1320MWs Thar coal Block-1 power plant successfully commenced
The commercial operations of the 1320 megawatt Thar Coal Block-1 power plants, which were built and sponsored by Shanghai Electric,...
Govt to impose FED on business tickets of international airlines
The federal government is likely to impose Federal Excise Duty (FED) on the business class tickets of international airlines. According...
Pakistani rupee gains 5.58 against the US dollar in the interbank market
The Pakistani rupee gained 5.58 percent against the US dollar on Monday in the interbank market. Since the Exchange Companies...
Deadlock persists between govt, IMF over Rs 900billion fiscal gap
The International Monetary Fund (IMF) has calculated a greater fiscal imbalance of around Rs900 billion, equivalent to 1% of the...
Weekly inflation surges to 14-week high amid hike in petrol price
According to data issued by the Pakistan Bureau of Statistics, the weekly inflation, as assessed by the Sensitive Price Indicator...
The rupee closes at a record low of Rs 276.58 per dollar in the interbank market
According to the State Bank of Pakistan, the rupee lost value once further on Friday, reaching a record low of...
Rupee hits record low against US dollar at 276
The rupee on Friday once again depreciated against the US dollar amid reports that the International Monetary Fund (IMF) has...
Pakistan’s textile sector exports witnessed a significant decline of 12.4%
According to preliminary data released by the All Pakistan Textile Mills Association (APTMA) on Thursday, Pakistan's textile sector exports experienced...
Dollar hits historic high of Rs272 as local currency recedes gains
After gaining for two hours straight, the rupee fell to a record low versus the dollar on Thursday in the...
PM Shehbaz Sharif Calls for Implementing Nationwide Solarization
According to prime minister, Shehbaz Sharif, the nationwide solarization initiative will prevent spending vital foreign currency on imported fuel. He...