Business
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Business
Gold edges lower in Pakistan amid international rout
Gold price in Pakistan settles at Rs220,200 per tola. Price of silver loses Rs50 per tola. Yellow metal falls by…
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Business
Aramco to assess Pakistan’s deep conversion refinery offer
“Pakistan officials are in touch with KSA counterparts,” official says. Before agreement, both nations must sign charter of commitments. Project will…
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Business
PRL to submit report on Russian oil in July
PRL may take two months to refine 100,000 tonnes of Russian crude. Refineries already facing a shortage of furnace oil;…
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Business
Gold price in Pakistan witnesses decline amid drop in international rate
Gold price declines amid approaching cyclone Biparjoy. Per tola gold settles at Rs219,000, rupee registers minor gain. Price of yellow…
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Business
Before budget: Why Pakistan’s economic salvation lies in political wisdom?
In a normal year, Pakistan’s federal budget is typically presented by inflating income and deflating expenses to meet the predetermined…
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Business
Govt jacks up parliamentarians SAP funding by Rs5bn
The amount will be raised to Rs116 billion. SAP funding has gone up from Rs70bn in outgoing fiscal year. FinMin…
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Business
Gold prices sharply fall as rupee shows rich recovery
Rate of gold reaches Rs229,000 per tola. International rate settles at $1,967 per ounce. Price of silver also declines to…
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Business
Alarms raised as food prices push CPI inflation to record 38% in May
Inflation clocks in 1.6% on month-on-month basis. AHL says reading takes 11MFY23 average inflation to 29.2%. Pakistan’s inflation outstrips Sri…
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Business
Govt to approach IMF ‘immediately after budget’ for new programme
Govt is planning to wind up existing IMF programme. New programme is expected to be “tougher”, sources say. Next bailout…
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Business
SSGC issues statement on ‘gas loadshedding plan for Karachi, other areas’
The Sui Southern Gas Company (SSGC) has denied the media reports claiming that a gas loadshedding plan had been notified…
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