Economy

ISLAMABAD – Gold prices in Pakistan recorded upward trend in international market as investors awaited key guidance from the US Federal Reserve. As per Sarafa Association, rate of gold surged by Rs2,600, bringing the per-tola rate to…

ISLAMABAD: The government has announced revised prices of petroleum products for the remainder of December, issuing an official notification on Monday. According to the notification, the price of petrol has been kept…

Islamabad: Federal Minister for Power Awais Ahmed Khan Leghari on Monday announced that the prices of smart meters for power distribution companies (Discos) have been reduced by up to 40 percent, a move expected to generate annual savings…

ISLAMABAD: The Pakistan Stock Exchange created history on the first day of the business week as the benchmark index reached its highest-ever level, while the US dollar also weakened against the Pakistani rupee in the exchange market.…

KARACHI – Foreign exchange market shows no changes in several major international currencies, with US dollar, Euro, and UK pound maintaining firm positions against the Pakistani rupee. US dollar traded at Rs280.95  in the buying window and…

ISLAMABAD – Gold prices in Pakistan recorded downward trend in international market as investors awaited key guidance from the US Federal Reserve. As per Sarafa Association, rate of gold fell by Rs2,000, bringing the per-tola rate to…

ISLAMABAD: The Ministry of Finance on Sunday clarified that no new conditions have been imposed under the International Monetary Fund’s (IMF) Extended Fund Facility (EFF) program, emphasizing that the structural benchmarks outlined by the…

Islamabad: The International Monetary Fund (IMF) has expressed satisfaction over the increase in the budget of the Benazir Income Support Programme (BISP), while also calling for a further enhancement in the level of assistance provided…

ISLAMABAD: The International Monetary Fund (IMF) has set strict targets for Pakistan, including a reduction of Rs 143 billion in electricity subsidies and limiting circulatory debt flow to Rs 400 billion for the current fiscal year. The…