Business

PIA privatization; Deadline extended for submission of declaration of interest

Amid ongoing discussions on PIA privatization, they've decided to extend the deadline for submitting interest declarations by 15 days. Federal Minister for Privatisation, Abdul Aleem Khan, asserted that the deadline...

Slashed fuel prices to offer relief to the public: Prime Minister Shehbaz shariff

Prime Minister Shehbaz Sharif announced that the inflation rate has dropped from 39 percent to 17 percent over...

India’s forex reserves rise to one-month high

India's foreign exchange reserves increased by $2.6 billion to $586.11 billion, a one-month high, according to figures released...

Govt decides to increase strategic oil reserves

The federal cabinet has decided to boost the strategic oil reserves. Govt increase oil reserves: The decision was made...

Gold rates register decrease in Pakistan

Pakistan's gold prices decreased in line with the tola price, which fell by Rs. 1,200 on the local...

Pakistan’s car sales jump 49% MoM in August

Data from the Pakistan Automotive Manufacturers Association (PAMA) indicated on Monday that car sales in Pakistan increased 49% month over month (MoM) in August...

KSE-100 loses over 147 points amid rate hike concerns

The Pakistan Stock Exchange (PSX) experienced a negative session on Monday, with its benchmark KSE-100 Index closing in the red. KSE-100 loses points: The KSE-100...

USD rate in open market drops below interbank: dealers

The US dollar (USD) declines below the interbank rate in the open market on Monday. USD rate in open market drops: Dolar is currently trading...

UAE shares jump on possible rail, port deal

After Reuters reported that the United States, Saudi Arabia, India, and other countries are talking about a potential rail and port deal, stock markets...

Rupee continues recovery streak in interbank, open market

The Pakistani rupee continued to appreciate against the US dollar in both the interbank and open markets. Rupee recovery in interbank market: The rupee increased...

Gas tariff to be increased on IMF demand

The International Monetary Fund (IMF) wanted a hefty 45–50% increase in petrol prices from the Pakistani government following the acceptance of relief for power...

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