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Web Desk
Feb 15, 2024

Petrol, diesel prices increased for the rest of February 2024

The price of petrol in Pakistan has witnessed an increase of Rs2.73 per litre, now standing at Rs275.62 for the rest of February 2024.

Business

Web Desk
Feb 15, 2024

World Bank urges Pakistan to tackle soaring food prices

The World Bank, in a policy note published on February 13, 2024, has highlighted the pressing issue of high food inflation and volatility in Pakistan, surpassing neighbouring countries.

Business

Web Desk
Feb 15, 2024

SBP-held forex reserves climb to $8.05 billion in weekly boost

In a notable development, the foreign exchange reserves held by the State Bank of Pakistan (SBP) have witnessed a positive trajectory, registering a weekly increase of $13 million, according to data released on Thursday, February 9.

Business

Web Desk Abobakar Khan
Feb 15, 2024

Pakistan’s gemstones beings sold to Thailand at throwaway prices: Senate panel told

Officials disclose that gemstones are subsequently cut and sold in Thailand for over Rs70,000 each

Business

Web Desk
Feb 15, 2024

Gold price increases Rs300 per tola

The 24-karat gold price in the local bullion market saw a notable recovery, climbing by Rs300 to reach Rs211,100 per tola on Thursday.

Business

Shahzad Paracha
Feb 15, 2024

PTEA advocates for zero-rated GST on electricity for export industries

PTEA has urged the government for timely refund disbursements and the implementation of zero-rated GST on energy bills for export industries.

Business

Web Desk
Feb 15, 2024

Pakistan’s large scale manufacturing grows 15.69%

Pakistan’s Large Scale Manufacturing Industries (LSMI) demonstrated a notable surge of 15.69 per cent in production during December 2023.

Business

Web Desk
Feb 15, 2024

Interbank closing: Pakistani rupee loses 6.31 paisa against US dollar

In the latest interbank session, the PKR witnessed a slight depreciation of 6.31 paisa against the US dollar, settling at PKR 279.38.

Business

Web Desk
Feb 15, 2024

PSX ends in red, shedding over 1,100 points

In a tumultuous trading session, the benchmark KSE-100 index witnessed a significant decline of 1,134 points, closing at 61,020, marking its lowest level in almost two months.

Business

Web Desk
Feb 15, 2024

Moody’s downgrades Pak’s credit outlook amid political uncertainty

The future trajectory of Pakistan’s economy and financial markets will likely be heavily influenced by the resolution of political uncertainties and the successful negotiation of a new IMF programme.