Gold Prices Fall on Second Consecutive Day
KARACHI: A single tola of 24-karat gold in Pakistan was sold for Rs108,200 after falling Rs1,050 during intra-day trading on Friday, February 27, at the...
Weekly Inflation Increased By 2.4pc in Essential Items
ISLAMABAD: The Pakistan Bureau of Statistics has released the weekly inflation statistics noting a 2.41 per cent increase in Sensitive Price Indicator (SPI) which collectively...
Three New Airlines Seek Licences in Pakistan
KARACHI: Three new airlines on Friday have sought Regular Public Transport (RPT) permit from the Civil Aviation Authority (CAA) to operate domestic flights across Pakistan....
Bearish Trend in PSX
KARACHI: The KSE-100 index of the Pakistan Stock Exchange (PSX) Friday witnessed bearish trend, losing 100.61 points, with negative change of 0.22 percent, closing at...
New LNG Contract With Qatar Is 31% Cheaper: Babar
Islamabad: Special Assistant on Petroleum Nadeem Babar has said the ten year LNG contract signed with Qatar is thirty one percent cheaper compared to the...
OGRA Recommends Hike In Petrol Price By Rs 20
Islamabad: The Oil and Gas Regulatory Authority (OGRA) on Friday sent a summary to the Petroleum Division, suggesting an increase in the prices of petroleum...
Pakistan Determined To Act Against Money Laundering, Terror Financing: Hammad
Islamabad: Minister for Industries and Production Hammad Azhar says Pakistan has complied with 90 percent of Financial Action Task Force’s action plan and rest will...
PSX Gains 603 Points
KARACHI: The KSE-100 index of the Pakistan Stock Exchange (PSX) on Thursday witnessed bullish trend, gaining 603.05 points, with positive change of 1.33 percent, closing...
Construction Activities to Provide Employment Opportunities: PM Khan
ISLAMABAD: Prime Minister Imran Khan says promotion of construction activities will not only speed up the economic activities but also provide employment opportunities. He was...
SBP Introduces Third Party Guarantee For House Financing
KARACHI: With an aim to facilitate the banks in extending low-cost housing finance, the State Bank of Pakistan (SBP) has allowed banks to accept a...
FATF To Decide Today To Keep Pakistan On Gray List Or Not
Islamabad: The review meeting of Financial Action Task Force (FATF) regarding the Asia pacific report on Pakistan has concluded yesterday. The announcement regarding keeping Pakistan...
PSX 100-Index Sheds 366 Points
KARACHI: The Pakistan Stock Exchange (PSX) continued with its bearish trend on Wednesday with the benchmark KSE-100 Index shedding 366 points. The benchmark index traded in...
FATF: Announcement To Be Made Tomorrow To Keep Pakistan On Gray List Or Not
Islamabad: The review meeting of Financial Action Task Force (FATF) regarding the Asia pacific report on Pakistan will conclude today after which announcement regarding keeping...
NEPRA Releases Power Breakdown Report
ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has released inquiry report on major power breakdown in the country. According to the report, on 09th...
PIA Says it Has Boeing 777s With General Electric Engine
KARACHI: In the wake of Boeing Co’s recommendation to suspend the use of 777 jets with Pratt & Whitney engines, Pakistan International Airlines (PIA) said it...
PSX Loses 337 Points
KARACHI: The Pakistan Stock Exchange (PSX) witnessed all-round selling on first day of the trading week, with the benchmark index after registering early gains fell over...
Tourist Train Inaugurated
Islamabad: Minister for Railways Azam Khan Swati says Pakistan Railways has an important role in the development of country’s economy. Addressing a ceremony for inauguration...
ECC Approves Revocation Of Neelum Jhelum Surcharge To Electricity Consumers
Islamabad: The Economic Coordination Committee of the Cabinet has approved revocation of Neelum Jhelum surcharge being charged to the electricity consumers with immediate effect. The...
ECC Meeting To Be Held Today
ISLAMABAD: The Economic Coordination Committee (ECC) would meet under the chair of Finance Minister Abdul Hafeez Shaikh today to give an approval to abolish Neelum-Jhelum...
Provinces Demand Provision Of More Financial Resources
ISLAMABAD: Seven sub-groups were formulated on Thursday during the inaugural meeting of the 10th National Finance Commission (NFC), to prepare workable recommendations for the upcoming...
ECC Meeting To Be Held On Friday
ISLAMABAD: The Economic Coordination Committee (ECC) would meet under the chair of Finance Minister Abdul Hafeez Shaikh on Friday to give an approval to abolish...
PSX 100-Index Loses 99.81 Points
KARACHI: The KSE-100 index of the pakistan stock exchange (psx) Wednesday lost 99.81 points, witnessing negative change of 0.21 percent, closing at 46,768.14 points against...
Overseas Pakistanis Sent $500m Through Roshan Digital Accounts: PM
ISLAMABAD: Prime Minister Imran Khan has thanked overseas Pakistanis for responding so strongly to State Bank of Pakistan’s Roshan Digital Accounts by sending 500 million...
