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PIA spokesperson said on Tuesday that all Boeing 777 planes in the PIA fleet are fitted with General Electric engines that are deemed to be the safest engines. Flight operations of the airline are routine as set out in its timetable. The Boeing Corporation has recently suggested the suspension of operations of 69 in service …
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KARACHI: The Pakistan Stock Exchange (PSX) conducted a gong ceremony on Monday to mark the listing of Panther Tyres Ltd. Panther Tyres Ltd’s successful initial public offering was the fifth listing on the stock exchange in FY21 this fiscal year. The Gong was hit by PTL CEO Mian Faisal Iftikhar in the presence of PSX …
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As Texas energy producers started planning to reopen oil and gas fields blocked by freezing conditions, oil prices dropped from recent highs for a second day on Friday. Brent crude futures dropped $1.16, or 1.8 percent, to $62.77 a barrel by 1150 GMT, while crude futures in the United States West Texas Intermediate (WTI) fell …
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Roshan Digital Accounts Government declares a new streamlined and comfortable tax regime The Federal Government has announced several amendments to the Income Tax Ordinance 2001 through Tax Laws (Amendment) Ordinance 2021 on the basis of feedback from the diaspora and recommendations from the State Bank of Pakistan (SBP) to make the tax system simple, convenient, …
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Bitcoin, on Tuesday, surged above $50,000 to a new record high, building on a rally sparked by signals that institutional investors are increasing recognition of the world’s biggest cryptocurrency. With Bank of NY Mellon and Mastercard having affirmed it last week, bitcoin holders who see it as the prospect of finance are moving a big …
Karachi: The US dollar’s purchasing rate was Rs159.2, while Rs160 on Tuesday, February 16, was its sale rate. The rupee dropped during Monday’s trading session, breaking a five-session winning streak, as a recent surge in dollar demand from importers dragged down the local currency, dealers said. Dealers also said the national currency did give up …
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Karachi: On Tuesday 16 February, at the close of the bullion market, a single tola of 24 karat gold was sold in Pakistan for Rs111,200. Similarly, at the close of trade, 10 grams of 24k gold were valued at Rs95,336. Additionally, for Rs87,391, 10 grams of 22k gold was exchanged. The All Sindh Saraf Jewellers …
Islamabad: The PTI government has decided to recover Rs 386 billion from sugar mills for which National Accountability Bureau cases have been sent. In a recent cabinet meeting, Prime Minister Imran Khan instructed the Adviser on Accountability and Home Affairs to brief the Cabinet on the action taken so far on the report of the …
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Islamabad: Taraqee Foundation with the support of United Nations Development Program (UNDP Pakistan), Pakistan Poverty Alleviation Fund – PPAF, Forest and Wildlife Department and Government of Balochistan, initiated a mass tree plantation campaign called “Chand Meri Zameen – Phool Mera Watan” The drive targets multiple cities of Balochistan including Quetta, Pishin and Nushki. As part …
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Pakistan International Airline delegation headed by CEO Air Marshal Arshad Malik along with team visited BQATI Secretariat The CEO PIA, Air Marshal Arshad Malik was welcomed by the Patron in Chief / Founder President, BQATI, Mian Muhammad Ahmed, Founder Vice President Mr. Usman Ahmed, Senior Vice President Mr. Iftikhar Ahmed the meeting was attended by …
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KARACHI: 12 February 2021 – Habib Metropolitan Bank Limited (HABIBMETRO) has joined the Roshan Digital Account (RDA) initiative of the State Bank of Pakistan. Roshan Digital Accounts provide innovative banking solutions to millions of Non-Resident Pakistanis (NRPs) and Resident Pakistanis (RPs) with declared offshore assets, who need a secure and convenient facility, to undertake banking-payments, …
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Karachi: Pakistan Stock Exchange Limited has dimissed the rumors about the alleged circulating a notice on social media regarding M/s. WorldCall Telecom Limited. According to a statement issued, PSX “has received multiple calls for confirmation of alleged PSX Notice No. PSX/N-215 dated February 11, 2021; circulating on social media relating to the placement of M/s. …
Managing Director & Chief Executive Officer of Pakistan Tobacco Company Limited unveiled their new logo reflecting on the company’s evolved strategy, in line with its parent company British American Tobacco plc (BAT) that has set out three clear priorities for its business across the globe: – Drive value from traditional combustible products – Ensuring a …
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Gold has also become more expensive in Pakistan after the rise in the international bullion market. In the international bullion market, the price of 24 karat gold per ounce rose by dollar 20 to 1843, while in the local barter markets, the price of gold per tola and per ten grams increased by Rs. 300 …
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The sales rate of the US dollar was Rs159.9, while the sale rate was Rs160.6 on Monday, 8 February. In the meantime, the prices of the US Dollar, Saudi Riyal, UK Pound, UAE Dirham, and other foreign currencies in the free market were as follows. Currency Buying Selling Australian Dollar 121 123 Canadian Dollar 123 …
KARACHI: on Monday 8 February, one tola of 24-karat gold in Pakistan was sold for Rs118,000, at the closing of the bullion market. According to the details, 10 grams of 24k gold was sold for Rs95,850 at the closing of trading. on the other hand 10 grams of 22k gold was traded for Rs87,863.
In the Electric and Autonomous Vehicles Market, Ford Motor Company Has Carried Out Ambitious Expansion Plans as It Strives to Battle Tesla. The automaker is spending US$29 billion in space, which corresponds to a net loss of US$2.8 billion for the fourth quarter. The carmaker was determined to spend a total of $11.5 billion on …
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In order to prevent money laundering, the FBR has made it mandatory to keep a record of buying and selling jewelry for five years. The Federal Board of Revenue (FBR), sources said that new guidelines have been issued for those trading in precious stones and metals. According to the guidelines issued, the record of buying …
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Karachi: The Oil and Gas Regulatory Authority (OGRA) has notified that the price of Liquefied Natural Gas (LNG) for the month of February by Rs 142 per MMBtu. According to the Oil and Gas Regulatory Authority (OGRA), the prices for Sui Northern Gas Company and Sui Northern Gas Pipelines Company Limited (SNGPL) have been increased. …
The dollar weakens against the rupee last week as Pakistan sought 10 billion dollars for finance over the next three years through various World Bank projects. 20% reduction in government import bill due to intermittent decline in global oil prices, Rising remittances strengthen the rupee. The dollar continued to depreciate against the euro pound and …
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Karachi: The US dollar depreciated against the rupee in both the foreign exchange markets on Friday. As a result, the dollar lost another 20 paise to close at Rs 160.30 in the open currency market. In the interbank market, the dollar fell further by 18 paise to close at Rs 160.10. Read, Gold prices rose in …
Karachi: In the international market, the prices of 24 Karat gold per ounce rose by dollars 20 to 18 1862. While in the local market, gold prices rose by Rs 500 and Rs 429 per tola and per 10 grams, respectively, on Friday. Read, Ms Bakhtawar Bhutto to Mrs Mahmood Chaudhry As a result, the price …
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Karachi: US dollar, against Pakistani rupee, increases in the interbank market by 5 paisa on the first day of the business week. According to the data released by the State Bank of Pakistan, the US currency became 5 paise more expensive on Monday. The dollar rose from Rs 160.75 to close at Rs 160.80 Interbank …
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