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IMF Board approval in Sept, says Aurangzeb
ISLAMABAD: Finance Minister Muhammad Aurangzeb said that government is making progress with International Monetary Fund (IMF) and expects to secure approval from its Executive Board on $ 7 billion Extended Fund Facility (EFF) next month. "We are maki...
CM Maryam launches new interest-free housing scheme
LAHORE: Punjab Chief Minister Maryam Nawaz launched provincial government's Apna Chhat Apna Ghar (our roof, our house) housing scheme. There's no place like home," CM Maryam said. "Those who have their own home, their own roof, they don't understand...
Solar projects see record-low tariff bids
KARACHI: In a landmark development, K-Electric's (KE) 150-megawatt solar energy projects in Balochistan have achieved the country's lowest-ever tariff bid, setting a new industry benchmark and marking a pivotal shift in the renewable energy sector....
Pakistan's electricity costs among the highest in the region: Awais Laghari
ISLAMABAD: During the Youth Convention in Islamabad, Federal Energy Minister Awais Ahmad Leghari candidly addressed the pressing issue of high electricity production costs in Pakistan. He acknowledged that the country's electricity generation is amo...
PKR strengthens against US dollar
KARACHI: Pakistani rupee on Tuesday appreciated by 10 paisa against the US dollar in the interbank trading and closed at Rs 278.34 against the previous day’s closing of Rs 278.44. However, according to the Forex Association of Pakistan (FAP), t...
Gold price dips
Karachi: Gold lost value in line with international market. In local market, gold price per tola decreased by Rs 200 to Rs 260,000 per tola, according to rates shared by All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). Ten gram gold was...
Rupee registers minor gain against dollar
Karachi: Rupee registered minor improvement, appreciating 0.05 percent or 0.10 paisa to close at 278.44 against dollar in interbank market. In interbank market rates for dollar for bid were to Rs 278.44 and for offer they were to Rs 278.64. In open...
KSE-100 sheds 215pts ob selling pressure
Karachi: KSE-100 fell below 78,000-point mark on Monday as positive start to trading session made way for selling pressure that even dragged index close to 77,500 level. At close, benchmark index settled at 77,830.34, lower by 214.96 points or 0.28 p...
IMF Executive Board meeting agenda issued, Pakistan not included
Karachi: Final approval of Pakistan’s much-anticipated $ 7 billion bailout package from the Monetary Fund (IMF) remains uncertain, as IMF Executive Board’s schedule until August 28 has been released. Notably, Pakistan’s name has ye...
Gold rates in Pakistan today
KARACHI: After hitting all-time highs in the previous session, gold prices on Monday decreased in Pakistan in line with international market. In the local market, gold price per tola decreased Rs200 to Rs260,000, according to rates shared by the All-...
