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...

Gold prices increase by Rs600 per tola in Pakistan

The price of gold in Pakistan rose by Rs600 per tola, continuing gains. Gold prices increase in Pakistan: The price of 24-carat gold in the...

PIA appoints new CEO as it braces for privatisation

A PIA spokeswoman informed Reuters that they have named former Air Vice Marshal Muhammad Amir Hayat as the CEO of Pakistan International Airlines (PIA)...

Neelum Jhelum Hydropower project resumes power generation

The Neelum Jhelum Hydropower facility has resumed energy production after being out of commission for more than a year thanks to the rehabilitation of...

Govt announces increase in travel allowance for govt employees

The coalition government, whose term is slated to end Monday, announced a big change by increasing daily travel and mileage reimbursements for all public...

European stocks dip as Italian banks, downbeat data weigh

Tuesday saw a decline in European markets as Italian banks came under pressure following the cabinet's approval of a 40% windfall tax on lenders,...

DISCOs seek additional hike of Rs6 per unit in power tariff

Pakistan's ten power distribution companies (DISCOs) have requested a further increase of Rs3.50 to Rs6 per unit in consumer bills under the final quarterly...

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