Business
PKR continues nosediving, falls by Rs1.68 in interbank
The PKR fell by Rs1.68 against the dollar during morning trade in the interbank market on Thursday, data shared
Business
Pakistan's remittances go up with $2.7bn in August
KARACHI: Despite an upsurge in inflation that has pushed the cost of living across the globe in the post-Covid era,
Business
PKR falls by Rs2.08 in interbank as dollar climbs globally
The Pakistani rupee continued to lose ground against the dollar for the ninth consecutive session on Wednesday, with the PKR
Business
Dollar pushes towards fresh 24-year peak versus yen after US CPI shock
The dollar climbed close to a 24-year peak against the yen on Wednesday amid a jump in United States yields
Business
Challenges have increased after floods: Miftah
LAHORE: The economic pressure has increased due to floods, said Finance Minister Miftah Ismail. “Difficult decisions have been taken to
Business
Dollar steadies as eyes turn to US inflation data
The dollar nursed losses on Tuesday ahead of United States inflation data that investors hope might show some signs of
Business
PKR slides by Rs2.18 in interbank
The rupee fell by Rs2.18 against the dollar during early trade in the interbank market on Tuesday, data shared
Business
PKR remains under pressure, falls by Rs1.72 in interbank
The rupee continued to weaken against the dollar on Monday, falling by Rs1.72 during early trade in the interbank
Business
Advisers set conditions for LNG plants’ sale
ISLAMABAD: Financial advisers of the National Power Parks Management Company Limited (NPPMCL) — which owns and operates two LNG-fired plants with
Business
Currency declaration requirement not a new development, clarifies FBR
The Federal Board of Revenue (FBR) clarified on Sunday that the requirement of submitting a currency declaration form for inbound
Business
Govt to start clearing dues of Chinese IPPs from next week
ISLAMABAD: The government on Friday promised to start making payments to independent power producers (IPPs) set up under the China-Pakistan
Business
Flood crisis to hit GDP growth projection
KARACHI: Pakistan expects to cut its Gross Domestic Product (GDP) growth projection for the financial year 2022-2023 from five per
Business
EU countries seek emergency solution to soaring energy bills
European Union countries’ energy ministers meet on Friday to search for solutions from a long list of possible measures to
Business
Oil supported by supply threats, but heads for weekly drop on demand fears
Oil prices increased on Friday as investors took into account Russia's warning to stop exporting gas and oil
Business
Rupee continues downward trend, falls by Rs3.05 in interbank
The rupee, which has been weakening against the US dollar for over a week, dropped by Rs3.05 in the
Business
Extra fuel charges in power bills deferred, not waived
According to Miftah, the price of power will decrease next month. Talks about the time of the next October review
Business
Forex disclosure by inbound travellers brings rupee under stress
ISLAMABAD: The Ministry of Finance and the Federal Board of Revenue (FBR) expressed their ignorance about foreign currency declarations made
Business
PKR falls by Rs1.78 in interbank
The Forex Association of Pakistan (FAP) released rates on Thursday that indicated the rupee had lost Rs1.78 in early
Business
Oil falls to 7-month low on renewed demand fears, rate hike expectations
COVID-19 restrictions in China sparked concerns of a worldwide economic crisis and decreased gasoline consumption, the world's largest
Business
Dollar crushes yen as aggressive Fed bets ramp up
On Wednesday, US economic statistics supported the belief that the Federal Reserve would continue its aggressive policy tightening, and the