The State Bank of Pakistan stated that the government paid $27.6 million in external debt, resulting in a $27.60 million reduction in foreign exchange reserves to $11.44 billion and 87 million dollars. According to the central bank’s weekly Foreign Exchange Reserves report, commercial bank deposits hit 4.74 billion dollars, aRead More →
GWADAR: The Gwadar International Airport became operational today (Monday), with the first flight from Pakistan International Airlines (PIA) landing on the runway to inaugurate the newly built facility. The PIA aircraft PK-503, from Karachi, arrived at 11:14 a.m. and began operations at New Gwadar International Airport. When the first flightRead More →
WASHINGTON DC: Bitcoin has now reached a new all-time high, surpassing $108,000 for the second time in history, according to Coin Gecko statistics. Its current price is $107,847. This milestone was attained on the day of Donald Trump’s inauguration, during which time the crypto space was quite busy in preparationRead More →
ISLAMABAD: In a media interview, the CEO of co-owner Barrick Gold stated that the Reko Diq copper and gold mine in Pakistan is estimated to generate around $74 billion in free cash flow over the next 37 years, based on consensus long-term prices. Barrick Gold controls 50% of the RekoRead More →
ISLAMABAD: On Thursday, the Federal Board of Revenue (FBR) approved the entrance of Azerbaijani registered cars conveying transit and bilateral commerce cargo into Pakistan. The FBR issued SRO.25(I)/2025 on Thursday to notify the Azerbaijan-Pakistan Transit Trade Rules 2024 under the Azerbaijan-Pakistan Transit Trade Agreement, 2024, for the processing of transitRead More →
ISLAMABAD: The Pakistan Telecommunication Authority (PTA) and the Ministry of Commerce (MoC) inked a historic Memorandum of Understanding (MoU) at PTA Headquarters to promote partnership in promoting Pakistan’s digital ecosystem and facilitating commerce via technical innovation. The MoU defines major areas of collaboration, such as e-commerce, cybersecurity, and cloud computing,Read More →
ISLAMABAD: More than 3,522 tax-related issues totaling Rs. 4.7 trillion remain unresolved in courts and tribunals across the nation. This was disclosed at a review meeting convened by Prime Minister Shahbaz Sharif in Islamabad today. The Prime Minister instructed that these instances be resolved as soon as possible. He authorizedRead More →
Pakistan International Airlines (PIA) has got a positive reaction from the public for its Paris route, which is scheduled to depart on January 10, 2025 after a four-year hiatus, since all economy tickets have been sold out in advance. According to a spokeswoman for the national carrier, all economy classRead More →
Aurangzeb says ministries would be merged to minimize government size; the Ministry of Capital Administration and Development Division will be disbanded. Federal Minister for Finance Muhammad Aurangzeb stated on Tuesday that in order to minimize its expenses and enhance its performance, the government had done away with 150,000 vacancies inRead More →
The Pakistan Refinery Limited (PRL) Board of Directors (BoD) has authorized borrowing a Rs3.15 billion loan for refinery upgrades, according to Pasar on Wednesday. The upgrade plan includes the completion of the refinery’s façade and engineering designs. Pakistan Refinery Limited has already submitted a letter to the administration of theRead More →