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...
Chinese Investors To Be Provided Foolproof Security: Khalid Mansoor
ISLAMABAD: Special Assistant to Prime Minister on CPEC Khalid Mansoor said on Monday that Pakistan was committed to take forward the journey of development under...
Rupee Falls Against US Dollar
KARACHI: The exchange rate of US Dollar strengthened by 8 paisa in the interbank on Monday against Pakistani rupee.The greenback closed at Rs168.10 on first...
Govt Pursuing Ease Of Doing Business Policy: PM
Islamabad: Prime Minister Imran Khan says the government has been vigorously pursuing the ease of doing business policy. Talking to a delegation of heads of...
CNG Stations In Sindh And Balochistan To Close For Four Days From Tomorrow
KARACHI: All the Compressed Natural Gas (CNG) stations across Sindh and Balochistan will stay closed for four days starting Monday, the Sui Southern Gas Company...
Work on Green Line Project Completed: Umar
KARACHI: Federal Minister for Planning, Development, Reforms and Special Initiatives Asad Umar has said that the federal government has initiated five projects in Karachi while...
PIA To Resume Commercial Flights to Kabul From Sept 13
ISLAMABAD: Pakistan International Airlines (PIA) will resume flights from Islamabad to Kabul next week, a spokesman said, becoming the first foreign commercial service since the...
Gold Prices Increase Rs400 to Rs112,400 Per Tola
KARACHI: The price of 24 karat per tola gold increased by Rs400 and was trade at Rs112,400 on Friday against its sale at Rs112,000 in...
Rs 1.38 Per Unit Rise In Price Of Electricity Approved
Islamabad: The National Electric Power Regulatory Authority (NEPRA) on Friday approved an increase in electricity prices. A notification issued by NEPRA said that an increase...
Remittances Increased By 27 Percent In August: SBP
KARACHI: The inflow of workers’ remittances into Pakistan increased by 27% — which is a decade-high growth rate for the month — to $2.65 billion...
Friday Ban On Businesses Ended As Markets Open All Around Karachi and Hyderabad
Karachi: Protest of business community bore fruits as ban on the business activities on Friday lifted and all the markets and shops opened today. Government...
Govt Focuses To Provide Conducive Environment To Enhance Exports: PM
Islamabad: Prime Minister Imran Khan says the government is focused to provide conducive environment and formulate pro-business policies to enhance exports of the country. He...
PSX 100-Index Gains 28 Points
KARACHI: The KSE 100-index of the Pakistan Stock Exchange (PSX) turned around on Thursday and witnessed bullish trend, gaining 228.41 points, with a positive change...
Rupee Falls Against US Dollar
KARACHI: The exchange rate of US Dollar strengthened by 41 paisa in the interbank on Thursday against Pakistani rupee.The greenback closed at Rs167.66 on fourth...
ECC Approves Procurement Of 120,000 Metric Tons Off Wheat
Islamabad: The Economic Coordination Committee (ECC) of the cabinet has approved procurement of 120,000 metric tons of wheat to build strategic reserves during the current...
Pakistanis May Be Sent To Help Run Affairs In Afghanistan: Shaukat Tarin
ISLAMABAD: Finance Minister Shaukat Tarin Thursday announced that trade with Afghanistan will be carried out in Pakistani currency as Kabul is facing shortage of dollars....
Bearish Trend Continues At PSX
KARACHI: The Pakistan Stock Exchange (PSX) witnessed a negative trend on the second day of the business week. The market closed with 188 points lower...
Rupee Continues To Slide Against US Dollar
KARACHI: The Pakistani rupee depreciated 40 paisas against the United States (US) dollar in the inter-bank currency market on Tuesday. According to the State Bank...
Trade Deficit Increases by 119.9%
ISLAMABAD: Pakistan’s trade deficit widened to a whopping $7.49 billion in the first two months of the current fiscal year (FY2021-22), data released by the...
Traders Action Committee Ends Sit-in
KARACHI: Negotiations with Sindh Minister Syed Nasir Hussain Shah of the Trade Action Committee were successful. Karachi Trade Action Committee ended the sit-in on the...
Weekly Inflation Up By 0.67pc
ISLAMABAD: The Sensitive Price Indicator (SPI) based weekly inflation for the week ended on September 2, 2021 for the combined consumption group witnessed an increase...
Karachi Airport To Be Upgraded
KARACHI: The CAA decided to establish latest air traffic control tower and fire station at the Karachi International airport. The Civil Aviation Authority (CAA) has...
Price of Cement Increases in Pakistan
KARACHI: The price of cement has gone up in the country after increase in the prices of stell. During the last two days, the price...
NEPRA Raises Questions Over KE Price Hike Request
KARACHI: Karachitis may have to bear an additional burden of Rs1.26 per unit hike in power price on account of fuel charges adjustment (FCA) for...
Entry of Unvaccinated People Banned At Malls
ISLAMABAD: The health department has issued a new order for those who go to shopping malls across the country. The health department has given a...
PM Directs For Timely Establishment, Activation Of One Window Services Portal
Islamabad: Prime Minister Imran Khan has directed for timely establishment and activation of One Window Services Portal to facilitate local and foreign investment in Special...