However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 278.75 and Rs 280.25 respectively. The price of the Euro increased by 63 paise to close at Rs 309.58 against the last day’s closing of Rs 308.95, according to the State […]
According to sources, the import bill for RNLG (Re-gasified Liquefied Natural Gas) has surpassed Rs 506 billion, while Sui Northern Gas Pipelines Limited (SNGPL) owes PSO Rs 506 billion for LNG supply. The power sector’s dues have also crossed Rs 186 billion, adding to PSO’s financial woes. whereas, Pakistan International Airlines (PIA) owes PSO Rs […]
As compared to the corresponding week of last year, the SPI for the combined consumption group in the week under review witnessed a drop of 0.15 percent to 14 percent. During the week, out of 51 items, prices of 19 (33.33%) items increased, 13 (19.61%) items decreased and 19 (47.06%) items remained stable. The items […]
In a statement issued here on Thursday, the State Bank of Pakistan (SBP) informed that liquid foreign reserves held by the central bank increased by $33 million to $9,436.8 million during the week ending on August 30, 2024. Meanwhile, it added that net foreign reserves held by commercial banks were recorded as $5,303.1 million during […]
The decision comes after the country’s inflation rate dropped to a single digit, with the core inflation measured by the Consumer Price Index (CPI) reaching a 34-month low of 9.6% in August 2024. The price reduction, effective immediately, affects over 800 items, with decreases ranging from Rs8 to Rs200. The new prices apply to various […]
A total of 770,518,958 shares were traded during the day as compared to 969,768,756 shares the previous day, whereas the price of shares stood at Rs 14.287 billion against Rs 17.510 billion on the last trading day. As many as 444 companies transacted their shares in the stock market, 148 of them recorded gains and […]
The U.S. Justice Department on Wednesday filed money-laundering charges against two RT employees for what was described as a scheme to hire a U.S. company to produce online content to influence the November presidential election. Russian President Vladimir Putin was aware of actions by state-funded news outlet RT to influence the 2024 US presidential election, […]
According to sources, the Ministry of Commerce has proposed a new strategy to regulate exporting essential food items such as fruits, meat, poultry, sugar, and rice. The move came at a time when the government aims to curb inflation and ensure the availability of essential items at affordable prices. The ministry has also proposed to […]
Zubair Motiwala, Businessmen Group (BMG) leader has urged the authorities to cut the markup rate down to 14.5 percent from the current 19.5 percent interest rate in the coming monetary policy. “Moody’s has also categorized the insecure loans to CAA2”. KCCI has said that inflation has dropped to the lowest level of 9.6 percent in […]
During a virtual meeting with the Sectoral Council for Rice and the Council for Dairy and its Products, the Minister emphasized the importance of their contribution to the national economy. He said our goal is to increase export volumes, and all possible measures will be taken in this regard. The minister encouraged the council to […]
