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Backchannel talks ongoing between India and Pakistan, claims…
Business magnet Mian Muhammad Mansha claims that he is aware of backchannel diplomacy being pursued by India and Pakistan.
Talking to the Lahore Chambers of Commerce and Industry on Wednesday, Mansha said that there should be “no…
Gold ends week with a slight decline of Rs50 per tola in Pakistan
KARACHI: Gold closed week with a meagre loss of Rs50 per tola, with the yellow metal remaining under pressure from expectations that the recovery phase will help stocks and currency stay firm.
The rates edged lower by Rs50 per tola to…
Gold price gains Rs400 per tola, trades at Rs125,150
KARACHI: Contrary to the international market, the price of gold in Pakistan recorded a gain of Rs400 per tola on Saturday to settle at Rs125,150 per tola.
The price of the precious commodity rose by Rs343 per 10 grams to settle at…
Banks closed for public dealings today
State Bank of Pakistan, along with all other banks, DFIs and MFBs, observing 'bank holiday' today.Employees of banks, DFIs and MFBs attending office as usual.SBP had earlier directed all field offices of SBP-BSC to observe extended banking…
KSE-100 jumps over 1,100 points in intra-day trading
KARACHI:The Pakistan Stock Exchange staged a rally on Wednesday and the KSE-100 index soared over 1,100 points in intra-day trading, driven by clarity on interest rate coupled with upbeat near-term outlook issued by the State Bank of…
Pakistan’s swift delivery startup Krave Mart raises $6m in…
The startup which has the core value of “Need for Speed'', have announced the largest pre-seed funding in Pakistan, worth $6 million led by some of the most iconic investors who have previously invested in rocket ships like Delivery Hero,…
Petrol stocks reach record high
ISLAMABAD:Stocks of petrol have surged to historic levels that can meet 26 days of consumption demand in the country, which comes at a time when refineries have warned of imminent shutdown following refusal of power plants to procure…
Pakistan, EU reaffirm resolve to protect religious freedom
ISLAMABAD: Pakistan and the European Union (EU) reaffirmed on Wednesday their resolve to protect human rights as well as fundamental freedoms, focusing on freedom of religion, religious tolerance and peaceful coexistence, and rights of…
Pakistani rupee depreciated by 30.5% under PTI govt: report
Rupee has witnessed massive depreciation from Rs123 against the US dollar in August 2018 to Rs177 in December 2021. The only other higher devaluation occurred when Dhaka fell when Pakistan’s currency was devalued by 58%. Experts…
IMF seeks reforms to increase personal income, corporate taxes:…
“The reforms in personal income tax are among the demands of the IMF as currently, the country is under the Fund program," says FBR chief. Ashfaque Ahmed says he is not personally in favor of getting loans of $400 million from the World…