Bank holiday announced in Pakistan
All branches of the central bank, its regional offices to remain closed
Money
Saudi Riyal to PKR latest exchange rate today
Steady trend reflects current financial landscape, providing sense of assurance to those closely following currency dynamic
Govt collects Rs954bn annually from taxes on electricity bills
Federal govt receives Rs391bn, provinces benefit from Rs563bn
SIFC's efforts put pharmaceutical industry on the path of growth
On year-on-year basis, pharmaceutical goods export in June was 33% above the amount last year
Govt imposes fixed excise duty on air tickets for Gulf-bound workers
Fixed excise duty will be applied per ticket for all international flights from Pakistan
Pakistan, Iraq facilitate Arbaeen pilgrimage with free entry visas
Iraq also agrees to increase the quota of Pakistani pilgrims
Rashid Mahmood Langrial appointed new FBR chairman
Notification confirming his appointment has been officially issued
SBP governor warns of potential inflation spike
Governor expresses apprehension over the inflationary impact of budget measures
Saudi Riyal to PKR latest exchange rate today
Steady trend reflects current financial landscape, providing sense of assurance to those closely following currency dynamic
Gold prices dip in international and local markets
In the international market, gold prices fell by $17 to reach $2393 per ounce
Pakistan starts exporting vehicles, spare parts with SIFC support
Indus Motor Company announced its major export initiatives at an event held Karachi
Pakistan eyes $7 bln IMF deal as friendly countries agree for loan extension
IMF Executive Board meeting is expected at the end of August
Chevening Scholarships 2024-25 now open for Pakistani students; Apply here
Scholarships are available for any eligible Master’s program at over 100 UK universities
Saudi Riyal to PKR latest exchange rate today
Steady trend reflects current financial landscape, providing sense of assurance to those closely following currency dynamic
Gold prices in Pakistan decline further
Silver rates in local market also decline to Rs2,850 per tola
More oil and gas deposits discovered in Kohat
newly discovered well expected to yield 159 barrels of oil, 16.4 million standard cubic feet of gas per day
IMF Board to approve staff-level agreement by month end: Aurangzeb
Minister stresses need for effective planning to mitigate impacts of population growth, climate change
US dollar gains ground against PKR in interbank trade
KSE-100 index benchmark reached 77709
Foreign investors' profits increase with SIFC support boosts economy
According to SBP, repatriation sees rise of $1.884 billion from previous fiscal year 2022-2023
Saudi Riyal to PKR latest exchange rate today
Steady trend reflects current financial landscape, providing sense of assurance to those closely following currency dynamic
World Bank to give $8.7bn loan to Pakistan for development projects
Rural water supply project in Punjab to get $440m, $300m for improving access to rural areas in KP
Gold prices in Pakistan continue to decline
Silver rates in local market remain stable at Rs2,900 per tola
Global stock markets plunge amid Middle East tensions
Japan's Nikkei index particularly hard hit, falling by 4,451 points in a single day
Govt sets up 8-member task force for reforms in energy sector
Team to tackle billions of rupees in capacity payments to IPPs, revise existing contracts
Tax relief for salaried class not possible before IMF approval
Decisions regarding tax relief will consider the IMF’s possible concerns
FINANCE
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Dollar near 6-week high ahead of US jobs report; yen wobbles
Markets pricing in 33% chance of Fed cutting interest rates in November by 50 bps
PSX hits record high; KSE-100 index surges to 82,722 points
Record reflects robust performance across oil and gas, fertilisers, cement, automotive sectors
Pakistan’s exports rise by 14.1%; trade deficit widens
Pakistan records 9.86% increase in imports during first quarter of financial year
Gold prices in Pakistan make massive gains
Meanwhile, silver prices in local market remain stable at Rs3,050 per tola
Pakistan's inflation falls lower than govt projections
Annual inflation rate drops to 6.9% in September, marking significant decline from last year's alarming 31.4%
AUTO
MoreSTARTUPS
MorePOWER
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Hydropower generation increased in first quarter of fiscal year
WAPDA hydropower plants provided over 15bn units to national grid, 1.78bn more than last year
Another price hike of Rs3.02 per unit likely for K-Electric consumers
K-Electric seeks increase under quarterly adjustments for April to June 2023
Pakistan signs long-term oil purchase agreement with Russia
Price of oil will be $60 per barrel, first cargo of 100,000 metric tonnes of crude to reach Pakistan in Dec
Masses deprived of actual relief in petrol, diesel prices as dealers margin raised
Margin for oil marketing companies on petrol is Rs7.41 per litre, dealer margin reaches Rs8.23
Egyptian billionaire eyes on Pakistan's Reko Diq mine
Naguib Sawiris sees Pakistan as a promising investment destination
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