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Web Desk
Jul 29, 2024

SBP set to announce monetary policy today; rate cut expected

If realised, this adjustment would mark the second consecutive rate cut following a 150 basis point decrease at the last meeting.

Business

Hum News
Jul 28, 2024

Petrol prices expected to decrease by Rs5.50 per litre from August 1

The price of petrol in Pakistan is expected to be reduced by Rs. 5.50 per litre from August 1 due to the decrease in crude oil prices in the global market.

Business

Web Desk
Jul 28, 2024

Finance Minister urges to enhance public services to justify tax increases

Addressing concerns from salaried individuals, Aurangzeb mentioned that efforts are being made to avoid burdening the lower-income groups with taxes.

Business

Web Desk
Jul 28, 2024

Lahore industrialists close factories over power costs

The industrialists are calling for a forensic audit of IPPs to address their concerns.

Business

Web Desk
Jul 27, 2024

Govt considers ending free electricity for officials to alleviate power sector crisis

In a bid to alleviate the financial strain on power sector, the government is considering ending free electricity provisions for officials.

Business

Web Desk
Jul 27, 2024

JPMorgan anticipates short-term weakening of Pakistani currency

JPMorgan analysts have projected a potential short-term weakening of the Pakistani rupee (PKR) despite a solid BoP position.

Business

Web Desk
Jul 27, 2024

SBP injects over Rs9.5 trillion into financial market to enhance liquidity

On Friday, the State Bank of Pakistan (SBP) injected a total of Rs9,545 billion into the financial market through a combination of OMOs.

Business

Web Desk
Jul 27, 2024

Gold price increases by Rs1,000 per tola

Gold prices in Pakistan experienced an increase on Friday. The price of 24-karat gold rose by Rs1,000 to reach Rs251,500 per tola.

Business

Web Desk
Jul 27, 2024

PTA issues advisory about buying mobile phones

The PTA further instructed buyers to opt for boxed phones, verify the PTA stamp on the box, and check that the IMEI number on the phone matches the one on the box.