The euro was last up 0.2% at $1.0885, building on Thursday’s 0.49% gain, and the pound was up 0.15% at $1.2761, having jumped 0.43% the previous day. That left the dollar index, which tracks the currency against six main peers, at 102.93, down 0.12% on the day and around a one-week low. The index is […]
The news came as Germany’s biggest bank, seeking to put years of turmoil behind it and focus on steadier retail banking, reported a 30% drop in fourth-quarter profit that still beat analyst expectations. The bank had already announced plans to cut jobs, but this was the first time it had put a number on the […]
The decision was announced after the NEPRA completed a hearing on the Central Power Purchasing Agency (CPPA) petition seeking a hike in electricity tariff by Rs5.63 per unit under fuel monthly adjustment for December 2023. The approval will put an additional burden of Rs49 billion on the power consumers. The consumers will pay an additional […]
Within the next two years, the State Bank of Pakistan (SBP) intends to launch a new series of currency notes with features related to international security. A new banknote series normally takes two to three years to debut, but the SBP wants to speed up the process and finish it in the next 24 months. […]
The new platform replaces lengthier, manual processes with a seamless system that is integrated end-to-end with SAP. This allows applicants of all kinds including residential, commercial, industrial, and agricultural to easily apply for and track the progress of their application process in real time. Applicants will also be informed of progress on their cases through […]
According to data issued by the Pakistan Bureau of Statistics (PBS), the price of good quality onion has seen a surge in the domestic markets as retailers blame massive exports for the price spiral. Onion is being sold at Rs320 per kg at the retail level in Islamabad. Meanwhile, the most sought-after commodity compared to […]
As per details, the report stated that only the next elected government will have the authority to release supplementary grants whereas the federal government will have no such authority. Furthermore, a certain amount will be issued to government ministries and departments and also directed to not exceed their limits. Earlier, Pakistan received a $700 million […]
In a relief to the inflation-hit masses, the caretaker government Monday announced a Rs 8 per litre reduction in petrol price. The Finance Division notified the new prices of the petroleum products for the next fortnight starting from January 16 (Tuesday), as per the Oil and Gas Regulatory Authority’s (Ogra) recommendations. Following the reduction, petrol […]
According to an FBR spokesperson, as many as 38 teams of FBR raided different markets and shops in Saddar, Jamsheed Town, Liaquatabad, Baldia, and SITE during an ongoing action against non-paid cigarettes. Non-duty-paid cigarettes were recovered in huge quantities. On August 23, 2023, Pakistan Customs foiled a bid to smuggle non-duty-paid goods from Quetta to […]
As per the details, the bids have been invited from the interested persons until January 30. The bids for the tender of the provision of sugar will be opened on the same day. The Utility Stores Corporation currently has sugar stock for a month, the 70,000 tonnes of sugar is being procured to ensure the […]
