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Finance Ministry rejects proposal to lower levy on petroleum by Rs10

Finance Ministry rejects proposal to lower levy on petroleum by Rs10

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ISLAMABAD: Finance Ministry on Wednesday rejected a recommendation by Petroleum Division to reduce levy on petroleum products by 10 rupees per liter. According to reports,...
LHC decides to form high-level commission to probe petroleum crisis

IHC moved against recent hike in prices of petroleum products

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ISLAMABAD: Mian Muhammad Aslam, who is a leader of the Jamaat-e-Islami, has challenged the Rs26 overnight increase in petrol prices in the Islamabad High...
Pakistani rupee strengthens against US dollar

Pakistani rupee strengthens against US dollar

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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...
Pakistan's current account turns surplus of $13mn: SBP

State Bank of Pakistan receives $1.3bn from Chinese banks

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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...
Finance Ministry rejects proposal to lower levy on petroleum by Rs10

Govt hikes petrol price from Rs74.52 to Rs100.10 per litre with...

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ISLAMABAD: The federal government on Friday decided to increase the prices of petroleum products with immediate effect in view of the rising oil prices...
IMF predicts Pakistan's economy to recover during financial year 2021

IMF forecasts Pakistan’s economic growth to 1 percent for FY21

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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...
Gold price increases Rs800 to Rs109,100 per tola

Gold price soars to Rs 105,100 per tola in Pakistan

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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...
Pakistan receives $500 million each from World Bank, ADB

Pakistan receives $500 million each from World Bank, ADB

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KARACHI: The State Bank of Pakistan (SBP) said on Wednesday it has received one billion dollars – 500 million dollars each from the World...
Pakistan's current account turns surplus of $13mn: SBP

Pakistan’s current account turns surplus of $13mn: SBP

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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...
Gas companies seek Rs85-623 per mmbtu increase in gas tariff

Gas companies seek Rs85-623 per mmbtu increase in gas tariff

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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...