Rupee increases against the dollar by 99 paisas
ISLAMABAD- Against the US dollar, the Pakistani rupee gained 99 paisas on Wednesday in interbank trade, finishing…
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Economy
Political Stability is Need of the Hour
In a democratic set up, prolonged confrontation to gain power, result into polarization and making a state…
Pakistani rupee against US dollar has made record recovery after a military led…
Pakistani rupee against US dollar has made record recovery after a military led crackdown against illegal currency…
In interbank trading, the US dollar falls to Rs293.75
The US dollar (USD) decreased against the Pakistani rupee (PKR) by 1.15 on Wednesday morning in interbank…
In the months of July and August, remittances decreased by almost 23%
KARACHI: Remittances from Pakistanis living abroad modestly rose by 3% month over month in August but fell by more…
Support for Pakistan’s economy has been reaffirmed by the World Bank
Shamshad Akhtar, Pakistan's finance minister, and Najy Binhassine, the country director for the World Bank, met on…
Summer of 2024
Having a good look at climate change affects in 2023, prediction for year 2024 is not difficult. Poor heath…
Non-textile exports decreased 9 percent in July.
ISLAMABAD: The exports of non-textile exports saw a decline of 8.99 percent in the first month of the current…
FBR expects revenue collection to go upto Rs 9 trillion
The tax collection for the year 2023-24 is expected to rise by 26% which is massive.
The economy of China is way ahead of India; Analysis
An analysis by Ahsan Hamid Durrani, published in an english daily reveals that India is not the manufacturing…
Executive Committee of the National Economic Council (Ecnec) okays over Rs110bn…
KARACHI: The Executive Committee of the National Economic Council (Ecnec) on Saturday approved a series of…
‘Hybrid System’ keeps politicians on the right track, says Arif Habib
KARACHI: Prominent industrialist Arif Habib expressed on Saturday his full support for the “hybrid system” of…
Pakistan Stock Exchange continues to rise.
Pakistan Stock Exchange continues to rise.
Abdul Rafay Office: Trading in the stock market commenced on a…
Cement sales increase
Construction activities appear to have revived as local cement sales grew 47 per cent during July to 2.776 million…
Reviving the Black Sea grain agreement is essential for price stability and food…
The revival of the Black Sea grain deal is significant for global food price stability and continued access to…
British envoy terms Pakistan ideal for investment
The newly-appointed British high commissioner in Pakistan, Jane Marriott, has observed that Pakistan is a great…
Visa Inc intends to expand regionally
Digital payments player Visa Inc said on Tuesday it’s looking for “regional expansion” in order to drive…
$25bn dollars repayments due in year 2024
Pakistan is under an obligation to pay $25 billion in debt servicing during the current fiscal year.
It was…
Zubair Tiwana becomes new FBR chairman
The Federal Board of Revenue has appointed Malik Amjad Zubair Tiwana, an officer of the Inland Revenue Service,…
Govt hikes petrol and diesel prices by Rs19
Finance Minister Ishaq Dar on Tuesday announced a massive hike of Rs19 in petrol and diesel prices, taking them to…
Russian oil imports face port, refinery, currency constraints
Pakistan is unlikely to meet a target for Russian crude to make up two-thirds of its oil imports, despite…
Russian truck makes history by entering Pakistan
Federal Minister for Communications Asad Mehmood said Satur¬day under the current geo-economic scenario Road…
By 2024, renewable energy sources may exceed coal as the primary source of…
Renewable energy share in global electricity generation could surpass coal as early as 2024 potentially becoming…
Foreign currency reserves increase to about $14 billion
The Senate was told today that the foreign exchange reserves of Pakistan have swollen from eight billion dollars…
Minister sees inception of new CPEC era
• Ahsan criticises previous PTI regime for ‘rolling back’ CPEC• Says Gwadar airport to be operationalised by 2023…
Chinese Vice Premier He Lifeng arrives in Islamabad to celebrate decade of CPEC
