ISLAMABAD: The federal government has revised the prices of petrol and high-speed diesel (HSD), with petrol becoming Rs3.26 per litre more expensive while diesel has been reduced by Rs1.01, according to a notification issued by the Oil and Gas Regulatory Authority (OGRA). Following the revision, petrol will now cost Rs390.66 […]
ISLAMABAD: Deputy Prime Minister and Foreign Minister Senator Mohammad Ishaq Dar on Tuesday chaired a meeting of the Cabinet Committee for the Export of Surplus Sugar, which finalised modalities for the export of 200,000 metric tonnes of sugar. The meeting also approved the establishment of a monitoring committee to regularly […]
ISLAMABAD: State Bank of Pakistan Governor Jameel Ahmad on Friday launched the Pasban Remittance Reward Scheme, under which more than 10,000 overseas Pakistanis will receive cash prizes worth Rs16 billion annually for sending remittances through formal banking channels. The market-based scheme has been launched by the Pakistan Banks’ Association (PBA) […]
ISLAMABAD: Gold prices in Pakistan rose by Rs4,700 per tola on Friday, recovering part of the losses recorded during the previous four trading sessions, according to the All Pakistan Gems and Jewellers Sarafa Association. The price of one tola of gold increased to Rs453,036 from Rs448,336 a day earlier. The […]
LONDON: Pakistan received $6.9 billion in remittances from the United Kingdom during the last financial year, while total remittance inflows reached $41.6 billion, Finance Minister Muhammad Aurangzeb said on Thursday. Speaking at a Pakistan Investment Roundtable in London, Aurangzeb said total remittances were expected to rise to around $44 billion […]
ISLAMABAD: Global ratings agency Moody’s has upgraded Pakistan’s sovereign credit rating to B3 from Caa1, citing improvements in governance, the country’s external position and fiscal metrics while maintaining a stable outlook. The two-notch upgrade marks another positive assessment of Pakistan’s improving macroeconomic stability and debt affordability after a period of […]
ISLAMABAD: The All Pakistan Goods Transporters Alliance has announced a nationwide wheel-jam strike from August 8, warning that the suspension of freight movement could disrupt the supply of essential commodities if the government does not accept its demands. The announcement was made during a press conference at the National Press […]
ISLAMABAD: Pakistan and Iran on Tuesday reaffirmed their commitment to increase bilateral trade to $10 billion and accelerate negotiations on a free trade agreement as the two neighbouring countries moved to strengthen economic ties despite longstanding logistical and banking challenges. The commitment was made during the 10th Pakistan-Iran Joint Trade […]
WEB DESK: The State Bank of Pakistan (SBP) on Monday kept its key policy interest rate unchanged at 11.5% following the latest meeting of its Monetary Policy Committee (MPC). The central bank said the committee had decided to maintain the benchmark rate in view of prevailing economic conditions, signalling the […]
WEB DESK: Gold prices in Pakistan registered a modest increase on Monday in line with gains in the international market after a sharp decline in the previous trading session. According to the All Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola in the local market […]