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Web Desk
Jul 06, 2024

Gold price increases by Rs2,000 per tola

Gold prices in Pakistan saw an upward trend for the fourth straight session on Saturday, mirroring the rise in international gold rates.

Business

Web Desk
Jul 06, 2024

PM Shehbaz orders inclusion of 4.5 million non-filers into tax net

Prime Minister Shehbaz Sharif has mandated swift action to incorporate non-filers with the capability to pay taxes into the tax net.

Business

Web Desk
Jul 06, 2024

Power sector debt soars to Rs2.655 trillion

The Cabinet Committee on Energy (CCoE) reported that the circular debt in Pakistan’s power sector has surged to Rs2.655 trillion as of May 2024.

Business

Web Desk
Jul 06, 2024

Oil companies announce $5 billion investment in Pakistan

The prime minister described oil and gas exploration as his government’s top priority to save precious foreign reserves, as he highlighted the fact that Pakistan spent billions of dollars annually to import the much-needed fossil fuels.

Business

Web Desk
Jul 05, 2024

International, domestic borrowing push Pakistan’s debt up by 15.01 per cent

The central government’s total debt surged by 15.01 per cent year-on-year, reaching Rs67.82 trillion in May 2024.

Business

Web Desk
Jul 05, 2024

Weekly inflation increases by 1.28 per cent as tomato and flour prices rise

The cost of essential food items has surged in Pakistan, further straining the financial situation of citizens.

Business

Web Desk
Jul 05, 2024

PSX ends record high run, closes with a 70-point loss

The Pakistan Stock Exchange (PSX) saw a slight dip on Friday as the benchmark KSE-100 Index ended the trading session at 80,212.79 points.

Business

Web Desk
Jul 05, 2024

Interbank closing: PKR gains 12.23 paisa against USD

In Friday’s interbank trading session, the Pakistani rupee (PKR) appreciated by 12.23 paisa against the US dollar.

Business

Web Desk
Jul 05, 2024

Gold price increases by Rs1,100 per tola

The price of gold in Pakistan saw a significant rise on Friday, with 24-karat gold being sold at Rs244,400 per tola.

Business

Web Desk
Jul 05, 2024

SBP reports 20.8 per cent YoY increase in bank deposits

In June 2024, total deposits held by scheduled banks in Pakistan surged by 20.8 per cent year-on-year to reach Rs30.81 trillion, up from Rs25.51 trillion in June 2023, according to data released by the State Bank of Pakistan (SBP).