Business
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SBP Foreign Exchange Reserves Drop Slightly
The State Bank of Pakistan’s (SBP) foreign exchange reserves saw a small decline of $15.3 million, or 0.13%, during the…
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SECP Uncovers Fraudulent Investment Scheme Targeting Layyah Residents
The Securities and Exchange Commission of Pakistan (SECP) has uncovered an illegal deposit-taking and investment scheme under the names Summit…
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PIA’s Inaugural Direct Flight to Paris Set to Boost Revenue
Pakistan International Airlines (PIA) expects to generate over Rs107 million in revenue from its inaugural direct flight to Paris, scheduled…
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Government Announces Electricity Tariff Cuts Amid Talks with IMF
Federal Minister for Energy, Awais Leghari, announced significant progress in reducing electricity rates, with ongoing discussions with the International Monetary…
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Inflation Is Expected to Decline Further by January: Governor SBP
State Bank of Pakistan (SBP) Governor Jameel Ahmed expressed confidence in the country’s economic trajectory. Speaking at the Federation of…
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K-Electric Announces Scheduled Load Shedding in Karachi on January 10
K-Electric (KE), Karachi’s main electricity provider, has announced a scheduled Load Shedding on January 10, 2025. The shutdown will affect…
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Shocking Claims on Food Quality in Pakistan
ISLAMABAD: Senator Aimal Wali Khan made alarming claims about food safety during a Senate Standing Committee meeting on National Food…
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Rupee Appreciates by 0.1% in Inter-Bank Market on Thursday
The Pakistani rupee strengthened marginally against the US dollar on Thursday, appreciating by 0.1% during the early hours of trading.…
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Cement Prices Drop in Pakistan
Cement prices in Pakistan’s northern cities dropped slightly during the week ending January 2. According to the Pakistan Bureau of…
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KSE-100 Index Recovers After 2 Days of Losses
The capital market started Wednesday’s session on a positive note, making a strong recovery after two days of consecutive losses.…
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Prime Minister Shehbaz Sharif’s Day-Long Visit to Karachi
ISLAMABAD: Prime Minister Shehbaz Sharif arrived in Karachi on Wednesday for a day-long visit. During his time in the port…
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Oil Prices Dip as Market Faces Technical Correction and Supply Concerns
Oil prices fell on Tuesday, extending losses from the previous session. This marks a second consecutive day of decline following…
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Malaysia Lifts Lab Testing for Pakistani Oranges
Pakistan’s citrus industry has received a major boost with the removal of laboratory testing requirements for the export of oranges…
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KSE-100 Index Drops Amid Profit-Taking and Economic Concerns
The Pakistan Stock Exchange (PSX) began the week on a negative note as the KSE-100 index plunged by 1,332 points.…
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Saudi Riyal Stable Against Pakistani Rupee: Buying Rate at Rs 74.18
The Saudi Riyal (SAR) remains stable against the Pakistani Rupee (PKR) in the open market, with a buying rate of…
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Gold Rate Drops in Saudi Arabia: 24-Karat Gold Now at SAR 3,708 Per Tola
The rate of 24-karat gold in Saudi Arabia fell to SAR 3,708 per tola on Monday, January 6, 2025. According…
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Govt Unveils Plan to Double GDP and Slash Poverty by 2029
Prime Minister Shehbaz Sharif’s government has introduced the National Economic Transformation Plan to boost Pakistan’s economy. The plan aims to…
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Blast Targets Bus in Turbat, Balochistan: 4 Killed, 32 Injured
A blast targeted a passenger bus in Balochistan’s Turbat on Saturday, leaving four people dead and 32 injured. Police confirmed…
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Turkish Company Bids for Islamabad Airport Outsourcing
The financial bid for outsourcing the operations of New Islamabad Airport has officially been opened. The opening ceremony took place…
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Exchange Companies Handle $7 Billion in 2024
Karachi: Mr. Zafar Paracha, Secretary General of the Exchange Companies Association of Pakistan (ECAP), announced that exchange companies handled a…
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Mashreq Becomes First Bank to Launch Pilot Operations
Karachi: Mashreq Pakistan, a part of Mashreq Group, has received a restricted license from the State Bank of Pakistan (SBP)…
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Foreign Reserves Decrease, Total Reserves Show Modest Growth
Karachi: Pakistan’s official foreign reserves have decreased, while the country’s total reserves saw a slight increase. According to the latest…
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Veon Group Invests USD 15m in Mobilink Bank
Karachi: Veon Group, a global digital operator, has injected USD 15 million into Mobilink Bank. The investment aims to boost…
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