Tax, energy reforms-top priority: FinMin
ISLAMABAD: Minister for Finance and Revenue Senator Muhammad Aurangzeb said that government prioritised tax and energy reforms and over all structural reforms also in cards to achieve sustainable economic growth in county. He said that currently, cou...
Gold up by Rs300 per tola
KARACHI: Per tola price of 24 karat gold increased by Rs 300 and was sold at Rs 261,000 per tola on Wednesday compared to its sale at Rs 260,700 per tola on last trading day. Price of ten grams of 24 karat gold also increased by Rs 257 to Rs 223,765...
Pharma sector sales hit $3.3bn in FY24, 22pc higher year-on-year
KARACHI: Pharmaceutical industry achieved sales of Rs 916 billion (US 3.3 billion) in FY24, 22 percent year-on-year (YoY) increase in rupee terms and 7 perent YoY rise in dollar terms, stated brokerage house Topline Securities, citing data from IQVIA...
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...
Alarm by business leaders on economic crisis, call for immediate action
KARACHI: The FPCCI Businessmen Panel (BMP) has issued a strong call to action, demanding urgent review of IPP contracts, reduction in electricity and gas tariffs, lowering of interest rates, withdrawal of FBR notices to traders under Tajir Dost Schem...
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...
