CPEC Related Projects Are Transparent: Asad Umar
Islamabad: Minister for Planning and Development Asad Umar has categorically stated that the CPEC related projects are transparent and carry no hidden debt. Reacting to...
SBP Takes Measures to Curb Undesirable Foreign Currency Outflow
KARACHI: In order to enhance transparency in the foreign currency transactions by exchange companies and to curb undesirable outflow of cash foreign currency, the State...
Sindh Cabinet Approves Release of Wheat
KARACHI: A meeting of Sindh cabinet chaired by Chief Minister Syed Murad Ali Shah was held in Karachi on Tuesday. The provincial cabinet approved release...
Gold Prices Increase By Rs800
KARACHI: The price of 24 karat per tola gold increased by Rs800 per tola and was trade at Rs 115,000 on Tuesday against its sale...
Gold Prices Decline Rs300 per Tola
KARACHI: The price of 24 karat per tola gold decreased by Rs 300 per tola and was trade at Rs 114,200 on Monday against its...
NEPRA Increases Electricity Prices By Rs 1.65
ISLAMABAD: The national power regulator (NEPRA) on Monday sanctioned another fuel adjustment for power producers making one unit of electricty Rs1.65 more expensive for consumers...
Dollar Rates Continues To Surge As Rs Decreased by 32 Paisas
KARACHI: The Pakistani rupee ended weaker by 32 paisas against the United States (US) dollar in the interbank market on the first trading day of...
Kuwait Allows PIA To Resume Flight Operation
KARACHI: Pakistan International Airlines (PIA) has been allowed to resume flight operation to Kuwait. Spokesperson of the airline, while thanking that Aviation Minister, CAA officials,...
Interest free loans Will Be Given To The poor Households Under Kamyab Karobar: Tarin
Islamabad: Finance Minister Shaukat Tarin said that under Kamyab Karobar, interest free loans up to five hundred thousand rupees will be given to the poor...
The Pandora Papers Regarding International Finance,Tax Heavens To Be Released Today
Web Desk: A new investigation by the International Consortium of Investigative Journalists (ICIJ) into international finance and tax havens will be released to the public...
SBP’s New Car Financing Restrictions Explained
KARACHI: The State Bank of Pakistan has imposed new restrictions on the car financing. The central bank has increased the minimum down payment cap to...
PM Imran Reiterates On Creating Business Friendly Environment
ISLAMABAD: Prime Minister Imran Khan has directed the authorities concerned to take all necessary measures to exploit full potential of exports diversification in salt and...
Inflation Rises 2.12 Percent In Previous Month of September
ISLAMABAD: A 2.12 percent hike in inflation reported during the month of September 2021 as compared to the prices of the commodities in the last...
PM Congratulates Nation As FBR Achieves Above The Target Mark
ISLAMABAD: Prime Minister (PM) Imran Khan on Friday congratulated the nation on Federal Board of Revenue’s (FBR) achievement of collecting Rs.1,395 billion of 2021-22 against...
Govt Jacks-up Prices of Petroleum Products
ISLAMABAD: The government on Thursday announced it has raised the price of petrol by Rs4 from October 1 “due to an increase in petroleum prices...
ECC Approves Summary To Import 550,000 Metric Ton Wheat
Economic Coordination Committee of the Cabinet has approved the summary regarding award of the fifth international wheat tender to import 550,000 Metric Ton of wheat...
FBR Extends Tax Returns Filing Date Till 15th Oct
ISLAMABAD: The Federal Board of Revenue has extended the date for filing of income tax returns till 15th of the next month. The FBR extended...
Rs 5.25 Per Liter Increase In petrol price Recommended
LAHORE: Prices of petroleum products are likely to increase by Rs 5.25 per liter as the Finance Ministry is set to announce the new prices...
Govt Has Taken Steps To Enhance Exports of Country: President
ISLAMABAD: President Dr. Arif Alvi says government has taken steps with the consultations of stakeholders to enhance exports of the country. Addressing 44th export award...
Gold Prices Increase by Rs300 Per Tola
The price of gold witnessed an increase of Rs300 per tola in Pakistan on Wednesday. The per tola of precious yellow metal now costs Rs113,700,...
Dollar Reaches All Time High In Open Market
KARACHI: Dollar has surged to a historic high in Pakistan’s open market as it trades above the Rs 172 mark on Wednesday after gaining Rs0.20...
Punjab Cabinet Allows Import of Sugar
LAHORE: Punjab cabinet has allowed the provincial food department to import sugar. According to details, 150,000 tonnes of sugar will be imported and will be...
President DG Khan Chamber of Commerce and Industry Calls On CM Punjab
Lahore: Punjab Chief Minister Usman Buzdar says small and medium industrialists will be provided with incentives for business. He was talking to President Dera Ghazi...
US Dollar Touches New High Against Pakistani Rupee
KARACHI: The US Dollar on Monday continued its surge against the rupee as it created a new high on Monday, rising to Rs169.60 in the...
FBR Exempts Fresh Fruits Import From Afghanistan of Sales Tax
ISLAMABAD: The Federal Board of Revenue (FBR) has lifted sales tax on the import of fresh fruits from Afghanistan. According to the FBR, the country’s...