Chinese Vice Premier He Lifeng on Sunday arrived in Islamabad on a three-day visit during which he will attend a…
Stocks close week above 47,000 level
The stock market experienced a notable upward trend throughout the outgoing week on the back of the results season…
‘Conflicts fueling economic volatility’
With the world facing growing economic instability and political tensions, volatility in geo-economic and…
Joining China’s Belt and Road was an ‘atrocious’ decision: Italy minister
Italy made an “improvised and atrocious” decision when it joined China’s Belt and Road Initiative (BRI) four years…
394-point rally tosses index above 47,000
Bulls remained in control of the Pakistan Stock Exchange (PSX) on Thursday as state-owned enterprises listed on…
Govt okays Rs1.22tr projects as it nears end of term
ISLAMABAD: The Executive Committee of the National Economic Council (Ecnec) approved eight development projects…
Pakistan and US are satisfied with each other on positive relations
Pakistan and US are satisfied with each other on positive relationsPakistan and the United States yesterday…
Pakistan has forged a significant agreement with Azerbaijan to secure liquified…
In a historic move aimed at supporting businesses and households during challenging times, Pakistan has forged a…
Pakistani Rupee goes through seventh straight loss against dollar.
The rupee suffered its seventh consecutive loss against the dollar, depreciating by Rs1.11 in the interbank market…
The cabinet panel approved the cargo terminal deal with the United Arab Emirates.
The cabinet panel approved the cargo terminal deal with the United Arab Emirates.The Cabinet Committee on…
FBR withholds Rs400bn in tax refunds amid IMF concerns
The Federal Board of Revenue (FBR) has held back over Rs400 billion in tax refunds to reduce the volume of…
Dollar returns increased by 6 increments before Eid.
According to the State Bank data, the rupee depreciated by Rs10.35 in six sessions, shedding all the gains it had…
Not a single new tax’ on agriculture or construction sectors, Dar tells NA
Finance Minister Ishaq Dar on Friday stressed there would be no further taxes on the agricultural and construction…
Dollar rallies on strong demand
The rupee remained under pressure against the dollar as strong demand from importers pushed the greenback Rs1.35…
SBP’s forex reserves almost double to exceed $8bn
The State Bank of Pakistan’s foreign exchange reserves rose $4.2 billion to $8.7bn during the week ending July 14,…
Reserves of State Bank will be wiped up to 8.7 billion on 9 months
Reserves of state Bank will be wiped up to 8.7 billion on 9 months Pakistan’s foreign exchange reserves held by…
Textile exports contract 15pc to $16.5bn
ISLAMABAD: Pakistani's exports of textiles and clothing contracted by 14.63 per cent year-on-year to $16.50…
World Democracy Report
72% of the world’s population – 5.7 billion people – live in autocracies by 2022. Democracy has deteriorated in…
Pakistan’s gold price stops going up and down sporadically.
Gold prices stopped going up in Pakistan on Monday because investors who wanted a safe place to put their money…
For the third consecutive session, the dollar continues to weaken versus the…
The Pakistani rupee strengthened significantly on Tuesday as the US dollar fell for the third consecutive…
The World Bank repurposes $2 billion for flood-affected communities in Pakistan.
To provide urgent help to flood victims, the World Bank has announced the repurposing of $2 billion earmarked for…
Dollar bond yields surge following the Prime Minister’s debt relief appeal.
The prime minister's appeal was perceived by global bond investors as an indication that the country would fail on…
The dollar continues to gain ground versus the rupee, approaching a historic high.
The Pakistani rupee lost ground for the 15th straight session on Thursday, as the US dollar approached a historic…
Pakistan changes its money disclosure rules for visitors.
In an effort to modernise the declaration regime, the Federal Board of Revenue (FBR) has changed the currency…
Today’s expected announcement of a new gasoline price
After Prime Minister Shehbaz Sharif returns to Pakistan from Uzbekistan today , the federal government is…
Here are the taxes that KE customers must pay to KMC.
