IMF ‘saddened’ by the catastrophic effect of floods in Pakistan
The International Monetary Fund (IMF) on Sunday said that it was “deeply saddened” by the devastating impact of the floods in Pakistan. “Our sympathies go…
Business
Pakistan can import oil from Russia on deferred payment
Pakistan can import oil from Russia on deferred payment as both countries are in talks to discuss the possibility, a senior government functionary revealed on…
SBP:Saudi Arabia rollsover $3 billion deposits for Pakistan
The Saudi Fund for Development (SFD) on Sunday confirmed the rollover of an $3 billion deposit for Pakistan, which will be maturing on December 5…
Utility stores jack up prices of various items
The prices of various items including pickles, biscuits, jellies, shoe polish, razor blade, toothpaste, dish wash, honey and noodles at the Utility Stores Corporation have…
Flour price hits record high
Prices of flour have reached an all-time high in the country as a 20-kg flour bag is being sold at Rs2400 in Karachi and Quetta,…
PKR extends losses against US dollar in interbank
The Pakistani rupee continued to lose its value for the tenth consecutive session, falling by Rs0.68 against the US dollar in interbank market. According to…
Petrol price likely to dip by Rs9.62 per litre
The petrol price is likely to go down by Rs9.63 per litre for the next fortnight, however, the prices of diesel are expected to go…
PKR in downward spiral in interbank market
The Pakistani rupee continued to lose ground against the US dollar on Wednesday during intraday trading in the interbank market, losing Rs2.4. According to data…
PM Shehbaz waives off electricity bills in flood-affected areas
Prime Minister Shehbaz Sharif announced on Wednesday a two-month waiver of electricity charges for the consumers residing in flood-affected areas across the country. The prime…
Miftah Ismail ruled out the possibility of default for Pakistan
Federal Finance Minister Miftah Ismail ruled out the possibility of default for Pakistan, saying the incumbent government has steered the country out of the risk….