50% reduction in net metering rates proposed in new solarisation policy
Work started on drafting new policy aimed at bolstering renewable energy adoption in the country
Money
Govt's fiscal deficit reaches Rs4,337bn, as expenditures exceed Rs9,651bn
Govt income is Rs5,313bn, while Rs5,517bn spent as interest on loans
Govt slashes petrol price by Rs5.45, high-speed diesel by Rs8.42
New prices of petroleum will be effective for next fortnight
FBR blocks mobile SIMs of over 500,000 tax evaders
Read names of 506,671 individuals who failed to file tax returns for the year 2023
KFC closes over 100 outlets amid boycotts
Closure of KFC outlets highlights the complex interplay between global politics, economics, and consumer choice
Industries Minister Rana Tanveer reject uptick in urea fertilizer prices
Rana Tanveer directs fertilizer companies to withdraw the price increase immediately
Islamic Development Bank Group concludes 12th edition of Private Sector Forum in Riyadh
As per the press statement issued by the bank, 53 agreements worth $6,486 billion were signed
Lahore tandoor owners to strike on May 8 over new price of roti
Punjab government imposes fine on hundreds of tandoors across the province
OGRA slashes LPG prices by Rs 11.88 per kg
The decision comes as welcome news for consumers who rely on LPG
Finance Ministry reports economic growth, inflation reduction
Report expect inflation to further decrease to 17.5% in May
SBP receives $1.1 billion from International Monitory Fund
The amount shall be reflected in SBP’s foreign exchange reserves for the week ending on 3rd May 2024
State Bank to remain closed on May 1
SBP to remain closed on Wednesday on occasion of Labour Day due to a public holiday announced by govt
Gold rates in Pakistan witness huge decrease
Gold price fluctuation are directly linked to changes in value of US Dollar
Elon Musk reclaims world's second richest person title
Musk's soaring wealth, now valued at a staggering $205.6 billions
Saudi Riyal to PKR latest exchange rate today
Steady trend reflects current financial landscape, providing sense of assurance to those closely following currency dynamic
Rupee gains ground against US dollar in intraday moves
Development contributing to this currency boost stems from IMF completion of its final review
NBP empowers farmers, women in agriculture with discounted loans
Loan program offers significant advantage to all farmers through its competitive 7% markup rate
Massive cut in KIA car prices
Notable adjustment comes with Kia Stonic EX+ model, which sees a staggering decrease of up to Rs 1,513,000
IMF approves immediate release of $1.1 billion tranche for Pakistan
IMF's Executive Board acknowledges the improvement in Pakistan's economy
Saudi investment in Pakistan: Aramco acquires 40% shares of GoPetroleum
The Competition Commission of Pakistan announces the merger in a press statement
Banking ombudsman raises alarm over surge in internet banking fraud cases
Proposes framework aimed at protecting public from internet banking fraud and shadow banking system
Smartphones worth Rs370bn imported in last 9 months
In March, imports witness staggering 930% increase compared to previous year
SBP keeps policy rate unchanged at 22% for 6th consecutive meeting
Decision aligns with market expectations as majority of participants anticipating rate pause
K-Electric seeks massive power tariff hike under fuel price adjustment
Application aims to recover fuel costs incurred from July 2023 to March 2024
Saudi Riyal to PKR latest exchange rate today
Steady trend reflects current financial landscape, providing sense of assurance to those closely following currency dynamic
FINANCE
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Gold price in Pakistan continues upward trend
Silver rates per tola remain stable at Rs2,950
IMF further delays approval of Pakistan's $7bn loan package
Sources say main reason for delay is non-timely rollover of $12 billion loan from friendly countries
Pakistan's IT exports surge by 34% in July 2024
IT sector contributes 46% to total exports in first month of FY 2024-2025
Rising inflation: Major decline in bank borrowing in Pakistan
Trend of taking loans for vehicles, houses, personal needs significantly decreases
Pakistan's domestic exports rose by 8.90% in FY2023-24
Textile sector remains significant contributor, with exports totalling $16.65 billion
AUTO
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