Electricity prices set to increase for Karachi citizens
Potential increase comes at time when many Karachi residents already grappling with high electricity bills
Money
Ministry says inflation expected to come down to single digit soon
Report says in June 2024, 43,356 Pakistanis got jobs abroad
Saudi Riyal to PKR latest exchange rate today
Steady trend reflects current financial landscape, providing sense of assurance to those closely following currency dynamic
Price of gold in Pakistan drops after constant increase
Market analysts attribute rise in gold prices to various factors, including fluctuations in global market
Pakistan's foreign direct investment rises 17% in fiscal year 2024
SIFC's business-friendly policies contribute to significant growth in FDI
Rs1500 prize bond August 2024 – Details about result, balloting
1,500 prize bond draw offers three tiers of prizes
Update on tax deduction from monthly salary after Budget 2024-25
Under new tax regime, individuals with a monthly salary of Rs150,000 will face a significant tax increase
Here's how to verify PTA approval for smartphones
Pakistan Telecommunication Authority (PTA) issues crucial guidelines to avoid fraud
Foreign companies in Pakistan send more profits abroad than investment
In 2023-24, foreign firms repatriated $2.21bn in profits compared to investments of $1.5bn
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's credit rating upgraded to 'CCC+' by Fitch
Upgrade is largely attributed to certainty of continued external funding after IMF agreement
Price of gold in Pakistan continues upward flight
Market analysts attribute rise in gold prices to various factors, including fluctuations in global market
State Bank of Pakistan reduces interest rate to 19.5%
Governor says reduction comes in response to continuously decreasing inflation rate
Strikes, sit-ins cause 150% increase in vegetable, fruit prices
Recent road closures in Balochistan, particularly Gwadar, have exacerbated situation for the past four days
Major oil, gas reserves discovered in Khyber Pakhtunkhwa
Razgir 1 well expected to yield 250 barrels of crude oil, 20 million cubic meters of standard cubic gas per day
Bullish trend at stock exchange: KSE-100 Index sees upward trend
Surge attributed to widespread expectation that SBP will announce reduction in interest rates
State Bank of Pakistan to announce new monetary policy today
SBP governor to announce interest rate in press conference after Monetary Policy Committee convenes at SBP head office
Power division denies free electricity for lawmakers, bureaucrats
Rebuttal comes in response to widespread speculation over free electricity
'China assures support for Pakistan in IMF board approval'
Aurangzeb says steps being taken to ensure stability without imposing extra burden on lower class
Prices of petroleum products likely to fall from August 1
Finance minister will announce new prices of petroleum products on July 31 after PM's approval
Prices of gold in Pakistan increase for second day
Market analysts attribute rise in gold prices to various factors, including fluctuations in global market
Saudi Riyal to PKR latest exchange rate today
Steady trend reflects current financial landscape, providing sense of assurance to those closely following currency dynamic
Govt to end free electricity for bureaucrats, judges, parliamentarians
Energy Ministry decides to work on emergency plan to abolish free power for govt, semi-govt institutions
Pakistan faces shortfall in external debt, secures only $9.81bn
Asian Development Bank, World Bank emerge as largest sources of multilateral loans
Privatization Commission approves sale of Discos
Aleem Khan says privatization very important for strengthening, recovery of economy
FINANCE
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Pakistan needs $100bn in external financing by 2027 amid financial challenges
Senate committee told that in last five years, there was an average annual increase of 14% in loans
Pakistan will have to pay Rs49 trillion in local loans by 2030
Report says loans taken through investment bonds, treasury bills, sukuk, savings schemes
US weekly jobless claims at four-month low; housing market on back foot
Economic growth estimates for third quarter are around 3% annualized rate
Pakistan’s foreign reserves exceed $14 billion
Economists hail this increase as a positive sign for Pakistan's economy
Crypto star Waqar Zaka scores $15,000 profit live amid FOMC meeting
Zaka’s live trading unfolded in real-time, allows his audience to witness his calculated moves
AUTO
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Pakistan’s energy quagmire: Subsidies, debt, and the quest for sustainability
Annual expenditure on power subsidies reaches alarming PKR 0.58 trillion in FY2024
Nepra jacks up power tariff by Rs1.15 per unit
Approved increase is applicable for the next three months, extending until March 2024
Power consumers brace for additional burden as operational cost rise
CPPA aims to impose monthly operational fee of Rs 4.96 per unit
Oil prices rally on robust US inventory draw, Fed's positive economic signals
Brent, WTI Futures rise on larger than expected crude withdrawal
Nestlé powers Rs2bn renewable energy investment in Pakistan
Company inaugurates 2.5MW solar power plant, worth Rs480 million at Kabirwala Factory
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