According to The News, the municipal utility charges and taxes (MUTC) collected by the Karachi Metropolitan…
Rupee falls against the dollar for the tenth session in a row.
In addition to the loans that were anticipated from international and bilateral institutions, the Pakistani rupee…
Weekly currency update: Expected continuation of rupee free fall
Despite IMF inflows, traders predict that the Pakistani rupee will continue to slide against the dollar in the…
Miftah Ismail opposes opening letters of credit since the dollar is still weak.
Federal Minister for Finance Miftah Ismail says he is not in favour of opening letters of credit (LCs) for…
Pakistan has a significant cash shortage despite a renewed IMF programme.
Even though the International Monetary Fund (IMF) programme has resumed after a seven-month hiatus, Pakistan…
rupee free slide continues for sixth session in a row
As the nation continues to experience an economic damage brought on by severe flooding, the Pakistani rupee…
India limits rice exports, which might increase food prices
India, the world's largest exporter of the grain, tried to increase supplies and stabilise local prices on…
Rupee keeps falling as demand for dollars increases.
In the interbank market on Wednesday, the Pakistani rupee kept losing value versus the US dollar as local currency…
World rice supplies are plentiful, reducing the impact of Pakistan and…
Any price increases from stable Asian demand may be limited by ample rice supply in major exporters, which might…
By August 31, CDNS had raised Rs 220 billion through new bonds.
In order to meet its goal of issuing Rs 220 billion in new bonds during the current fiscal year 2022–23, which…
This fiscal year, according to Finmin Miftah Ismail, the economy should rise by…
According to Bloomberg News' report on Saturday, Pakistan's Finance Minister Miftah Ismail anticipates that the…
Pak Suzuki extends the shutdown of its factory
Pak Suzuki Motors has added two more days to the closure of its auto manufacturing facility; however, the…
Indicating an early departure, Miftah Ismail says, “may not have much…
Minister of Finance Miftah Ismail has hinted at his early departure, saying that although the coalition government…
The government raises the price of gasoline by Rs2.07 per litre.
According to a statement released by the Finance Division, the federal government stated early on Thursday that…
August had a multi-decade high for CPI inflation of 27.3% year over year.
According to government data released on Thursday, Pakistan's consumer price index (CPI) increased by 27.3% in…
Gold shines once again as demand is increased by record inflation.
On Thursday, gold prices increased as demand for the safe-haven metal increased in response to soaring inflation…
Pakistan would import onions and tomatoes from Afghanistan and Iran.
After devastating floods ravaged the nation, Pakistani officials made the decision to import onions and tomatoes…
Not at all, banks accept donations for flood victims.
On Wednesday, the State Bank of Pakistan (SBP) made it clear that there are no restrictions on the amount of…
PSX increases following the IMF’s “positive news”
Tuesday saw a rise in stocks after the International Monetary Fund (IMF) decided to release a $1.17 billion…
In the upcoming biweekly review, gasoline prices are anticipated to rise.
In the upcoming fortnightly rate review, the price of gasoline on a free on board (FOB) basis has decreased by…
As currency pressure increases, the rupee’s wild decline versus the dollar…
The Pakistani rupee's wild decline against the US dollar resumed on Friday as a number of different reasons kept…
Rupee keeps falling against the dollar.
In anticipation of the executive board meeting of the International Monetary Fund (IMF) on August 29 in…
Rupee continues to decline against the dollar following a cash shortage.
As the nation struggles with a money shortage, the Pakistani rupee lost more ground against the US dollar during…
The rupee suffers significant losses during the pre-monetary policy session.
The Pakistan rupee fell against the US dollar on Monday, ahead of today's monetary policy announcement and…
Monetary policy: The SBP maintains the status quo and keeps the interest rate at…
In line with market expectations, the State Bank of Pakistan (SBP) kept the interest rate unchanged at 15%, the…
Bitcoin price drops due to expected global inflation
In Friday's trading, Bitcoin (BTC) experienced a sharp decline and was last spotted trading below $21,500, down…
The tola of gold has increased by Rs200 to Rs142,600.
