Pak rupee jumps by Rs1.45 against US dollar in interbank
The exchange rate of Pakistani rupee strengthened by Rs1.45 against the US dollar in the interbank market.
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Business News | PSX | News Updates from Pakistan Economy - SUCH TV
OGRA notifies hike in LPG price for July
The Oil and Gas Regulatory Authority (OGRA) has notified the new price of Liquefied Petroleum Gas (LPG) which was increased up to Rs3.96 per kilogram for the month of July.
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LHC: Those responsible for fuel crisis will not get scot-free
The Lahore High Court (LHC) proposed on Tuesday that a parliamentary committee comprising members of the government as well as the opposition be constituted to probe the recent shortage of petroleum products in the country.
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Foreign investment in govt securities climbs to $66mn in June
Nearly $66 million were invested via foreign funds in government securities during June without any outflows recorded during the month, data from the State Bank of Pakistan showed.
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Gold price rises to Rs104,400 per tola in Pakistan
Gold rates in Pakistan increased Wednesday to Rs104,400 a tola as the world economy headed towards a recession due to the spread of the coronavirus pandemic.
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Fuel shortage: OGRA fines three more oil companies
Oil and Gas Regulatory Authority (Ogra) on Monday imposed hefty fines on three more oil marketing companies (OMCs) for creating artificial fuel shortage in the country.
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Boeing 737 MAX certification flight tests to begin on Monday
Pilots and test crew members from the U.S. Federal Aviation Administration and Boeing are slated to begin a three-day certification test campaign for the 737 MAX on Monday, people familiar with the matter told Reuters.
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Licences of 160 pilots from PIA, Serene Air and Airblue declared ‘suspicious’
The Aviation Division has declared licences of 160 pilots from national flag-carrier Pakistan International Airlines (PIA), Airblue and SereneAir ‘suspicious’ and orderd the management of the airlines to immediate ground the aviates on Friday.
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Govt raises petrol price by nearly Rs26 due to global 'rising oil prices'
The government on Friday increased the prices of all petroleum products by up to nearly Rs26 to share the impact of rising international prices with the consumers.
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Foreign Exchange: SBP reserves fall $145.9m
The State Bank of Pakistan (SBP) recorded a decrease of 145.9 million dollars in its foreign exchange reserves during the week ending on June 19.
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Pakistan receives $1 billion from World Bank, ADB
The State Bank of Pakistan (SBP) has received $1billion — $500 million each from World Bank (WB) and Asian Development Bank (ADB) on Wednesday to facilitate the country during its fight against coronavirus.
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ECC okays import of wheat to maintain lower flour prices
Economic Coordination Committee (ECC) meeting headed by Adviser to Prime Minister on Finance Abdul Hafeez Shaikh on Monday approved measures to lower wheat and flour prices in the country.
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Tokyo stocks open lower on fears of worsening pandemic
Tokyo stocks opened lower on Monday, with fears over increasing global virus infections outweighing hopes for a resumption of business activity, and investors eyeing economic indicators due this week.
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Pakistan’s fiscal targets for the next year will be challenging to meet: Fitch Report
Global credit rating agency Fitch Ratings has said Pakistan’s fiscal targets for the next year will be challenging to meet amid the shock to the country’s economy due to the coronavirus pandemic.
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