Remittances Soar Above $3b For First Time
KARACHI: Pakistan created history in April 2022 as the receipt of workers’ remittances exceeded expectations by a staggering 12% to a record high of $3.12...
Energy Crisis Turns Serious As Electricity Short Fall Reaches 4, 743 MW
Karachi: The energy crisis in the country is going to be serious as 8 to 12 hours load shedding is being carried out in various...
Dollar Appreciation Continues As Reaches Record Level Of Rs 194
Karachi: The uptick of dollar prices continues as dollar appreciates Rs 1.50 in the open market after which it stands at Rs 194 against Pakistani...
PSX Gains 35 Points
The KSE 100-index of the Pakistan Stock Exchange (PSX) turned around on Thursday and witnessed bullish trend, gaining 35.29 points, with a slight positive change...
US Dollar Reaches Highest Level Of Rs 191 In Inter-Bank Market
Karachi: The US dollar rising trend continues as it reached at the highest level Rs 191 in the inter-bank market on Thursday. The high flight...
Today’s Gold Rates in Pakistan
The latest gold rates in Pakistan is now Rs. 133,500 per tola and Rs. 114,455 per 10 gm. The gold prices differs as per global...
US Dollar Hits All time High At Rs190 in Interbank
KARACHI: Amid ongoing uncertainty in the country, Pakistani Rupee continued to slump against US Dollar in the interbank market. The dollar closed at 190.02 when compared...
Gold Price Touches All-time High of Rs134,400 in Pakistan
KARACHI: The gold price in Pakistan soared to an all-time high at Rs134,400 per tola on Tuesday as currency devaluation eclipsed pressure from riskier assets...
Dollar Continues to Appreciate Against PKR
KARACHI: The Pakistani currency depreciated by Rs0.60 to an all-time low of Rs188.66 against the US dollar in the interbank market on Tuesday as looming...
PSX Winesses Bullish Trend A Day After Losing 1500 Points Yesterday
ISLAMABAD: The KSE 100-index of the Pakistan Stock Exchange (PSX) witnessed bullish trend on Tuesday, gaining 111.22 points, with a positive change of 0.26 percent,...
PSX Saw Record Bearish Trend As Benchmark Index Plunges Over 1500 Points
KARACHI: The Pakistan Stock Exchange (PSX) witnessed massive selling pressure on Monday as the benchmark KSE-100 index shed more than 1,500 points during intra-day trading....
Dollar Increases Against Pakistani Rupee
Karachi: Pakistani rupee failed to hold ground against the US dollar with only one working day and shed 0.50 percent (Rs0.94) after gaining Rs1.06 in...
Govt Cancels Ramadan Package at Utility Stores
The federal government on Saturday canceled Ramadan package at utility stores, while a notification has also been issued in this regard. According to the notification,...
PSX Witnesses Bears in Friday’s Trading
KARACHI: The Pakistan Stock Exchange (PSX) reopened on Friday after a lengthy week-long holiday and still closed on a negative note after losing the 45,000...
Dr Murtaza Syed To Assume Charge as SBP Governor Today
KARACHI: Dr Murtaza Syed, an eminently qualified economist with rich IMF experience, will assume charge as Governor State Bank of Pakistan (SBP) on Friday (May...
Asian Shares Firm as Fed Tempers Aggressive Rate hike Bets
HONG KONG: Asian shares tracked Wall Street gains on Thursday after the U.S. central bank raised interest rates by 50 basis points but sounded a...
Imran Khan Left Premiership After Laying Explosive landmines For Economy: Miftah Ismail
Karachi: Finance Minister Miftah Ismail said that ex-pm Imran Khan left his post after laying expulsive landmines for the economy of the country. Addressing a...
Govt Promotes Deputy Governor Dr Murtaza Syed To Governor SBP
Islamabad: The government has promoted the most senior deputy governor of State Bank Of Pakistan Dr Murtaza Syed to new Governor SBP. Minister for Finance...
Tenure Of SBP Governor Raza Baqir Ends Today
Islamabad: A three-year tenure of Governor State Bank Of Pakistan (SBP) Raza Baqar completed on Wednesday (today). Shahbaz Sharif led government has decided not to...
We Are Working Hard To Give Nation Good News Soon: Miftah Ismail
Karachi: Federal Minister for finance Miftah Ismail said that we will give the nation good news soon. Talking to media in Karachi after offering Eid...
Inflation in April Swells To Highest in Two Years
ISLAMABAD: As measured by the Consumer Price Index (CPI), inflation hit a two-year high of 13.37% in April 2022, which was only 1.6% higher than...
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...