LAHORE: Flour millers on Tuesday jacked up the price of a 20 kilogramme flour bag by Rs50 following the recent hike in rates of petroleum products and electricit. The Flour Mills Association announced that the price of a 20kg bag of flour would now be Rs1,150. The association attributed this increase to the recent hike […]
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KARACHI: The Pakistani rupee recouped some losses against the United States (US) dollar in the interbank market on Monday. According to the State Bank of Pakistan (SBP), the domestic unit closed at Rs175.75 against the greenback, registering appreciation of 11 paisas over Friday’s close of Rs175.86. Earlier, the State Bank of Pakistan (SBP) said foreign […]
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According to a report by Deel, a 27% hike in salaries of Pakistani freelancers has been noted. An average Pakistani freelancer earned nearly Rs6 million, it said. According to a report by a San Francisco based organization Deel, Pakistani freelancers’ salaries are among the world’s fastest-rising. The Covid-19 pandemic and advances in communications technology have […]
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The US dollar continued to lose its value against the Pakistani rupee on Thursday and slumped to Rs175.39. According to the State Bank of Pakistan (SBP), the dollar depreciated 28 paisas to Rs175.39 in the interbank market. The greenback suffered a decline of 0.16% on Thursday after it had already lost by 0.06% on Wednesday. […]
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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) […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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