PKR continues to gain ground against US dollar in interbank
The US dollar (USD) dropped by 0.96 Pakistani rupee (PKR) in interbank and trading at 290.80 rupees on Monday. “The USD goes down by 0.96…
Business
Finance Minister vows to address energy sector issues for robust economy
Finance Minister Dr. Shamshad Akhtar has reiterated government’s commitment to expanding the tax base and addressing energy sector issues for a robust economy. She was…
World Bank urges Pakistan to take urgent steps to tax agriculture and real estate
Deeply concerned over the state of economy, the World Bank has urged Pakistan to take urgent steps to tax its sacred cows – agriculture and…
Change in gas prices to be announced soon: energy minister
Caretaker Minister for Energy Muhammad Ali on Thursday said gas prices in the country had consistently been a matter of concern, underlining that forthcoming announcements…
ADB warns political instability in Pakistan will remain key risk to implementing reform
Warning that downside risks to Pakistan’s economic outlook remain exceptionally high, the Asian Development Bank’s latest report says the country’s adherence to an economic adjustment…
IMF expresses concerns over smuggling oil in Pakistan
The International Monetary Fund has expressed ‘concerns’ over the increase in the sale of smuggled oil in Pakistan and has asked authorities to submit a…
PKR maintains winning streak against US dollar
The US dollar (USD) dropped 1.45 Pakistani rupee (PKR) in interbank on Tuesday morning and trading at Rs294.50. Pakistani rupee (PKR) on Monday gained Rs0.90…
PKR continues to gain ground against US dollar
The Pakistani rupee strengthened for the ninth consecutive session against the US dollar, appreciating 0.3% in the inter-bank market on Monday. As per the State…
Caretaker govt pushes petrol, diesel prices to record high with up to Rs26 hike
Amid back-breaking inflation, the caretaker government on Friday jacked up the petrol price by more than Rs26 and diesel price by over Rs17 per litre…
SBP keeps interest rate unchanged at 22%
The Monetary Policy Committee of the State Bank of Pakistan (SBP) has kept the key policy rate unchanged at 22%. “At its meeting today, the…