Dollar Gains 60 Paisas Against Pakistani Rupee
KARACHI: Dollar rises 60 paise in open market The dollar rose 60 paise to 167.20 from 167.20. The dollar also rose 48 paise on the...
NEPRA Suggests Increase In Prices Of Electricity
Islamabad: National Electric Power Regulatory Authority (NEPRA) on Wednesday concluded public hearing into monthly fuel cost adjustment (FCA) for July. The hearing was presided over...
Karachi Traders Announce Hunger Strike Against Lock-down Tomorrow
KARACHI: Karachi Traders Action Committee has announced a hunger strike on September 2 to protest against the COVID-19 lockdown restrictions on businesses by the Sindh...
FBR Will Comfortably Achieve Annual Tax Collection Target Of Rs 5,829 Billion: PM
Islamabad: Prime Minister Imran Khan has expressed the confidence that the FBR will comfortably achieve the annual tax collection target of 5,829 billion rupees. In...
Prices of Petroleum Products Reduced
ISLAMABAD: The government on Tuesday slashed prices of petroleum products by up to Rs 1.50 per litre effective from September 01, 2021. According to a...
Govt Debt Crosses Rs38 Trillion: SBP
KARACHI: State Bank of Pakistan (SBP) on Monday said that the country’s debt has soared to Rs38,697 billion in June 2021 with most of it...
OGRA Proposes Reduction in PoL Prices
ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) on Monday proposed bringing down prices of petroleum products for the first half of September. According to...
Tarin To Chair ECC Meeting Tomorrow
ISLAMABAD: Finance Minister Shaukat Tareen has convened a meeting of the Economic Coordination Committee tomorrow in which a grant of Rs 215 million is likely...
Pakistan Will Get Extension in GSP Plus Status: Dawood
Adviser to the Prime Minister on Commerce and Investment Abdul Razak Dawood says the government is determined to facilitate local industry to enhance exports. Talking...
Federal Govt Reduces Sales Tax on Petrol
ISLAMABAD: Federal Board of Revenue (FBR) has notified sales tax to be charged on petroleum products in the country with 10.54 percent tax to be...
Inflation Continues To Increase in Pakistan
KARACHI: Inflation could not be stopped across the country. In one week, the price of food increased by 2%. The Federal Bureau of Statistics (FBS)...
Roshan Apna Ghar Scheme Launched As Per PM’s Vision: SBP Governor
ISLAMABAD: Governor State Bank of Pakistan, Reza Baqir said overseas Pakistanis can now buy or obtain financing for property in Pakistan from anywhere in the...
PSX Loses 272.63 Points to Close At 47,363.27 Points
KARACHI: The KSE 100-index of the Pakistan Stock Exchange (PSX) witnessed bearish trend on Thursday, losing 272.63 points, with a negative change of 0.57 per...
Rupee Gains 47 Paisa Against USD
KARACHI: The exchange rate of US Dollar weakened by 47 paisa in the interbank on Thursday against Pakistani rupee.The greenback closed at Rs165.81 on fourth...
Finance Minister Confirms Cyber Attack On FBR Data Center
ISLAMABAD: The government has decided to take the services of a third party, an Irish company, before taking any action in the case of the...
7th Reformative Plan For Business Will Promote Investment In country: Dawood
Islamabad: Prime Minister adviser on business and trade Abdul Razzaq has said that seventh reformative plan for ease in the businesses will promote investment in...
US Dollar Jumps To 11-Month High Rate Against Rupee
KARACHI: The upward trajectory of the United States (US) dollar continued on Wednesday after it touched the 11-month high rate against the Pakistani rupee in...
$13 Billion Have Been Invested in CPEC: Mansoor
ISLAMABAD: Special Assistant to Prime Minister on China-Pakistan Economic Corridor Affairs, Khalid Mansoor on Tuesday said the government was taking comprehensive measures to provide maximum...
US Dollar Crosses Rs165 Mark
The exchange rate of US Dollar strengthened by 77 paisa in the interbank on Tuesday against Pakistani rupee.The greenback closed at Rs165.20 on second business...
PSX Loses 283 Points on Second Business Day of the Week
KARACHI: On the second day of the trading week, the market was down on the Pakistan Stock Exchange. With a decrease of 283 points, the...
Pakistan Foreign Exchange Reserves Jumps To $27.4 Billion Dollars
KARACHI:Pakistan’s foreign exchange reserves have jumped to $27.4 billion after the transfer of $2.75 billion dollar by the IMF. #SBP has received US$ 2.75 billion...
IMF Recongnizes Pakistan’s Assistance In Evacuation Of Its Personnel From Afghanistan
Islamabad: International Monetary Fund (IMF) has recognized Pakistan’s assistance in the safe and swift evacuation of its personnel and their families from Afghanistan. In a...
Rupee Falls By 25 Paisa Against USD
KARACHI: The exchange rate of US Dollar strengthened by 25 paisa in the interbank on Monday against Pakistani rupee.The greenback closed at Rs164.43 on first...
Bullish Trend At PSX
KARACHI: The Pakistan Stock Exchange (PSX) got off to a great start with a gain of over 500 points. On the first day of the...
