Ministry of CAA set to probe corruption in appointments, projects
LAHORE: Ministry of Civil Aviation is all set to investigate officers involved in corruption in major projects of aviation. Probe in direct recruitment in Civil Aviation Authority (CAA) will also be undertaken. It has been revealed that merit is igno...
Rupee registers marginal decline against dollar
Rupee registered marginal decline, depreciating 0.03 percent against dollar in interbank market. At close, domestic unit settled at 278.64, loss of 0.09 paisa against greenback.In open marker, unit changed hands by increase of Rs 1 for selling and Rs...
Power price jacked up 14 times within 12 months
ISLAMABAD: Electricity price jacked up for 14 times in last 12 months, increasing major burden on Pakistani citizens. As per details, total of 14 adjustments made from July 2023 to August 2024, resulting in an additional cost of over Rs 455 bil...
Gold price declines further
KARACHI: Gold price continued to decline further, reflecting downward trend in international market. According to All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), price of gold per tola decreased by another Rs 500, bringing new rate to R...
Govt to cut returns to bring down power tariffs
ISLAMABAD: With growing unease over unaffordable energy tariffs, government is working on reducing return on equity (ROE) for its plants and offering improved prices to attract additional investments in hydrocarbon exploration and development.&...
KSE-100 gains 107pts on recovery in global markets
KARACHI: KSE-100 closed day with modest gain of 107 points, taking cue from recovery in global stock markets. KSE-100 started session with positive momentum that helped index reach an intra-day high of 77,746.56, followed by some profit-taking that t...
Country can't be run sans taxes: Aurangzeb
ISLAMABAD: Minister Muhammad Aurangzeb said that country couldn't be run through charity as taxes were necessary for smooth functioning of state matters. Speaking at ceremony here, he said that government would reach staff-level agreement with...
Pakistan Post suspends parcel service to US
LAHORE: Pakistan Post has stopped parcel bookings for United States for month, inflicting massive loss of hundreds of thousands of dollars to country, it emerged. Orders of ones who sent goods through e-commerce were also cancelled due to closure of...
Rupee sheds value against dollar
KARACHI: Rupee registered marginal decline against dollar, depreciating 0.05 percent in inter-bank market. At close, currency settled at 278.63, loss of 0.13 paisa, against greenback. In interbank market rates for dollar closed bid to Rs 278.63 and...
US firm presents FinMin proposal to streamline regulatory system
ISLAMABAD: Minister for Finance and Revenue Muhammad Aurangzeb held meeting with Scott Jacobs, Managing Director of Jacobs, Cordova and Associates to discuss regulatory reforms in Pakistan. As per statement released by Finance Division, meeting focus...
