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Web Desk
Dec 08, 2024

Pakistan rice exporters meet Saudi chambers to boost trade

The delegation talked about the importance of establishing strong trade links to facilitate the export of rice and other commodities.

Business

Web Desk
Dec 07, 2024

Gold price drops by Rs300 to Rs274,400 per tola in local market

Gold prices in Pakistan dropped on Saturday, following a decline in the international market. In the local market, the price of gold per tola stood at Rs274,400 after a decrease of Rs300.

Business

Web Desk
Dec 07, 2024

PM Shehbaz ‘congratulates’ nation as weekly inflation declines further

Prime Minister (PM) Shehbaz Sharif has extended his “congratulations” to the nation as the weekly inflation rate measured by the Sensitive Price Indicator (SPI) dropped to 3.57 per cent, marking a significant reduction.

Business

Web Desk
Dec 07, 2024

Nepra approves discount on extra power usage for XDISCOS, K-Electric consumers

The National Electric Power Regulatory Authority (Nepra) has given the green light to the federal government’s Winter Demand Initiative, which will benefit consumers of XDISCOS and K-Electric (KE).

Business

Web Desk
Dec 07, 2024

Karobar Card scheme announced to support small businesses in Punjab

In a move aimed at promoting small businesses in Punjab, CM Maryam Nawaz Sharif has announced the launch of the Karobar Card scheme.

Business

Reuters
Dec 07, 2024

US economy adds 227,000 jobs in November, despite rise in unemployment rate

US job growth surged in November after being severely hindered by hurricanes and strikes, but a rise in the unemployment rate to 4.2 per cent pointed to an easing labour market that should allow the Federal Reserve to cut interest rates again this month.

Business

Web Desk
Dec 07, 2024

Govt forms committee to tackle ADR challenges, final report due by December 31

The government has set up a high-level committee to tackle the ongoing issues surrounding the Advances-to-Deposit Ratio (ADR).

Business

Web Desk
Dec 07, 2024

Govt settles Rs413 billion debt, total FY25 retirement hits Rs2.09 trillion

The government has cleared a debt of Rs413.23 billion in the week ending on November 22, according to figures from the State Bank of Pakistan.

Business

Reuters
Dec 06, 2024

Oil set for weekly loss on surplus fears despite OPEC+ cut extensions

OPEC and its allies push back the start of oil output rises by three months until April and extend the full unwinding of cuts by a year until the end of 2026