Pakistani rupee continued to tumble against the US dollar, breaching yet another important threshold of 195 the interbank market to hit its weakest level on Tuesday.
Maintaining its downturn for the eighth successive working day, the…
Govt approves massive subsidy of Rs55.48b for keeping oil prices unchanged
ISLAMABAD - The federal government has approved another massive subsidy of Rs55.48 billion for keeping oil prices unchanged on fortnightly basis despite increase in prices in international market.
Finance Minister Miftah Ismail on Sunday…
All provinces to develop cluster of industries under CPEC: Ahsan
BEIJING - The China-Pakistan Economic Corridor (CPEC) has a portfolio of projects in different provinces in Pakistan, depending upon their requirements and their areas of competency.
And based on different comparative advantages, every…
Pakistan earns $1,947 million from IT services’ export in 3 quarters
ISLAMABAD - Pakistan earned $1,947.902 million by providing different information technology (IT) services in various countries during the first three quarters of fiscal year 2021-22.
This shows growth of 29.27 percent as compared to…
Rupee plunges to Rs195 in open market
ISLAMABAD - Exchange rate of Pak rupee weakened by Rs 1.66 against the US dollar in the interbank trading on Monday and closed at Rs194.18 against the previous day’s closing of Rs 192.52.
According to the Forex Association of Pakistan…
PSX loses 819 points
ISLAMABAD - The KSE 100-index of the Pakistan Stock Exchange (PSX) witnessed bullish trend on Monday, losing 819.14 points, with a negative change of 1.88 percent, closing at 42,667.32 points against 43,486.46 points on the last working…
SECP issues Stewardship Guidelines for Institutional Investors
ISLAMABAD - Aiming to promote long-term value creation and “responsible” engagement of institutional investors with the investee companies, the Securities and Exchange Commission of Pakistan (SECP) has issued the Stewardship Guidelines for…
Salik Hussain visits Board of Investment
ISLAMABAD - Chaudhry Salik Hussain has visited Board of Investment after assuming charge as the Federal Minister for Board of Investment. The minister was given a warm welcome by Secretary BOI Ms Fareena Mazhar and other senior officers of…
POL import bill surges 95pc to $17 billion in 10 months
ISLAMABAD - The imports of overall petroleum group witnessed an increase of 95.84 percent during the first ten months of the current fiscal year (2021-22) as compared to the corresponding period of the last year.
During the period under…
Import of cotton, other raw materials of textile industry crosses $3.9 billion
KARACHI - Pakistan’s import of cotton and other raw materials of textile industry crossed $3.9 billion during July-April 2021-22, showing 25 % growth over the corresponding period of the previous financial year.
According to data…
‘Charter of Economy’ need of hour: LCCI chief
LAHORE - Critical economic state-of-affairs demands a collective and instrumental approach from the political parties as the ongoing political scenario is pushing the economic affairs towards no point of return.
These views were…
Philip Morris provides financial support to Kashf Foundation to support its project
KARACHI PR - Philip Morris (Pakistan) Limited (PMPKL) provided financial support to Kashf Foundation, a non-profit micro-finance institution, to support its project that aims to empower women by providing them professional training in food…
‘Fly Jinnah’ celebrates graduation of its first cabin crew cadet
KARACHI PR - Fly Jinnah, Pakistan’s new low-cost carrier, has announced the graduation of its first batch as cabin crew in their brand-new uniform, who successfully completed their technical and customer experience training.
The first…
Inflation in Pakistan
Inflation rate has risen in Pakistan since the beginning in late 2003. After the 1998-99, inflation was reduced to less than 5 percent in 2000 and remained. It remained stable until 2003. Strong monetary policy combined with fiscal…
PSX plunges 800 points to close at 42,667 points
The KSE 100-index of the Pakistan Stock Exchange (PSX) witnessed bullish trend on Monday, losing 819.14 points, with a negative change of 1.88 percent, closing at 42,667.32 points against 43,486.46 points on the last working day.
A total…