In the local market, the price of 24 karat gold per tola increased by Rs 200, selling for Rs 142,600 on Saturday…
In Pakistan, the price of gold falls by Rs200 per tola.
Gold prices fell by Rs200 per tola and Rs171 per 10 grammes on Friday, extending their losses.
According to…
The ECC has agreed to lift the import ban.
After "concerns" from Pakistan's trading partners, the Economic Coordination Committee (ECC) approved lifting the…
Govt lifts ban on import of non-essential goods
Pakistan was not having many dollars to spend on the import of luxury items: Miftah said.Federal Minister for…
India’s RBI may raise the repo rate to 6%, but the pace may slow: analysts
The Reserve Bank of India is expected to boost its benchmark policy rate by up to 60 basis points by the end of…
Pakistan is looking for a six-year LNG contract due to a serious scarcity in the…
In the face of a serious LNG shortage in the international market, Pakistan has published a two-part tender…
Rupee continues upward trajectory, gains Rs1.65 in interbank market
COAS reaches out to Saudi & UAE authorities on IMF programmeThe rupee continued upward trajectory on Friday,…
Rupee gains more value against the dollar as Pakistan’s gradual currency…
In the interbank market on Friday, the Pakistani rupee strengthened more against the US dollar as the nation…
The government is considering increasing the price of gasoline weekly in a huge…
According to Finance Ministry sources, the federal government is considering shifting the bi-monthly assessment of…
Oil prices are rising on supply fears after falling to near 6-month lows.
Oil prices increased on Thursday as supply fears spurred a rebound from multi-month lows hit the previous session…
In the cryptoverse, a good moment has begun for Bitcoin.
It's been a terrific month for bitcoin, which we haven't said in a long time. After months of decline, it…
Rupee continues to gain ground vs dollar
The US dollar fell against the rupee for the fourth consecutive session during intraday trade in the interbank…
Pak Army & PLA relationship to contribute towards safeguarding…
China-Pakistan Joint Committee of Cooperation held in China set up an important platform for military…
Financial Ministry and SBP: “Economic issues are transient and are being…
In a joint statement, the Finance Ministry and State Bank of Pakistan (SBP) guaranteed that the nation's issues…
According to WWF, 90 percent of the seafood eaten in Pakistan is polluted.
According to The News, which cited a World Wide Fund for Nature (WWF) official, 90 percent of the fish consumed in…
FBR meets tax collection goals for July and posts a Rs458 billion profit.
The Federal Board of Revenue (FBR) announced the preliminary revenue collection data for July 2022, which came to…
Miftah announces tax relief for shop-owners consuming less than 150 units
Finance Minister Miftah Ismail on Sunday announced tax relief for shop-owners who consume less than 150 units per…
Army & FC flood relief activities continue in flood hit areas
Army is working on restoration of M-8 Motorway.The Pakistan Army and Frontier Corps (FC) continued flood relief…
Rupee will improve “in the next two weeks,” according to Miftah…
The Pakistani rupee, which has fallen significantly against the US dollar in recent weeks, should start to recover…
Weekly currency update: The rupee is projected to stabilise at 240 per dollar.
Because of an uptick in dollar inflows from exporters and remitters, as well as some relief from the country's…
In Pakistan, the price of gold has risen by Rs1,300 per tola.
The gold price in Pakistan increased by Rs1,300 on Saturday, in line with rising international costs. According to…
The rupee has had its worst month since 1972.
The Pakistani rupee had its worst month since 1972, according to The News, as a result of a dollar scarcity and…
General Bajwa requests the Biden administration to assist speed up the…
According to Nikkei Asia, Chief of Army Staff General Qamar Javed Bajwa has approached the White House to ask…
Shopify announces employee reductions as IT companies slash costs
On Tuesday, the Canadian e-commerce company Shopify let go around 10% of its workforce as the pandemic-driven…