Gold prices in Pakistan recorded gains on Wednesday as per tola price increased by Rs50 in the domestic market According to all Pakistan Jewellers Manufacturers Association (APJMA), the per tola gold price was increased by Rs50 to settle at Rs125,750. The rate of 10 grams gold also increased by Rs43 to Rs107,810.The United States (US) […]
Continue Reading
ISLAMABAD: The federal government on Tuesday increased the prices of petroleum products by up to Rs12 per litre effective from February 16. According to the notification issued by the finance ministry, the ruling Pakistan Tehreek-e-Insaf (PTI) government has increased petrol price by Rs12.03 per litre, high-speed diesel by Rs9.53 per litre and the price of […]
Continue Reading
ISLAMABAD: Pakistan on Tuesday approved a renegotiated deal with the Chinese company for Saindak mine which involves an increase in the country’s profit share and an enhanced royalty for the Balochistan government. The details were shared by Federal Minister for Energy Hammad Azhar from his Twitter handle, who said that the federal cabinet has given […]
Continue Reading
Oil prices slipped for a third session on Wednesday on profit taking due to concerns of a possible rise in supplies from Iran despite industry data showing a surprised drop in US oil inventories. Brent crude futures edged down 8 cents, or 0.1%, to $90.70 a barrel by 08:25 GMT, while US West Texas Intermediate […]
Continue Reading
KARACHI: Cumulative inflows through Roshan Digital Account (RDA) from overseas Pakistanis soared to $3.382 billion in the last 17 months, the State Bank of Pakistan (SBP) said on Monday. The Roshan Digital Account (RDA) program has achieved a critical milestone, achieving a cash flow of $3.382 billion in just 17 months—a noteworthy accomplishment for Pakistan’s […]
Continue Reading
BIJING: Pakistan and China have reaffirmed their support to CPEC’s high-quality development and the commitment to ensuring the smooth operation of completed projects and the timely completion of under construction projects. This understanding was reached during Prime Minister Imran Khan’s meetings with Chinese President Xi Jinping and Premier Li Keqiang in Beijing during his four-day […]
Continue Reading
KARACHI: The State Bank of Pakistan (SBP) on Wednesday introduced Pakistan’s first instant Digital Payment System ‘Raast’ aimed at providing free, fast, and reliable digital person-to-person (P2P) payments service to people of the country. SBP on Thursday issued instructions to banks to enable Person-to-Person (P2P) fund transfers in the country through Raast, Pakistan’s Instant Payment […]
Continue Reading
he Executive Board of the International Monetary Fund (IMF) on Wednesday approved $1billion loan for Pakistan under the Extended Fund Facility (EFF) This was confirmed by Federal Minister for Finance and Revenue Shaukat Tarin in a post shared on his official Twitter handle. “I am pleased to announce that IMF Board has approved 6th tranche […]
Continue Reading
ISLAMABAD: The Executive Committee of National Economic Council (ECNEC) on Monday approved the Greater Karachi Water Supply project to be completed by 2023 at a cost of Rs126 billion The meeting was chaired by Federal Minister for Finance and Revenue Shaukat Tarin here in Islamabad. Federal Minister for Planning, Development and Special Initiatives, Asad Umar, […]
Continue Reading
ISLAMABAD: The federal government has decided to seek $5 billion in loans from China, Russia and Kazakhstan as Pakistan make desperate efforts to stabilise forex reserves, ARY News reported on Monday, citing well-placed sources. As per details, Pakistan is expecting to get $3 billion loan from China and $2 billion from Russia and Kazakhstan. The […]
Continue Reading