Business

Prices of ghee and cooking oil are expected to rise in anticipation of Ramadan.

Prices of ghee and cooking oil are expected to rise in anticipation of Ramadan.

KARACHI: Atif Ikram, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), voiced apprehensions regarding a possible…
Electricity rates decreased for February bills

Electricity rates decreased for February bills

The National Electric Power Regulatory Authority (NEPRA) has announced a drop in electricity costs by more than Rs1.22 per unit…
According to Rana Tanveer Hussain, utility stores won’t be shut down.

According to Rana Tanveer Hussain, utility stores won’t be shut down.

Despite obstacles, the government is not closing utility stores, according to Federal Minister for Industries and Production Rana Tanveer Hussain.…
FBR lowers Karachi’s built-up structure property valuation rates

FBR lowers Karachi’s built-up structure property valuation rates

A year-by-year breakdown of the depreciation value of residential and commercial built-up properties is included in the updated property valuation…
The IMF denies government officials an extension to declare their holdings.

The IMF denies government officials an extension to declare their holdings.

The request for an extension in government officials’ asset declarations was denied by the International Monetary Fund (IMF). Important talks…
In January, Pakistan’s remittances rose by 25%.

In January, Pakistan’s remittances rose by 25%.

In January 2025, Pakistan had a notable 25% growth in domestic remittances, with inflows hitting a record $3 billion for…
It is anticipated that the cost of electricity will drop by Rs2 per unit.

It is anticipated that the cost of electricity will drop by Rs2 per unit.

In an effort to help consumers, the government is attempting to lower electricity costs nationwide. A task team has started…
Meeting with Supreme Court officials while visiting the IMF team

Meeting with Supreme Court officials while visiting the IMF team

The talks, which are scheduled to resume on Tuesday, also touch on legal and constitutional issues, such as the judicial…
February 7, 2025: The value of the Pakistani Rupee (PKR) in relation to the US dollar is unchanged.

February 7, 2025: The value of the Pakistani Rupee (PKR) in relation to the US dollar is unchanged.

KARACHI: The open market exchange rate between the US dollar and the Pakistani rupee (PKR) was Rs279.4 on February 07,…
Pakistan currently has US$16.04 billion in foreign exchange reserves.

Pakistan currently has US$16.04 billion in foreign exchange reserves.

According to a statement from the central bank, Pakistan’s reserves held by the SBP grew by US$46 million to US$11.41…
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