SECP’s certificate mandatory for Shariah business

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) Friday announced enforcement of the Shariah Governance Regulations 2018, in order to make full compliance in line with the spirit of the Article 38 (f)...

OGRA suggests Rs9 hike in petrol prices

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has recommended to the government to increase petrol prices by Rs9 per litre. In a summery sent to Ministry of Petroleum, the OGRA recommended an increase of...
Government decides not to put Asia Bibi on ECL for now

Govt taking measures to provide investment opportunities for overseas Pakistanis

DOHA: Minister of State for Interior Shehryar Khan Afridi on Monday said the government was taking measures to facilitate and encourage overseas Pakistanis to invest in the country. Afridi said this while talking to overseas...
Dollar rate surges by 45 paisa in interbank market

Dollar rate surges by 45 paisa in interbank market

KARACHI: Dollar rate in interbank market on Monday increased by 45 paisa after what the dollar value reached Rs132.90. According to details, dollar is fluctuating between Rs130 and Rs132.90 in open market. On the other hand,...

Oil prices drop as focus shifts to oversupply

TOKYO: Oil prices fell on Friday and were heading for a third weekly loss, pulled down as Saudi Arabia’s OPEC governor said the market may become oversupplied soon and after a slump in global...
Asad Umar

Govt increases power tariff by RS1.27 per unit for domestic users

ISLAMABAD: The government has decided to increase the power tariff for domestic consumers by Rs1.27 per unit. Addressing a joint press conference along with minister for energy Umar Ayub regarding Economic Coordination Committee (ECC) meeting...
Dollar rate surges by 45 paisa in interbank market

US Dollar slipped down by Rs1.92 in Interbank market

KARACHI: The US dollar showed downward trend by Rs1.92 against Pakistani rupee in interbank market on Wednesday. Due to decline in US dollar rate, it is being traded at Rs132, the buying price is Rs131,...
Rupee devaluation to have positive consequences on economy

Rupee devaluation to have positive consequences on economy

ISLAMABAD: The Senate Standing Committee on Finance, Revenue, and Economic Affairs was informed on Tuesday that devaluation of Pak rupee would help boost the country's foreign exchange reserves with the increase in exports and...
President calls for promotion of export-based industry

President calls for promotion of export-based industry

ISLAMABAD: President Dr. Arif Alvi on Tuesday has called upon private sector to come forward to play their role in promotion of export based industry to strengthen national economy. He was talking to a delegation...
Asad Umar

Pakistan seeks loan from IMF for last time: Asad Umar

KARACHI: Finance Minister Asad Umar has said that hopefully, this will be Pakistan’s last IMF programme of seeking bailout package to drive the country out of economic crisis. Speaking to brokers and the media at...

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