Pakistani rupee strengthens against US dollar
KARACHI: The exchange rate of Pakistani rupee strengthened by Rs0.08 against US dollar in the interbank market. According to forex dealers, the Pakistani rupee appreciated by 08 paise against the greenback. The greenback is trading at...
State Bank of Pakistan receives $1.3bn from Chinese banks
KARACHI: The State Bank of Pakistan (SBP) has received $1.3 billion as loan disbursements from Chinese banks this week, the central bank announced in a post on Tuesday. “SBP has received $1.3 billion as GOP...
Govt hikes petrol price from Rs74.52 to Rs100.10 per litre with immediate effect
ISLAMABAD: The federal government on Friday decided to increase the prices of petroleum products with immediate effect in view of the rising oil prices trend in global market. According to a notification issued by the...
IMF forecasts Pakistan’s economic growth to 1 percent for FY21
ISLAMABAD: International Monetary Fund (IMF) on Wednesday sounded the alarm for Pakistan, saying that contrary to government claims, Pakistan's economic growth will be one percent next year. The IMF said in its World Economic Outlook...
Gold price soars to Rs 105,100 per tola in Pakistan
ISLAMABAD: The price of 24 karat gold increased by Rs2000 on Wednesday and was traded at Rs105,100, against Rs103,100 on last trading day, Karachi Sarafa Association reported. Likewise, the price of 10 gram gold also...
Pakistan receives $500 million each from World Bank, ADB
KARACHI: The State Bank of Pakistan (SBP) said on Wednesday it has received one billion dollars – 500 million dollars each from the World Bank and the Asian Development Bank. The ADB approved a $500...
Pakistan’s current account turns surplus of $13mn: SBP
ISLAMABAD: Pakistan's current account has turned into a surplus of $13 million on May 20 against a deficit of $530 million in April 20 and $1,004 million in May 19, stated the State Bank...
Gas companies seek Rs85-623 per mmbtu increase in gas tariff
ISLAMABAD: The gas companies have submitted a petition in Oil and Gas Regularity (OGRA) to increase gas tariff by Rs85-623 per mmbtu to be effective from July 01. The Sui Northern Gas Pipelines Limited (SNGPL)...
Pak-Afghan border terminal at Ghulam Khan crossing opened for trade
PESHAWAR: Pakistan has allowed transit trade and import from Afghanistan from Chaman and Torkham border terminals besides opening of Ghulam Khan terminal for bilateral trade from Monday. According to the Foreign Office statement, keeping in...
Pakistan signs agreements worth $1,500 million with WB, ADB, AIDB
ISLAMABAD: Pakistan signed financial agreements worth $1,500 million with three international financial institutions on Friday. Prime Minister Imran Khan witnessed the signing ceremony with three international financial institutions, the World Bank, Asian Development Bank and...