Business News | PSX | News Updates from Pakistan Economy

World Bank urges Pakistan to take urgent steps to tax agriculture and real estate

Deeply concerned over the state of economy, the World Bank has urged Pakistan to take urgent steps to tax its sacred cows – agriculture and real estate – and cut wasteful expenditures in an effort…

September 23, 2023
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Caretaker Minister for Energy Muhammad Ali and Caretaker Federal Minister for Commerce, Industries, and Production, Gohar Ejaz visit the Lahore Chamber of Commerce and Industry (LCCI).

Change in gas prices to be announced soon: energy minister

Caretaker Minister for Energy Muhammad Ali on Thursday said gas prices in the country had consistently been a matter of concern, underlining that forthcoming announcements would detail the impending changes in the price of the…

September 21, 2023
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ADB warns political instability in Pakistan to implement key reforms

Warning that downside risks to Pakistan’s economic outlook remain exceptionally high, the Asian Development Bank’s latest report says the country’s adherence to an economic adjustment programme through April 2024 will be critical for restoring stability…

September 20, 2023
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IMF expresses concerns over smuggling oil in Pakistan

The International Monetary Fund has expressed ‘concerns’ over the increase in the sale of smuggled oil in Pakistan and has asked authorities to submit a report on the topic, according to the media sources.

September 19, 2023
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PKR maintains winning streak against US dollar

The US dollar (USD) dropped 1.45 Pakistani rupee (PKR) in interbank on Tuesday morning and trading at Rs294.50.

September 19, 2023
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PKR continues to gain ground against US dollar

The Pakistani rupee strengthened for the ninth consecutive session against the US dollar, appreciating 0.3% in the inter-bank market on Monday.

September 18, 2023
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Caretaker govt pushes petrol, diesel prices to record high with up to Rs26 hike

Amid back-breaking inflation, the caretaker government on Friday jacked up the petrol price by more than Rs26 and diesel price by over Rs17 per litre in its fortnightly review.

September 16, 2023
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SBP keeps interest rate unchanged at 22%

The Monetary Policy Committee of the State Bank of Pakistan (SBP) has kept the key policy rate unchanged at 22%.

September 14, 2023
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Rupee appreciates further against US dollar in inter-bank

After the authorities launched a crackdown to curb black market trade in the country's major cities, the Pakistani rupee continued to gain against the US dollar, strengthened by another three in the open market on…

September 14, 2023
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Petrol prices likely to rise further as cost of oil jumps

Another massive hike is expected in the prices of petroleum products in the upcoming fortnightly review amid rise in global oil prices.

September 14, 2023
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PKR continues to gain ground against US dollar in interbank market

The rupee continued to strengthen against the US dollar in the interbank market on Wednesday but fell in the open market.

September 13, 2023
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PKR continues to gain ground against US dollar in interbank market

The Pakistani rupee maintained its positive momentum against the US dollar, appreciating another 0.39% during the opening hours of trading in the inter-bank market on Tuesday.

September 12, 2023
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PKR extends gains against US dollar in interbank and open market

The Pakistani rupee maintained its momentum against the US dollar, appreciating another 0.6% during trading in the inter-bank market. Rupee continued its appreciation run against the US dollar in the open market as well on…

September 11, 2023
Published in Business

Police arrest 21 electricity thieves, fine more than Rs160 mln

Following the directive of the Prime Minister of Pakistan Anwar-ul-Haq Kakar, a nationwide operation against electricity theft is underway in the country.

September 9, 2023
Published in Business