According to the State Bank of Pakistan (SBP), the PKR witnessed a Rs 0.12 depreciation against the US Dollar in the interbank trading and closed at Rs 278.38 against the previous day’s closing at Rs 278.50. Pakistan’s foreign exchange reserves stand at US$ 13,427.6m SBP Earlier in the day, Pakistan’s total debt reached a record […]
According to the SSGC spokesperson, the PSM in a letter to them informed about the decision of ECC regarding the suspension of gas bill payment The spokesperson further said the SSGC also sought details about the PSM’s capacity to pay the bills in a letter but got no reply. A letter was also penned to […]
According to the PR spokesperson, several prominent trains including Karakoram Express, Karachi, Awam, Green Line, Mehr, Chenab, Saman Sarkar, Mohenjo Daro Passenger Train, Pak Business Express, Bolan Mail, Thal, Sukkur Express, Marvi, Chaman, and Hazara Express trains will be run under the PPP model, along with Shalimar, Bahauddin Zakariya, Kohat, Mehran, Attock, Jand, and Rawalpindi […]
The central bank in a statement said that Pakistan’s reserves held by the SBP stood at US$9.38 billion after an increase of US$ 493.7 million. The SBP statement read that the country’s reserves held by the commercial banks decreased by US$128 million to US$5.18 billion, “During the week ended on 28-June-2024, SBP reserves increased by […]
The fuel stations in Karachi and across Pakistan were shut down on the call of the PPDA from 6 AM today. According to sources, the supply of petroleum products from Pakistan State Oil (PSO) and other oil marketing companies’ terminals is ongoing. Meanwhile, the Oil Tanker Owners Association has distanced itself from the petroleum dealers’ […]
Brent crude futures were down 48 cents, or 0.55%, at $86.86 a barrel, while U.S. West Texas Intermediate (WTI) crude futures fell 51 cents, or 0.62%, to $83.36 by 0342 GMT, with activity thinned by the U.S. Independence Day holiday. “Geopolitics and weather remain bullish risks, but the underlying physical market strength looks set to […]
FBR removed 16 officers of grade 20 from In Land Revenue Services and 11 officers of grade 20 from the Customs group on the intelligence reports. As per notification issued by the FBR, Dr Akhtar Hussain, customs collector Islamabad, Director Transit Trade Lahore, Muhammad Adnan Akram, DG Law and Prosecution, Irum Maqbool Aamir, Naveed Iqbal, […]
During July-May 2023-24, exports of services were recorded at $7.129 billion as against the exports of $7.004 billion during the same period of last year, according to the data of the Pakistan Bureau of Statistics (PBS). During the period under review, the services imports into the country grew by 16.93 percent and it was registered […]
The complete winners’ list of the Rs750 Prize Bond will be published after the balloting process. The prize distribution for the Rs750 prize bond is as follows: Winning Amounts First Prize: Rs. 1,500,000 Second Prize: Rs. 500,000 Third Prize: Rs. 9,300 Prize Bonds are considered one of the secure investment options in Pakistan, offering the […]
The agreement, yet to be ratified by the Associate of Flight Attendants union members, is also the first to make boarding pay legally binding for unionized flight attendants, the union said on Tuesday. Flight attendants in the US are usually paid an hourly rate after the flight cabin doors close and it does not include […]