IMF Restores Pakistan’s Debt Program
ISLAMABAD: Pakistan and the International Monetary Fund (IMF) have reached a staff-level agreement on second to fifth reviews of the country’s reform program under the...
Govt to Provide Subsidy For Cotton Output Enhancement
ISLAMABAD; In order to restore the declining output of cotton as well as encouraging the growers to bring maximum area under crop production, the government...
Record Increase in Workers’ Remittances PM Khan
ISLAMABAD: Prime Minister Imran Khan has said there is a record increase in remittances over the last eight months. In his tweets on Monday, he...
OGRA Proposes Hike in Petroleum Prices: Sources
ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) on Saturday proposed Rs16 per litre hike in petrol price from February 16. The Oil and Gas...
$480mn Deposited in Roshan Digital Accounts: Governor SBP
KARACHI: State Bank of Pakistan (SBP) Governor Reza Baqir has said that over $480 million have been deposited in Roshan Digital Accounts so far by...
PSX 100-Index Sheds 247 Points
KARACHI: The KSE-100 index of the Pakistan Stock Exchange (PSX) Friday witnessed bearish trend, losing 247.16 points, with negative change of 0.54 percent, closing at...
Sugar Prices Incensed By Rs3.5/kg:PBS
ISLAMABAD: The recurring surge in the petroleum product costs has reflected harmfully on the essential commodities as inflation statistics expressed Friday an incremental rise attributable...
Rs2.5 Charged Over Choosing To Receive Receipt After ATM Transaction
ISLAMABAD: Payment Service Provider (PSP) 1Link has clarified that the fee being charged on receipts after withdrawing cash from ATMs is a part of Go...
OGRA Hikes Gas Prices For SSGC Consumers
ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) on Wednesday approved hike up to 2 percent in gas prices for Sui Northern Gas Pipelines Limited...
Consumers To Pay Rs1.5 More On Their December Electricity Bills
Islamabad: Power consumers, excluding those of K-Electric, will pay an additional Rs1.53 per unit on their December electricity bills, a notification issued by the National...
K-Electric Seeks Nepra Approval To Increase Electricity
Karachi: The K-Eletric has submitted an application to the National Power Regulatory Authority seeking to increase the per unit electricity price by Rs1.71. The increase...
Sindh Imposes Ban on Qinqi Rickshaws
Karachi: The transport department has banned six and nine-seat Qingqi rickshaws across Sindh. The department has directed Traffic police to launch action against the rickshaws...
Gold Prices Remain Unchanged
The price of 24 karat per tola gold remained unchanged at 111,800, Karachi Sarafa Association reported Monday. The price of ten gram 24 karat gold...
ECC Approves Rs.350m For Procurement, Installation Of VAS System
Islamabad: Economic Coordination Committee of the Cabinet has approved 350 million rupees for procurement and installation of video Analytics Surveillance system for monitoring of the...
US Dollar Set For Best Week as Pandemic Recoveries Diverge
TOKYO: The dollar headed for its best weekly gain in three months on Friday, lifted by growing confidence that the US economic recovery will outpace...
Saudi Arabia, UAE Agree To Give Loan Relief To Pakistan
ISLAMABAD: Saudi Arabia and the United Arab Emirates (UAE) have not withdrawn loans worth $2 billion that matured last month, signalling that relations between Pakistan and...
PSX Losses 27 Points
KARACHI: The KSE-100 index of the Pakistan Stock Exchange (PSX) Thursday witnessed a slight bearish trend, losing 27.84 points, with negative change of 0.06 percent,...
NEPRA Completes Hearing To Increase Power Tariff By Rs 1.95
Islamabad: National Electric Power Regulatory Authority (NEPRA) on Thursday completed hearing for increasing electricity prices by 1.95 rupees. The hearing was held in Islamabad in...
Cement Sales Surged Over 16pc In January
KARACHI: Cement sales –local and imported- surged over 16 percent to 33.36 million tons from July to January. According to the All Pakistan Cement Manufacturers...
KSE-100 Index Gains 331 Points
KARACHI: The KSE-100 index of the Pakistan Stock Exchange (PSX) on Tuesday witnessed bullish trend, gaining 331.89 points and closing at 46,580.34 points. A total...
Gas Reserves Discovered In Hyderabad
HYDERABAD: In a major development, the Oil and Gas Development Company Limited (OGDCL) has announced the discovery of gas and condensate reserves in district Hyderabad...
Karachi Dairy Farmers Hike Milk Price By Rs20/litre
KARACHI: Dairy farmers in Karachi in an unparalleled bid have announced an Rs20 per litre raise in milk prices on their own which has yet...
Finance Minister Directs Provinces To Take Action Against Hoarding
ISLAMABAD: Federal Minister for Finance and Revenue, Dr Abdul Hafeez Shaikh Monday reiterated government’s firm commitment to ensure provision of essential commodities at affordable prices...
President For Launching “Brand Pakistan” Campaign To Highlight Country’s Potential
ISLAMABAD: President Dr Arif Alvi has underscored the need for launching “Brand Pakistan” campaign to highlight the success stories of the country. Chairing a meeting...