Business
Gold prices sharply fall as rupee shows rich recovery
June 1, 2023
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…
Alarms raised as food prices push CPI inflation to record 38% in May
June 1, 2023
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…
Govt to approach IMF ‘immediately after budget’ for new programme
June 1, 2023
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…
Gold price falls as international rate continues to fluctuate
May 25, 2023
Gold price falls as international rate continues to fluctuate
Rate of gold declines by Rs1,800 per tola. International rate down by $21 per ounce. Price of silver remains unchanged. …
Govt to introduce new policy for existing refineries soon
May 25, 2023
Govt to introduce new policy for existing refineries soon
New policy is in the final stage and will offer incentives to refineries. Investors will be granted protection under Foreign…
SSGC issues statement on ‘gas loadshedding plan for Karachi, other areas’
May 18, 2023
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…
Gold price registers meagre increase in Pakistan
May 18, 2023
Gold price registers meagre increase in Pakistan
Rate of gold (24 carats) increases by Rs500 per tola. Interbank and open market rate gap widens. Gold falls $12…
PASHA partners with law firm to provide legal services to members at discounted rates
April 27, 2023
PASHA partners with law firm to provide legal services to members at discounted rates
PASHA — Pakistan Software Houses Association for IT and IT-enabled services sector — has announced a new partnership that will…
Govt yet to withdraw petrol subsidy in writing to IMF causing further dealy
April 27, 2023
Govt yet to withdraw petrol subsidy in writing to IMF causing further dealy
Officials suspect IMF delay is political game. Formal agreement with KSA is expected to be signed “very soon”. Authorities are…
Gold hits all-time high in Pakistan, yet again
April 26, 2023
Gold hits all-time high in Pakistan, yet again
Price of gold (24 carats) rises by Rs450 per tola. Gold reached previous high of Rs218,600 on 14th. Silver price…