Iranian delegation’s arrival boosts PSX Index
KARACHI: Following reports of an Iranian delegation visiting Pakistan for the second round of negotiations between the US and Iran, the Pakistan Stock Exchange’s (PSX)...
Gold price drops by Rs2900 per tola
KARACHI: Gold price continued decline in both international and local markets on Friday. In the global market, the price of gold per ounce dropped by...
Hormuz tensions push global oil prices higher amid supply fears
WEB DESK: Global oil prices surged sharply as rising tensions in the Strait of Hormuz fueled concerns over disruptions to energy supplies, sending Brent crude...
PM Shehbaz unveils electric bikes scheme for govt employees
ISLAMABAD: Prime Minister Shehbaz Sharif has announced a proposal to provide electric motorcycles to government employees up to BPS-16 through easy installment plans, as part...
Fuel prices surged 4% as Strait of Hormuz remain closed by Iran
WEB DESK: Oil prices increased more than 4% on Thursday after Iran signaled it would keep the Strait of Hormuz closed as long as a...
Pakistan plans to remove duties on used car imports under new policy
ISLAMABAD: The federal government is moving towards gradually removing tariffs on used vehicle imports as part of a comprehensive auto policy set to take effects...
Attock refinery halts key unit as Islamabad roadblocks disrupt oil supply chain
ISLAMABAD: Attock Refinery Limited (ARL) has suspended operations of its main crude processing facility after road closures in the federal capital disrupted the movement of...
Gold price decline in Pakistan
KARACHI: Gold prices in Pakistan driped, tracking a downward trend in the international bullion market amid shifting geopolitical developments. According to the All Pakistan Sarafa...
Azerbaijan ready to supply LNG to Pakistan
ISLAMABAD: Pakistan, which relies heavily on gas for its energy needs, remains vulnerable to declining domestic production and swings in global LNG prices amid the supply disruptions...
State Bank lifts 8-year ban on crypto banking
KARACHI: Minister of State for Blockchain and Crypto, Bilal Bin Saqib, announced that the State Bank has lifted the ban on crypto banking, which had...
SBP receives $1bn second tranche from Saudi Arabia
KARACHI: The State Bank of Pakistan has received $1 billion from the Ministry of Finance Saudi Arabia as part of a financial support package from...
Pakistan extends airspace ban on Indian flights as restriction nears one-year mark
ISLAMABAD: Pakistan’s restriction on Indian aircraft using its airspace is approaching its first anniversary, with authorities extending the ban for another month through a new...
Gold price drops by Rs.1000 per tola
KARACHI: The price of gold per tola fell by Rs1,000 to settle at Rs500,162, compared to Rs501,162 in the previous trading session. According to rates...
Global oil prices surge by 7 percent
WEB DESK: Worldwide, crude oil prices have risen sharply amid concerns over tensions between the United States and Iran. The increase comes after reports of...
Record surge in govt debt in two years of current government: full details unveiled
ISLAMABAD: The full details of the loans incurred by the government during its initial two years have been disclosed. According to official records from the...
PSX witneeses negative trend as Iran refuse to talk with US
KARACHI: The Pakistan Stock Exchange came under heavy selling pressure on Monday, as escalating tensions between United States and Iran, coupled with a sharp rise...
Pakistan repays $2 billion to UAE amid international financial moves
ISLAMABAD: According to the State Bank of Pakistan’s spokesperson, the amount was held in Pakistan’s account as a Special Deposit. Sources indicate that due to...
Public transport fares decrease as diesel price drop
LAHORE: Public transport fares have been reduced following a decrease in diesel prices. According to detail, Intercity and interprovincial fares have been cut by up...
PM approves Rs32.12 per litre reduction in diesel price
ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif has approved a reduction in the price of diesel by 32.12 rupees per litre, providing relief to the nation....
Gold price decline in Pakistan
KARACHI: Gold prices decreased in Pakistan on Friday, in line with trends in the global bullion market amid ongoing geopolitical developments. According to detail, In...