Scammers prey on young Chinese desperate for jobs in bleak economy
A record 11.79 million Chinese students graduated this summer
Money
BYD to launch new energy vehicles in Pakistan on August 17
SIFC facilitates introduction of electric and plug-in hybrid vehicles to Pakistani market
Pakistan’s trade deficit widens by 21% annually
Pakistan’s exports were valued at $2.56 billion in June 2024
Textile exports drop amid high electricity costs and unfavorable conditions
July 2023 witnessed textile exports amounting to $1.31 billion
Rs100 prize bond draw winners announced – Check here
A Total of 1,696 smaller prizes of Rs1,000 each were distributed among other bondholder
Pakistan’s foreign exchange reserves see a massive boost
Central Bank’s foreign currency reserves rose by $12 million to $9.273 billion
India releases water into Chenab River without information
High-level flood warning issued from Marala to Qadirabad Barrages
Gold price per tola see minor drop in Pakistan
Internationally, gold price also faced a downward trend
Rs1500 prize bond 2024 draw results announced – Check here
Prize bonds are a popular financial instrument in Pakistan
Saudi Riyal to PKR latest exchange rate today
Steady trend reflects current financial landscape, providing sense of assurance to those closely following currency dynamic
Chicken prices skyrocket to Rs440 per kg
Shopkeepers report sales have drastically fallen, only hotel owners purchasing chicken in bulk
Electricity bills in Pakistan more than house rents: Bloomberg
Report says while inflation has slightly decreased, it remains highest compared to other Asian countries
MSCI adds 7 Pakistani companies to global indices
MSCI is a key player in global investments
OGDCL reports major gas discovery in Rahim Yar Khan
Newly discovered reserves are expected to produce 6.15 million cubic feet of gas per day
Massive reduction in petrol and diesel prices announced
The government slashes petrol prices by Rs 8.47 per liter
Pakistan unveils new visa policy; abolishes fees for 126 countries
Minister Tarar says doors of Pakistan are being opened to world
Saudi Riyal to PKR latest exchange rate today
Steady trend reflects current financial landscape, providing sense of assurance to those closely following currency dynamic
Gold price in Pakistan witnesses sharp increase
Silver rates in local market remain stable at Rs2,850 per tola
Govt likely to assign Rs2.34 trillion for defense next year: Report
Ministry expects increased economic growth and reduced inflation next fiscal year
Ogra announces new RLNG prices for August, price hiked by 3.20%
The new rates, effective immediately, have been detailed in an official notification issued by Ogra
Indus Motors to export locally manufactured Toyota vehicles globally
IMC's decision to expand its export operations is seen as a positive development for Pakistan's industrial sector
SK Hydropower Station’s first unit achieves synchronisation
Firrst unit commences transmitting clean energy to local users via power transmission lines
Petrol, diesel prices in Pakistan may see drop from Aug 15
OGRA currently finalising its recommendations, which will be submitted to Finance Minister Ishaq Dar.
Saudi Riyal to PKR latest exchange rate today
Steady trend reflects current financial landscape, providing sense of assurance to those closely following currency dynamic
Karachi Food and Agricultural Expo 2024 ends with $1.2bn in trade orders
TDAP CEO says 800 international buyers from 75 different countries took part in the exhibition
FINANCE
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Pakistani rupee smashes US dollar after IMF deal
Value of US dollar comes down to Rs277.60 in interbank market
IMF loan approval: Stock exchange reaches record high
KSE-100 Index records sharp rise of 450 points, reaches record level of 82,700 points
IMF chief Georgieva praises Pakistan's economic progress, reforms
Fund head commends Islamabad for efforts to collect tax from wealthy, provide support to most vulnerable
IMF releases $1 billion tranche under new bailout package
Fund warns Pakistan still faces challenges, including difficult business environment, weak governance, excessive state intervention
IMF approves $7 billion loan for Pakistan
The loan is expected to help stabilise Pakistan’s economy
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Gas bomb: Caretaker govt raises tariff by 67%, effective from Feb 1
Sharp hike applies to both protected, non-protected customers, translating to a surge of Rs100, Rs300 per MMBTU, respectively
Potential increase in petrol, diesel prices from Feb 16
Increase in prices is being considered due to fluctuations in global oil prices
Solar panel prices skyrocket as summer nears
Cost of solar panels rises from Rs75,000 to Rs300,000
Gas prices set to rise further for all consumers
CNG sector will see Rs170 per MMBTU increase, prices for captive power plants will also rise
Electricity prices up by Rs4.56 per unit
This comes as part of December fuel adjustment, will be reflected in consumer bills for upcoming month
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