WB delegation, IT minister discuss ‘Digital Economy Enhancement Project’
A delegation of the World Bank on Thursday called on caretaker Minister for Information Technology and Telecommunication Dr Umar Saif in Islamabad. Matters of mutual…
Business
Pakistan Gasport seeks country’s first spot LNG cargo in over a year
Pakistan Gasport is looking to buy a spot liquefied natural gas (LNG) cargo for November delivery, its chairman Iqbal Ahmed told Reuters on Thursday, which…
Inter-bank market: Rupee gains recovery against US dollar
The Pakistani rupee strengthened further against the US dollar to settle at 304.94 in the inter-bank market on Thursday. At close, the rupee was up…
Govt decides to close markets at sunset in fresh energy saving plan
To offset the effects of the energy crisis, the caretaker government has mandated energy-saving measures such as closing all malls and marketplaces at sunset. Under…
IMF approves govt proposals to provide relief in electricity bills: sources
The International Monetary Fund has approved parts of the government’s proposals to provide relief in electricity bills, sources said on Thursday. The sources said that…
Banks involved in forex business will have owned exchange companies: SBP
The State Bank of Pakistan (SBP) announced on Wednesday its decision to implement comprehensive structural reforms in the Exchange Companies (ECs) sector, aiming to enhance…
Open market: Rupee sees strong recovery against US dollar
The US dollar became cheaper against Pakistani rupee by Rs7 in the open market on Wednesday. It is important to remember that dollar closed at…
Oil prices hit 10-month high as Saudi, Russia extend supply cuts
Oil prices surged by two per cent on Tuesday to their highest since November, after Saudi Arabia and Russia extended their voluntary supply cuts by…
Inflated power bills: Caretaker govt sends new relief plan to IMF
Caretaker government has decided to use the allocation for IPPs in budget to give relief in electricity bills, citing Finance Ministry sources. The government in…
Gold prices decline Rs700 per tola in Pakistan
A drop in global gold prices affected local gold prices in Pakistan as the precious metal plunged by Rs700. Data shared by All Pakistan Gems…