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...
Business Activities Open in Sukkur, Larkana
Despite the lockdown in various cities of Sindh, business activities are going on while the administration seems to have completely failed to implement the orders...
PM Cmmends FBR’s Performance For Collecting Record Revenue In July
Islamabad: Prime Minister Imran Khan has commended the efforts of Federal Board of Revenue in achieving record revenue collection in the month of July. In...
Traders Reject Lockdown Imposed By Sindh Govt
Karachi: The business community has rallied against the lockdown imposed by the Sindh government. Deputy Convener Karachi Traders Action Committee Sharjeel Goplani opposed the lockdown...
PSX Loses 257 Points
KARACHI: The Pakistan Stock Exchange (PSE) has concluded its business week. The index was down on the last day of the trading week. The market...
OGRA Recommends Increase In Petroleum Prices
ISLAMABAD: The price of petroleum products are likely to rise again from August 1 as the Oil and Gas Regulatory Authority (OGRA) has recommended an...
PM Satisfied Over Efforts To Bring Reforms in Tax System
ISLAMABAD: Prime Minister Imran Khan Thursday called for paying equal attention towards setting up of Special Technology Zones (STZs) in Baluchistan and Azad Jammu and...
Gold Prices Increase Rs 950 to Rs 110,500 per Tola
KARACHI: The price of 24 karat per tola gold increased by Rs 950 and was sold at Rs 110,500 on Thursday against its sale at...
PSX Loses 368 Points
KARACHI: The Pakistan Stock Exchange witnessed a third downtrend in the business week. The market closed at 47,368, down 368 points. On the other hand,...
ECC Meeting To Be Held Today
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet will meet today Federal Minister for Finance Shaukat Tarreen will preside the meeting which will discuss...
SBP Keeps Interest Rate Unchanged at 7 Percent
KARACHI: The State Bank of Pakistan (SBP) announced its bi-monthly monetary policy on Tuesday and decided to maintain its policy rate at 7 percent, according...
Forex Reserves Cross $25 Bn Mark
KARACHI: Pakistan’s foreign exchange reserves surged by $816 million or 3.35 percent in the week ended July 16, the central bank said. The total liquid...
COVID-19 Vaccination Certificate Declared Mandatory For Air Travel
ISLAMABAD: The National Command and Operations Center has made the Corona Vaccination Certificate mandatory for domestic air travel from August 1. Vaccinate and obtain a...
Sindh Revenue Board Extends Returns Filing Date
KARACHI: The Sindh Revenue Board (SRB) has extended the last date for the payment and filing sales tax returns for June 2021. In a circular...
Transporters Jack up Fares Ahead of Eid
RAWALPINDI: Along with the increase in the prices of petroleum products, the transporter owners also increased the fares automatically. Along with the increase in prices...
Pakistan’s Economy Gains Momentum In 2020/21: SBP
KARACHI: The Pakistan economy has made an encouraging recovery during the last fiscal year but certain structural vulnerabilities still require the government’s attention, the State...
PSX Ends Business Week on Positive Note
KARACHI: The Pakistan Stock Exchange business week ended on a positive note. On the last day of the week, the market was closed at 47,834...
ECC Increases Prices Of Sugar, Flour And Ghee At Utility Stores
ISLAMABAD: The Economic Coordination Committee (ECC) on Friday approved a significant hike in the prices of three basic commodities, including sugar, flour and ghee, being...
Govt Jacks up Petrol Price By Rs5.40 Per Litre
ISLAMABAD: Government on Thursday approved an increase of Rs5.40 per litre in the price of petrol. Special Assistant to the Prime Minister on Political Communications...
OGRA Proposes Increase in Petrol Prices
ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) on Wednesday proposed Rs11.50 per litre hike in petrol price from July 16. The Oil and Gas...
KSE 100-Index Gains 33 Points
KARACHI: The KSE 100-index of Pakistan Stock Exchange (PSX) turned around Tuesday and witnessed bullish trend, gaining 33.42 points, with a positive change of 0.07...
Tarin Directs For Keeping Prices In Check During Eid-ul-Adha
ISLAMABAD: Federal Minister for Finance and Revenue, Shaukat Tarin Monday directed the concerned departments and district administrations to take administrative measures to keep the prices...
NEPRA Cuts Power Tariff by 26 Paisa Per Unit
ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has approved a reduction of 26 paisa per unit in power tariff on account of fuel cost...
PSX Losses 116 Points
KARACHI: Bears maintained their hold over the Pakistan Stock Exchange on Monday, in line with the market performance last week, and the benchmark KSE-100 index...
Gold Prices Decline Rs 600 to Rs 109,100/Tola
KARACHI: The price of 24 karat per tola gold decreased by Rs 600 and was sold at Rs 109,100 on Friday against its sale at...
Transit Trade Agreement Between Pakistan And Afghanistan Extended
ISLAMABAD: Pakistan and Afghanistan on Thursday extended the ‘Afghanistan-Pakistan Transit Trade Agreement (APTTA) 2010’ for six months beyond May 11, 2021. The extension was essential...
Federal Govt Notifies 10pc Raise in Pension
ISLAMABAD: The federal government has announced a 10 percent increase in the pensions of retired federal government employees. Finance Ministry issued notification after getting approval...