Connectivity disruption hampers ATM withdrawals across Pakistan
Disruption comes on the heels of a similar incident in August
Money
UAE’s new visa amnesty is game-changer for Pakistanis
Pakistani missions will remain open on Saturdays until the end of October 2024
No plans to close Utility Stores Corporation, assures minister Tanveer
Tanveer Hussain affirms that no unilateral actions will be taken to dissolve USC
Saudi Riyal to PKR latest exchange rate today
Steady trend reflects current financial landscape, providing sense of assurance to those closely following currency dynamic
Pakistan submits plan to IMF for Rs6 electricity price decrease
Plan involves federal, provincial governments jointly arranging funding of Rs2,800 billion
Petrol and diesel smuggling threatens closure of Pakistan’s oil industry
An estimated 10 million liters of smuggled petroleum products
Punjab launches operation to check fuel quality at petrol pumps
Staff from EPA, oil marketing companies will collaborate to inspect fuel
Govt initiates privatization process with SIFC support
Transparency measures implemented for state-owned enterprises
Roshan Digital Accounts surpass $8.4bn in remittances
Investment patterns through RDA also show substantial growth
Dr. Bengali quits govt committees over disagreement over economic reforms
Says made wrong decision of sending off the junior employees
Government announces reduction in petrol and diesel prices
New pricing structure reflects modest decreases across several fuel types
Mini-budget on the cards as revenue shortfall bites
FBR reports a revenue shortfall of Rs115 billion for August
Massive hike in LPG prices for September 2024
Increase in LPG prices is expected to strain household budgets
New petrol price in UAE announced from September 1
Price adjustments come in response to recent trends in global oil markets
Lahore increases prices of essential food items
Cost of daal chana, black gram, besan sees significant rise up to Rs55 per kg
Khyber Pakhtunkhwa achieves record tax collection of Rs7.1bn
Finance adviser says while FBR is struggling, KPRA successfully surpasses two-month target
Pakistan Railways faces major losses due to Balochistan terrorism
Suspension of two trains causes losses of over Rs13 million a day
Moody’s upgrades ratings of 5 major Pakistani banks
Upgrade benefits banks due to substantial holdings of sovereign debt securities
Gold prices in Pakistan see uptick once again
Silver prices remain stable, holding at Rs2,950 per tola
Goldman to lay off a few hundred employees in annual review
Investment bank reinstates performance-related job cuts in 2022 after halting for two years due to pandemic
FBR faces Rs113 billion shortfall in August tax collection
Board hopeful revenue collection will increase on final day of August, help reduce overall shortfall
Pakistan's agricultural exports surge 45% in early FY 2024-25
SIFC support boosts food exports while imports decline by 18%
Pakistan’s economic outlook: Inflation hits 32-month low
Current Account Deficit falls by 78% in July
Uncertain gold prices in Pakistan leave consumers confused
Lack of updates has caused uncertainty for buyers and sellers
OGDCL strikes oil and gas in Sanghar district
Well starts production of 6.8 million standard cubic feet of gas per day
FINANCE
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Pakistan's inflation falls lower than govt projections
Annual inflation rate drops to 6.9% in September, marking significant decline from last year's alarming 31.4%
Gold prices in Pakistan fall for 4th consecutive day
Silver prices in local market remain stable at Rs3,050 per tola
FBR surpasses Sept tax target but misses 1st quarter goal
During first quarter, FBR collects Rs2,562bn in taxes, missing target of Rs2,652bn
Today's last date for income tax return filing; 1.240m declare zero taxable income
Despite rise in tax filings, large portion of individuals with taxable incomes remains outside tax net
Unemployment in Saudi Arabia decreases to 7.1%
According to latest data, 95.5% of unemployed Saudi citizens are willing to accept job offers in private sector
AUTO
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OGRA increases RLNG prices by 6.49%
Price hike will take effect starting May 1
Electricity shortfall in Pakistan reaches 5,500MW
Power Division maintains there is no scheduled load shedding in any part of the country
Petrol price in Pakistan set to see another big drop from May 31
Govt expected to announce revised tariff for petroleum products on May 31
Loan negotiations: IMF demands 18% GST on petroleum products
Govt considers alternative approach by imposing carbon levy on petroleum instead of GST next year
Load shedding increases as power shortfall rises to 5,000MW
Energy sector circular debt soars to $17.5bn with electricity sector alone accumulating Rs2,794bn debt
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