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ISLAMABAD: The Sui Southern Gas Company (SSGC) and Sui Northern Gas Private Limited (SNGPL) have asked the Oil and Gas Regulatory Authority to raise the gas tariff. SSGC has requested a tariff increase of Rs109.78 per metric million British thermal unit (mmbtu), while SNGPL has requested an increase of Rs857.40 per mmbtu. They want the …
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KARACHI: The gold prices on Saturday increased by Rs 800. With the increase of Rs 800, the price of gold per tola will be Rs 1 lac 8 thousand. The price of 10 grams of gold increased by Rs 686 to Rs 92,593. Gold in the global market increased by 17 8 to 1745 per …
KARACHI: The office-bearers of Pakistan Tea Association (PTA) Mr. Muhammad Aman Paracha, former Chairman, Mr. Zeeshan Maqsood, and the Convener Standing Committee (SVC) of Tea in The Federation of Pakistan Chambers of Commerce & Industry (FPCCI) have expressed their concerns over the malpractices being carried out by some tea traders. They have also requested the …
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KARACHI: The foreign exchange reserves of the State Bank of Pakistan (SBP) were recorded at $13 billion in the week ending March 12, a rise of $4 million or 0.03 percent. Overall liquid foreign currency reserves held by the government, including net reserves held by banks other than the SBP, were $20 billion, according to …
KARACHI: Asif Ahmad has been appointed General Manager of IBM Pakistan by the International Business Management (IBM). He will succeed Ghazanfar Ali, who has led IBM’s operations in Pakistan since 2016 and is now in charge of IBM’s Middle East and African operations. “The adoption of technology is not only necessary for a profitable and …
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ISLAMABAD: Complications and irritants in current tax processes must be overcome in order to fully use the country’s tax capacity. According to former vice president of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) MA Jabbar, taxation schemes are getting more nuanced with each budgetary exercise, likely due to the Federal Board of …
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ISLAMABAD: The ruling party, Pakistan Tehreek-e-Insaf (PTI), sought the resignation of the Election Commission of Pakistan (ECP) on Monday, accusing it of “total incompetence” in conducting open Senate elections and thereby losing the government’s confidence. The PTI government and the commission got into a battle when the latter claimed in the Supreme Court that the …
ISLAMABAD: The government raised kerosene and light diesel oil (LDO) tariffs on Monday, the new rates will be effective from today. The price of kerosene oil was boosted by Rs3.42 per litre, from Rs80.19 to Rs83.61, by the government. Within the fortnightly market adjustment process, the premiums will be in place for the next two …
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STOCKHOLM: The Stockholm International Peace Research Institute (SIPRI), on Monday, informed via a report that Pakistan, among other counties, such as India, Australia, China, and South Korea, was the largest importer of major weapons. In the report by SIPRI, Pakistan collected 42% of global arms transactions in 2016–20. The United States, France, and Germany – …
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ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has authorized K-Electric to raise the electricity tariff to Rs1.97 per unit for a period of three quarters. Currently, the government is implementing a strategy of uniform tariffs for all electricity delivery firms. The same policy applies to K-Electric as well. With a strategy of standardized market …
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KARACHI: At the opening of the bullion market, a single tola of 24-Karat gold in Pakistan was sold for Rs103,000 on Thursday, 11 March. Likewise, 10 grams of 24k gold were sold for Rs 88,305, while 10 grams of 22k gold were traded for Rs 80,947. In addition, silver was exchanged at Rs1,320/tola, while 10 …
KARACHI: In spite of some economic difficulties, the Pakistani Rupee is improving against the US dollar. As per an article published by Khaleej Times, strong remittances, debt relief, and rising exchange reserves are contributing to the appreciation of the currency. At the beginning of the year, USD 1 valued at 160.99 and is now valued …
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KARACHI: The decline in gold prices persisted on Friday, while the prices of precious metals dropped by Rs1,450 per tola in the local market. The cost of gold fell by more than 8 per cent in a month, as buyers are moving away from the safe bet product with COVID-19 fear subsidizing, as per traders. …
KARACHI: On Friday, March 5, at the opening of the bullion market in Pakistan, a single tola of 24-karat gold was sold for Rs104,200. Similarly, 10 grams of 24k gold sold for Rs89,335 and 10 grams of 22k gold for Rs81,890. Furthermore, the price of a tola of silver is Rs1,350, whereas the price of …
KARACHI: At the opening of the currency market on Friday, March 5, the buying rate of the US dollar was Rs157.1, while the selling rate was Rs157.9. According to dealers, the local currency reversed some of its gains from the previous session as political instability outweighed the effects of positive economic developments. Furthermore, a rise …
Karachi: A single tola of 24-carat gold in Pakistan will be purchased at Rs106,100 on Thursday, 4 March, at the opening of the bullion market. Likewise, 10 grams of 24k gold were exchanged at Rs90,964, while 10 grams of 22k gold were traded at Rs83,383. As per data released by the All Sindh Saraf Jewellers …
KARACHI: The purchase rate of the US dollar was Rs157.15, while the sale rate was 157.35 on Thursday, March 4 at the opening of the currency market. “The appetite for hard currency to be paid by importers has been subdued,” said a foreign exchange broker at a commercial bank on Wednesday. “The surplus of dollars …
KARACHI: On Wednesday, a single tola of 24-karat gold was sold in Pakistan for Rs107,200. At the close of trade, the price of 10 grams of 24k gold was Rs 91,910. Similarly, 10 grams of 22k gold cost Rs. 84,250, while a 22k tola cost Rs. 95,240 at the market’s close. The bullion prices in …
KARACHI: The prices of petroleum goods will continue till March, as per Prime Minister Imran Khan’s political coordination advisor, Shahbaz Gill. Gill said in a Twitter post that the Oil and Gas Regulatory Authority had suggested a raise of Rs6-7 per liter, but that PM Imran Khan had declined. اوگرا نے تقریباً 6 سے 7 …
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) is determined to facilitating minority shareholders and has decided to reduce turnaround time for payment of cash dividends to shareholders of listed organizations from 15 days to 03 working days only. SECP has released revisions to the Corporations (Distribution of Dividends) Rules, 2017, for public consultation. …
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Karachi: Mian Nasser Hyatt Maggo, President Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has proceeded abroad on an official visit. During his visit, Mr. Nasir Khan, Vice President FPCCI will be the Acting President of FPCCI.
KARACHI: Mian Nasser Hyatt Magoo, President of the Federation of Pakistan Chambers of Commerce and Industry at a summit conducted with Chairman FBR alongside high ranking customs and IRS officials, said that it is high time for a paradigm shift in the tax system to facilitate investment, help development and growth in the economy instead …
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Dubai: In acknowledgment of its contribution to the health and welfare of its staff and passengers, Emirates has become one of the world’s first airlines to fly a flight of entirely vaccinated frontline teams serving customers at any touchpoint of the trip. This morning, the full airport and on-board passenger encounter of flight EK215, which …
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