-mark...
Dollar Appreciates Against Pakistani Rupee
KARACHI: The Pakistani rupee fell on Tuesday as higher dollar demand from importers pushed the US dollar higher. According to the State Bank of Pakistan...
PSX Sheds Over 200 Points
KARACHI: The Pakistan Stock Exchange (PSX) extended loses on Tuesday as the latest round of rupee depreciation pushed the benchmark index down by over 200...
Gold Price Rises By Rs800 Per Tola
KARACHI: Gold price in Pakistan rose on Monday, boosted by concerns regarding economic conditions which have once again sparked a flight from risky commodities towards...
US Dollar Gains Against PKR
KARACHI: Pakistan’s rupee broke its seven-session winning streak against the US dollar, depreciating marginally by 0.54% in the inter-bank market on Monday. According to the...
PML-N Will Show Once gain Decrease In Loss Of Energy Sector: Miftah Ismael
Islamabad: Pakistan Muslim League-Nawaz (PML-N) leader and former finance minister Miftah Ismael on Monday said that the PTI” incompetent government increased loss of energy sector....
PSX has Negative Trend At Start Of The Week
Karachi: Pakistan Stock Exchange has negative trend on start of the week. The PSX is trading at 46, 536 after a decrease of 64 pionts....
Weekly Inflation Declines By 0.68pc in Pakistan
ISLAMABAD: The Sensitive Price Indicator (SPI) based weekly inflation for the week ended on April 14 for the combined consumption group, witnessed a decrease of...
Gold Price Decreases in Pakistan
Karachi: There was a slight decline in gold prices in the local and international barter markets. According to the Sarafa Association, the price of gold...
PSX Gains 117 Points
KARACHI: The Pakistan Stock Exchange continued its bullish momentum on Friday to end the weekend on a positive note after the end of political crisis...
Export of Sugar Banned
Islamabad: After the direction of Prime Minister Shehbaz Sharif, the federal government on Friday announced to ban on the export of sugar, saying the ban...
Rupee Price Uptick Streak Continues As Rupee Reaches Rs 181. 58
KARACHI: The US dollar fell to Rs181.58 on Friday as the political turmoil in the country subsided. According to the State Bank of Pakistan (SBP),...
OGRA Proposes Massive Hike in PoL Prices
ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has sent a summary, seeking increase in petroleum prices from April 15. The regulator has recommended an...
Govt Increases Pension By 10pc
ISLAMABAD: The government has increased the pension of federal government pensioners with effect from April 1, 2022 which was announced by Prime Minister Shahbaz Sharif...
US Dollar Depreciates Against PKR
KARACHI: The rupee strengthened against the US dollar at Rs181.69 in the inter-bank market on Thursday compared with Tuesday’s close of Rs181.82, according to the...
Ishaq Dar Optimistic, Rupee Can Reach 160 Against Dollar In Few Months
London: Former finance minister Ishaq Dar predicted that the US dollar can come down to Rs160 in a few months when “fiscal and monetary policies...
World Bank Raises Growth Forecast for Pakistan To 4.3% From 3.4%
ISLAMABAD: The World Bank raised its economic growth forecast for Pakistan, the region’s second-largest economy, for the current year ending in June, to 4.3% from...
PSX Sheds 250 Points
KARACHI: A three-day buying spree ended at the Pakistan Stock Exchange (PSX) on Wednesday as investors booked profit in line with global market trends. The...
Gold Gains Rs350 Per Tola
KARACHI: Gold price in Pakistan recorded gains on Wednesday after a massive plunge of Rs4,300 per tola in the last three sessions as sentiments improved...
PKR Continues To Gain Against US Dollar
KARACHI: Pakistani currency clawed back from record lows continued on Wednesday as the rupee made more dents in the US dollar for the fourth session,...