Dollar strengthens as Yen remains weak
The US Dollar (USD) held firm on Wednesday, recouping some of the losses stemming from renewed bets on Federal Reserve rate cuts this year, while the yen weakened for a third day, keeping investors wary of the risk of intervention from Tokyo. In Euro...
PM Shehbaz assures all-out support to Saudi investment
ISLAMABAD: Prime Minister Shehbaz Sharif assured government’s blanket support to Saudi investment, enabling investors and businessmen to accomplish their future projects in Pakistan expeditiously. Addressing dinner gathering hosted in honour of...
Rupee gains ground against Dollar in interbank trading
Pakistani Rupee on Tuesday gained 11 paisa against the US dollar in the interbank trading and closed at Rs 278.11 against the previous day’s closing of Rs 278.23. According to the Forex Association of Pakistan (FAP), the buying and selling rate...
Saudi govt, companies consider Pakistan high priority economic opportunity: Ibrahim Almubarak
ISLAMABAD: Saudi Deputy Investment Minister Ibrahim Almubarak has said Saudi government and companies consider Pakistan high priority economic, investment and business opportunity. He made remarks at two-day Pakistan-Saudi Arabia Investment Conferenc...
Pakistan shifts focus to business from aid: Musadik Malik
ISLAMABAD: Federal Minister for Petroleum Musadik Malik Monday urged the private sectors of both Pakistan and Saudi Arabia (SA) to collaborate towards economic diversification and value addition. Addressing a Two-Day Pakistan-Saudi Arabia Investment...
Gold prices see increase in Pakistan
KARACHI: Gold prices on Monday witnessed a rise in Pakistan as per tola price was up by Rs2,500 on Monday. According to the All Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of 24-krat gold was up by Rs2,500 to reach Rs245,000 in...
Pakistan Railways reports record revenue: Generates Rs66bln billion in nine months
ISLAMABAD: Pakistan Railways has achieved an unprecedented earning of Rs 66 billion in the first nine months of the current financial year 2023-24, despite facing a financial crisis due to floods in the monsoon season. “The department is expect...
PM Sharif dismisses food security secretary amid wheat scandal
ISLAMABAD: Prime Minister (PM) Shehbaz Sharif has suspended the secretary food security over a wheat import scandal. The premier sacked Secretary Food Security Muhammad Asif with immediate affected and appointed Muhammad Fakhar-e-Alam as the ne...
LPG price reduced by Rs20/kg
QUETTA: The prices of liquefied petroleum gas (LPG) have been slashed by Rs 20 per kilogram in Quetta. According to sources, the LPG rates are reduced by Rs 20 taking the price from Rs 280 to Rs 260 per kilogram. Its worth mentioning here that...
PM hails govt efforts as inflation plummets to 2-year low of 17.3pc
ISLAMABAD: Prime Minister Shehbaz Sharif hailed recent downturn in inflation as boon for populace, deeming it tangible sign of economic progress, as per statement released by Prime Minister’s Office. According to Pakistan Bureau of Statistics (...
