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Web Desk
Jul 22, 2024

Pakistan to boost remittances with introduction of digital currency

The State Bank of Pakistan (SBP) is advancing efforts to introduce a digital currency, which is currently under evaluation, according to Salimullah, the Deputy Governor of the SBP, who spoke at a media briefing in Karachi today.

Business

Web Desk
Jul 22, 2024

Power generation in Pakistan declines by 1.3 per cent

NEPRA has reported a 1.3 per cent decline in total power generation for the fiscal year 2023-24, amounting to 127,843 GWh.

Business

Web Desk
Jul 22, 2024

SBP to announce monetary policy decision next week

SBP’s Monetary Policy Committee (MPC) is scheduled to convene on Monday, July 29, to deliberate on the country’s monetary policy.

Business

Web Desk
Jul 22, 2024

PSX ends day shedding over 1,500 points

The Pakistan Stock Exchange (PSX) began the week with a significant downturn, as major sectors ended in the red.

Business

Web Desk
Jul 22, 2024

Interbank closing: PKR loses 17.33 paisa against USD

The Pakistani rupee (PKR) experienced a depreciation of 17.33 paisa against the US dollar (USD) during Monday’s interbank session.

Business

Web Desk
Jul 22, 2024

Gold prices increase

The 10-gram gold was sold at Rs215,192 after it registered an increase of Rs857, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

Business

Web Desk
Jul 22, 2024

PIA privatisation expedited; framework for asset and liability division prepared

The new company will also inherit liabilities, including Rs 15.63 billion in long-term financing, Rs 30 billion in aircraft leases, Rs 27.26 billion in employee salaries, and Rs 121 billion in trade and other payables.

Business

Web Desk
Jul 22, 2024

Stock market down by nearly 1,000 points

One of the primary factors fuelling Friday’s decline is political unrest and uncertainty regarding the continuity of harmony in parliament. This political instability also causes uncertainty about the economy.

Business

Web Desk
Jul 21, 2024

Utility stores stop selling sugar due to excise duty

Sugar is priced at Rs109 per kg for consumers under the Benazir Income Support Programme (BISP), while the general public pays Rs155 per kg.

Business

Web Desk
Jul 20, 2024

Pakistan’s petroleum import bill plummets by nearly 20 per cent

The import bill for Pakistan’s petroleum group stood at $15.16 billion for the fiscal year 2023-24, reflecting a 19.7 per cent decrease.

Pakistan to boost remittances with introduction of digital currency

Power generation in Pakistan declines by 1.3 per cent

SBP to announce monetary policy decision next week

PSX ends day shedding over 1,500 points

Interbank closing: PKR loses 17.33 paisa against USD

Gold prices increase

PIA privatisation expedited; framework for asset and liability division prepared

Stock market down by nearly 1,000 points

Utility stores stop selling sugar due to excise duty

Pakistan’s petroleum import bill plummets by nearly 20 per cent

Iran’s supreme leader Ayatollah Khamenei dead in Israel-US joint bombing in Tehran: Trump

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Government increases petrol, diesel prices

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Iran dismisses Israeli claims of Ayatollah Khamenei’s death as ‘psychological warfare’

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