Weekly Inflation Decreases in Pakistan
ISLAMABAD: The Sensitive price Indicator (SPI) based weekly inflation for the week ended on September 23, for the combined consumption group, witnessed decrease of 0.07...
Banks Will No Longer Finance Imported Vehicles
KARACHI: With an aim to slow down import growth and put the brakes on the ballooning trade and current deficits, the State Bank of Pakistan...
ECC Approves Kamyab Pakistan Program
Islamabad: The Economic Coordination Committee (ECC) has approved the Kamayab Pakistan Programme (KPP) to grant Rs 3.7 trillion small loans to seven million families. The...
European Commission Decides To Maintain GSP+ Status For Pakistan
Brussels: The European Commission has decided to maintain the Generalized Scheme of Preferential Plus (GSP+) status for Pakistan. The Commission, in a statement, said it...
ECC Meeting Today To Discuss Eight Point Agenda
Islamabad: Economic Coordination Committee (ECC) of the cabinet will meet today in the chair of Federal Minister for Finance Shaukat Tareen. The ECC huddle will...
Traders Announce To Protest Outside FBR Headquarters on September 29
KARACHI: A delegation from the city's business community met with Federal Board Revenue officials and apprised them of alleged injustice being done by the FBR...
Governor SBP Brief PM Khan On Roshan Digital Accounts
ISLAMABAD: Prime Minister Imran Khan was briefed that overseas Pakistanis have so far opened 204,000 Roshan Digital Accounts and around one thousand new accounts are...
Rupee Continues To Plunge Against US Dollar
Karachi: USD to PKR – Today US Dollar rate in Pakistan on 22nd September 2021 is Rs. 168.70. This is the inter-bank closing exchange rate...
ECC To Meet Tomorrow To Discuss Eight Point Agenda
Islamabad: Economic Coordination Committee of the cabinet will meet tomorrow in the chair of Federal Minister for Finance Shaukat Tareen. The ECC huddle will deliberate...
NEPRA Requested To Increase Electricity Prices
ISLAMABAD: The Central Power Purchasing Agency has requested NEPRA to increase the price of electricity. The CPPA has requested the National Electric Power Regulatory Authority...
Rupee Continues to Depreciate Against US Dollar
KARACHI: The Pakistani rupee depreciated 53 paisas against the United States (US) dollar in the inter-bank currency market on Monday. According to the State Bank...
Bearish Trend at PSX
KARACHI:The Pakistan Stock Exchange (PSX) witnessed a negative trend on the first day of the business week. The market closed at 46,52 after losing 107...
SBP Raises Policy Rate By 25 Basis Points To 7.25%
Karachi: State Bank of Pakistan has announced to increase the Policy Rate by seven to seven point two five per cent for the next two...
One Member Resigns Other Inducted In PIA Board Of Directors
KARACHI: A Pakistan International Airlines (PIA) director resigned from his post citing personal reasons while a federal secretary was inducted in the board of directors....
Weekly Inflation Continues To Rise
ISLAMABAD: The prices of various food items went down considerably during the week ending on September 16, as compared to the previous week, the Sensitive...
PSX Loses 284 Points
KARACHI: The trading week ended at the Pakistan Stock Exchange. The market closed at 46,636 after losing 284 points. The last day of the trading...
US Dollar Weakens Against Pakistani Rupee
KARACHI: The exchange rate of US Dollar weakened by 94 paisa in the interbank on Thursday against Pakistani rupee.The greenback closed at Rs168.18 on fourth...
Chinese Companies Have Stopped Investment Into CPEC Projects: Khalid Mansoor
ISLAMABAD: The Senate Standing Committee on Planning has been told that circular debts have prevented Chinese companies investing in energy projects from paying 1.2 billion...
Positive Trend Witnessed At PSX
Karachi: A positive trend witnessed at Pakistan Stock Exchange (PSX) on Thursday after decrease in dollar rates. When market opened today index was at 46,...
Govt Jacks up Petrol Price By Rs5 per Litre
ISLAMABAD: Government on Wednesday approved an increase of Rs5 per litre in the price of petrol. According to a notification issued by the Finance Division,...
Sindh Eases Restrictions Against Covid-19 As Markets To Stay Open Till 10 pm
Karachi: The Sindh government has decided to resume indoor dining in Karachi. Markets in the city will be allowed to stay open till 10 pm....
Rupee Value Further Depreciates As Dollar Rises To 170
The US Dollar on Wednesday continued its surge against the rupee as it created a new high for the second straight day, rising to Rs169.6...
Prices of Petroleum Products Likely to Go Up
ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has recommended an increase in the price of petroleum products by up to Rs7 per liter from...
Dollar Reaches All Time High In Country’s History
Karachi: The dollar rose by Rs 0.84 to reach Rs 168.94 – the highest level in the country’s history. The previous high was recorded at...
PIA’s Fleet Increased As It Inducts A320 Airbus
ISLAMABAD: Pakistan International Airlines (PIA) has inducted an Airbus A320 in its fleet, spokesperson of the airline said. PIA, in a tweet, said that the...