The local unit closed at Rs 278.39 against the previous day’s closing of Rs 278.37. However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 277.6 and Rs 280.35 respectively. The price of the Euro increased by 41 paise to close […]
The nation’s system line pack has uncomfortably climbed to 5.070 billion cubic feet per day (bcfd) once more, placing extreme strain on the entire gas transmission network. This is mostly because the electricity and industrial sectors use less regulated liquefied natural gas (RLNG). Even after the summer season has begun, Sui gas providers are unnecessarily […]
The new administration has been asked to act quickly to promote the car industry in Pakistan and win back investor trust by the local auto industry. “As of right now, over 40 models are being produced by 13 local brands combined, with a 500,000 unit annual capacity,” said Abdul Rehman Aizaz, Chairman of the Pakistan […]
Taking notice of the “willful” delay in tax cases, Prime Minister Shehbaz Sharif on Tuesday ordered the chief commissioner of the Inland Revenue Service and other pertinent officials to be suspended. Additionally, the prime minister gave the order to start an investigation against the police. Not long after taking office, the prime minister chose to […]
Reputable foreign businesses are interested in working with Pakistan to outsource airport operations, and officials from these businesses are scheduled to visit this month to examine and discuss the plan. Shehbaz Sharif brought up the issue of airport outsourcing during a cabinet meeting recently in an effort to improve management. Since respectable foreign companies had […]
Finance Minister Muhammad Aurangzeb offered a ray of optimism on Tuesday, stating that the nation’s foreign exchange reserves will exceed $10 billion by June of this year, as the government moves quickly to solve the grave economic conditions that now exist. At the 2024 Islamabad Business Summit, Aurangzeb stated, “The nation’s foreign exchange reserves have […]
Pakistan and Iran resolved on Monday to increase economic and security cooperation by establishing a $10 billion bilateral trade target and working together to combat the threat of terrorism, three months after the two nations were on the approach of a massive clash. Following official negotiations between Iranian President Ebrahim Raisi and Prime Minister Shehbaz […]
On Monday, Maryam Nawaz Sharif, the chief minister of Punjab, approved the distribution of one-kilowatt solar systems to fifty thousand families in the province. The chief minister (CM) was informed on the technical aspects of the solar system for household users while presiding over a special meeting in Lahore on the “Light without Electricity Bill, […]
Elon Musk, the CEO of Tesla, disclosed the cause of the premature cancellation of his earlier-announced trip to India on Saturday. The 52-year-old Musk stated on the previous Twitter platform X, “Unfortunately, very heavy Tesla obligations require that the visit to India be delayed, but I do very much look forward to visiting later this […]
A battle has started for Asian currencies to safeguard their value against the USD. Pakistan Rupee has been low sustainably below 280 since this year. Indonesian Rupiah hit a four-year low against the dollar on Friday. The Japanese yen and the MSCI Emerging Market Currency Index fell for five consecutive trading days. Prolonged US inflation […]
