On Tuesday, the interbank rate of the US dollar versus the Pakistani rupee fell by 29 paisa. On the second business day of the week, the rupee finished at Rs176.43, down from Rs176.72 the day before. In the previous three sessions, the local currency has gained 55 paisas against theRead More →
A business strategy was submitted to the Finance Ministry in order to make PIA feasible. On Tuesday, the Finance Ministry received a five-year business plan with the purpose of keeping Pakistan International Airlines (PIA) afloat in the future by avoiding losses. According to the idea, the number of aircraft shouldRead More →
On Tuesday, a five-year business plan was given to the Finance Ministry with the goal of making Pakistan International Airlines (PIA) viable in the future by avoiding losses. The proposal suggested focusing on increasing the number of aircraft from 29 to 49, including 16 large planes, 27 medium planes, andRead More →
The National Electric Power Regulatory Authority (NEPRA) is expected to raise energy prices by much to Rs3.12. The Central Power Purchasing Agency (CPPA) has made a request for a monthly fuel adjustment. The raise will impose an extra burden of 30 billion rupees on individuals who are already suffering. AsRead More →
From February 1, the federal government is set to raise the price of petroleum products by up to Rs 9 across the country. According to reports, there is a chance that the cost of petroleum goods would rise. Prime Minister Imran Khan will make the final pricing choice. The governmentRead More →
SAN FRANCISCO (AFP) – Microsoft exceeded market forecasts with a good quarterly performance in cloud computing and software on Tuesday, continuing to benefit from the pandemic’s online moving of work, play, shopping, and learning. The US internet behemoth, which revealed last week a bombshell agreement to acquire gaming behemoth ActivisionRead More →
Reuters reports that On Tuesday, oil prices rose, reclaiming some of the ground lost in the previous day’s severe losses, as investors worried about potential supply interruptions in the face of escalating geopolitical tensions in both Eastern Europe and the Middle East. Brent oil futures were up 48 cents, orRead More →
KARACHI: The State Bank of Pakistan’s (SBP) Monetary Policy Committee (MPC) will meet on Monday to decide on monetary policy, according to a statement. In a statement published Friday, the central bank stated that Governor SBP Dr Reza Baqir will inform the media following the MPC meeting. According to TheRead More →
ISLAMABAD, Pakistan – The Economic Coordination Committee of the Cabinet allowed the export of specified commodities to Afghanistan in Pakistani currency on Friday, citing the food crisis and the country’s current circumstances. The clearance came at an online meeting of the committee on Friday, which was virtually presided over byRead More →
ISLAMABAD, Pakistan – Earlier this month, the State Bank of Pakistan (SBP) announced the “Licensing and Regulatory Framework for Digital Banks.” SBP hosted an online event titled “Digital Banks – A New Era in Banking” to raise awareness of this significant regulatory breakthrough. The webinar’s primary goal was to raiseRead More →
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