IMF To Release Loan To Pakistan Under SDRs Today
Washington: International Monetary Fund (IMF) will start today a general allocation of Special Drawing Rights (SDRs) equivalent to US$650 billion (about SDR 456 billion) to...
President Disposes Of FBR Pleas In Rs1.2 bn Fake Invoices Scam
ISLAMABAD: President Dr Arif Alvi has disposed off 42 representations of the Federal Board of Revenue in cases of bogus sales tax invoices, worth over...
Govt Failed in Resolving Some Issues Due to IMF: Tarin
KARACHI: Marking the three years of the Pakistan Tehreek Insaf (PTI) government, Federal Minister for Finance and Revenue Shaukat Tarin said Friday that to allay...
PIA Resume Its Kabul Flight Operation
ISLAMABAD: Federal Minister for Information and Broadcasting Fawad Chaudhry’s tweet says that PIA has resumed its Kabul operation, three hundred and fifty passengers will arrive...
IMF Suspends Afghanistan’s Access To Funds
An IMF spokesperson said it was due to “lack of clarity within the international community” over recognising a government in Afghanistan. Resources of over $370m...
ADB Approves $235m To Upgrade National Highway
Islamabad: Asian Development Bank (ADB) has approved a 235 million dollars loan to upgrade the National Highway in Pakistan. According to an ADB press statement,...
Dollar Weakened by 11 Paisas Against Pakistani Rupee
KARACHI: The exchange rate of US Dollar weakened by 11 paisa in the interbank on Tuesday against Pakistani rupee. The greenback closed at Rs164.08 on...
Licenses Issued To 5 Companies For Exploration Of Oil and Gas
ISLAMABAD: The government has issued five licenses to the Oil and Gas Development Company for the exploration of oil and gas in the country. OGDCL...
OGRA Recommends Increase in Petroleum Prices
ISLAMABAD: Prices of petroleum products may go up by Rs2.50 from August 15, as the Oil and Gas Regulatory Authority (OGRA) has sent a summary...
PM Khan Chairs Meeting of Economic Advisory Council
ISLAMABAD: Prime Minister Imran Khan has directed the authorities concerned to accelerate the process of reforms to entice investment in different sectors. Chairing a meeting...
Spike In Tomato, Chicken Prices Pushes Up Inflation
ISLAMABAD: Inflation based on the Sensitive Price Index (SPI) for the combined consumption group for the week ended on August 12 increased by 0.61% due...
IMF Tranche To Boost Country’s Foreign Reserves: Governor SBP
ISLAMABAD: Governor State Bank of Pakistan (SBP) said on Friday that the country’s economic conditions were improving with growth rate expected to be between four...
Pak-Afghan Border Crossing At Chaman Reopened
ISLAMABAD: Pak-Afghan border crossing at Chaman has been reopened for pedestrian traffic and trade activities on Friday after remaining closed for a week. The border...
PSX Loses 106.62 Points
Karachi: The KSE 100-index of the Pakistan Stock Exchange (PSX) witnessed bearish trend on Thursday, losing 106.62 points, with a negative change of 0.23 per...
No Country Can Progress Without Adopting Digitization: Governor SBP
KARACHI: State Bank of Pakistan (SBP) Governor Dr Reza Baqir Wednesday said the central bank is making efforts for a sustainable economic growth and last...
Rupee Gains 14 Paisa Against US Dollar
KARACHI: The exchange rate of US Dollar weakened by 14 paisa in the interbank on Tuesday against Pakistani rupee.The greenback closed at Rs163.76 on second...
K-Electric Signs Agreement With Pakistan LNG Ltd
Karachi: The first of its kind gas supply agreement (GSA) between K-Electric Limited and Pakistan LNG Ltd has been signed, said Hammad Azhar. Making an...
KSE-100 Index Sheds 366 Points
KARACHI: The Pakistan stock market took a negative turn on Monday, primarily due to the selloff in technology stocks, dealers said. Institutional investors were on...
Corona Vaccination Mandatory For Travelling In Train From October 1
Islamabad: The decision was taken during a meeting of the National Command and Operation Centre on Monday. Federal minister Asad Umar chaired the meeting. The...
Weekly Inflation Report
ISLAMABAD: The prices of various food items went down considerably during the week ending on August 5, as compared to the previous week, the Sensitive...
NEPRA Approves Reduction IN Fuel Prices
ISLAMABAD: National Electric Power Regulatory Authority (NEPRA) on Friday has announced to reduce fuel adjustment charges for the month of August 2021. According to a...
PM For Comprehensive Plan to Reduce Dependence on Imported Plastics
ISLAMABAD: Prime Minister Imran Khan has directed to formulate a comprehensive plan to reduce dependence on imported plastics. Chairing a meeting on waste management in...
OGRA Increases Rates Of Imported LNG
ISLAMABAD: The consumers are set to pay the price of expensive liquefied natural gas (LNG) deals as the Oil and Gas Regulatory Authority (Ogra) has...
Value of US Dollar Rises To Ten-Month High
KARACHI: The value of the dollar continues to rise. The dollar hit a ten-month high. According to the Exchange Companies Association, the dollar rose by...
Prices of LPG Jacked Up
KARACHI: The price of LPG has been increased by Rs. 10, after which the official price of LPG has gone up to Rs. 170 per...