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Web Desk
Aug 23, 2024

Lower prices for tomatoes, flour bring down weekly inflation

Pakistan’s short-term inflation experienced a slight decline of 0.1 per cent during the week ending August 22, 2024, according to PBS.

Business

Web Desk
Aug 23, 2024

Senate committee constitutes sub-committee to analyse country’s EV Policy

Under the policy, there is a 1 per cent customs duty on EV vehicle parts compared to 30 per cent on traditional vehicles.

Business

Web Desk
Aug 23, 2024

Fourth straight surge pushes gold price to record high of Rs262,000 per tola

Gold prices in Pakistan have continued their upward trajectory for the fourth consecutive day, reaching a new all-time high on Friday.

Business

Web Desk
Aug 23, 2024

K-Electric seeks approval for Rs3.09 per unit FCA to recover over Rs6.2 billion

K-Electric has requested provisional approval from the National Electric Power Regulatory Authority to implement FCA of Rs3.09 per unit.

Business

Web Desk
Aug 23, 2024

Pakistan seeks $4 billion in loans from Middle Eastern banks amid IMF deal

Pakistan is actively engaging with Middle Eastern banks to secure approximately $4 billion in loans to meet its external financial needs for the current fiscal year.

Business

Web Desk Saba Bajeer
Aug 23, 2024

Govt decides to shut down Utility Stores Corporation

MoIP Secretary said that the move is part of a broader strategy to withdraw the government from non-essential business operations.

Business

Web Desk
Aug 23, 2024

Chicken prices take a dip, eggs soar high in Lahore

The wholesale price stands at Rs 385 per kg, while the retail price has been set at Rs 398 per kg, reflecting a Rs 5 decrease.

Business

Web Desk
Aug 23, 2024

Intraday trading: PKR edges up 0.09 per cent against US dollar

The Pakistani rupee (PKR) saw a modest gain of 0.09 per cent against the US dollar (USD) during early trading hours in the inter-bank market on Friday.

Business

Web Desk
Aug 23, 2024

State Bank-held reserves rise, but $15 billion barrier remains unbroken

The State Bank of Pakistan (SBP) saw its foreign exchange reserves rise by $19.2 million, a 0.21 per cent increase, bringing the total to $9.29 billion for the week ending August 16, 2024, according to official data released by the central bank.