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PM Imran Khan says ‘heavy injury’ inflicted on economic system resulting from smuggling

Prime Minister Imran Khan chairing a high-level assembly to evaluate anti-smuggling and anti-money-laundering measures on November 25, 2021. — Twitter/@PakPMO PM Imran Khan chairs high-level...

Shares at PSX finish barely up after unstable session

— AFP/FileBenchmark KSE-100 index rises practically 300 factors regardless of record-high inflation.Buyers cheer decrease worldwide commodity costs and yesterday’s clean MSCI associated trades.Shares of...

Rupee continues to get better in opposition to US greenback

— AFP/FilePakistani forex features 24 paisas in opposition to the buck, settling at Rs175.48.Foreign money sellers say that over the past two days, there...

Fixing the financial system puzzle

On this file picture, a Pakistani buyer checks pulses on the principal wholesale market in Karachi. Picture: AFPPakistan’s ruling elite have launched into a...

Govt to ban import of utterly constructed automobiles for six months: report

A whole lot of imported automobiles parked in queues someplace in Pakistan. Photograph: file Govt undertakes measure to quickly ban imported automobiles to deliver down...

New Twitter CEO Agrawal is youngest in S&P 5OO

Twitter's new CEO Parag Agrawal. — Twitter/@disclosetvTwitter confirms that Agrawal was born later in 1984 as in comparison with Zuckerberg, who was born on...

Gold retreats in Pakistan as rupee good points higher hand

— Reuters/FileThe yellow metallic shed Rs1,200 per tola to settle at Rs122,600.Cumulatively, gold has gained Rs5,300 or 4.5% per tola in the course of...

UK watchdog orders Fb proprietor Meta to promote Giphy

A 3D printed Fb's new rebrand brand Meta and Fb brand are seen on this illustration taken on November 2, 2021. — Reuters/FileCompetitors and...

Samsung to provide new superior auto chip to Volkswagen

The brand of Samsung Digital is seen at its headquarters in Seoul, South Korea, April 4, 2016. — Reuters/FileSamsung Electronics reveals new auto chips...

OGRA slashes value of home LPG cylinders by Rs168.91

— Reuters/FileOGRA reduces the value of home cylinder (11.8 kg) by Rs168.91 to Rs2,390.44.The worth of home cylinder (11.8 kg) was Rs2,559.35 in...

Petrol value to stay unchanged at Rs145.82

The costs of kerosene oil and light-weight diesel will keep at Rs116.53 and Rs114.07 per litre, respectively. — AFP/FileISLAMABAD: The federal government of Pakistan...

FBR registers ‘historic income assortment development’ of 36.5% from July-Nov

Man holding stacks of hundred-rupee notes — Reuters/FileFBR has collected web income of Rs2,314 bn throughout Jul-Nov.The web assortment in Nov realised Rs470bn (Rs62bn...

Inflation in double digits once more after 5 months, skyrockets to 11.5% in November

A shopkeeper makes use of a calculator whereas promoting spices and grocery objects alongside a store in Karachi, Pakistan June 11, 2021. — Reutrers/FileOn...

Pakistani startup Befiler secures grant to advertise tax compliance

Befiler emblem. — TwitterThe platform goals to advertise tax compliance in Pakistan, particularly encouraging girls’s participation in monetary issues.Befiler secures a grant for a digital...

KSE-100 reverses pattern, sheds over 250 factors

— AFP/FileInvestor temper remained sombre forward of Morgan Stanley Capital Worldwide’s (MSCI) reclassification tomorrow.Institutional buyers collected shares throughout the board through the session.Cumulatively, the...

Rupee appreciates round 0.27% in opposition to US greenback

— AFP/FileThe native foreign money gained 48 paisas in opposition to the buck, settling at Rs175.72 within the interbank market.Rupee has depreciated by 11.53%...

Saudi Arabia, Pakistan signal settlement for $3bn deposit

— ReutersPer a joint assertion, the deposit quantity below the settlement shall grow to be a part of SBP’s international trade reserves.The deposit will...

‘Omicron’ the cryptocurrency rides new variant rollercoaster

Syringes with needles are seen in entrance of a displayed inventory graph and phrases "Omicron SARS-CoV-2" on this illustration taken, November 27, 2021. —...

Pakistani startup PostEx raises $8.6m in seed funding

—Reuters/FileThe Lahore-based startup completes nation’s largest early-stage funding to assist with its growth plans.2021 is a breakout 12 months for startups in Pakistan as...

SBP points clarification on its financial coverage stance

The State Financial institution of Pakistan constructing. — AFP/FileSBP reiterates that its financial coverage stance is geared in direction of “value stability."Central bank jacked...

Gold shines as rupee plunges to historic low

— Reuters/FileGold worth recorded a rise of Rs1,000 per tola within the native market to settle at Rs123,800."Buyers are purchasing cautiously after analysing the...

Cryptocurrencies brace for winter, digital Adidas and a bitcoin metropolis

— Reuters/FileBitcoin was down 0.5% on Monday.It has misplaced about 17% of its worth from a file $69,000 over the previous 19 days.Rival forex...

PSX: Benchmark index rallies over 1,200 factors on Saudi help package deal

— AFP/FileInvestor optimism about Saudi package deal was mirrored on the bourse as gamers took recent positions.The motion of benchmark KSE-100 index displayed a...

Gasoline provide to CNG stations in Sindh, Balochistan to stay suspended for greater than 2 months

CNG Station seen closed as a result of halting of fuel provide to CNG stations in Karachi on Saturday, June 26, 2021. — PPI/FileGasoline...

Rupee slumps to new historic low of 176.20

— AFP/FileWith a contemporary decline of 0.42%, the rupee has depreciated by 11.84% since July 1, 2021.Tahir Abbas says foreign money market remained risky...

Govt to announce mini-budget in keeping with IMF’s necessities

Pakistan is required to implement steps, meet situations put ahead by IMF earlier than January 12, 2022.Authorities has turned the Fourth Tax Legal guidelines...

China fascinated with strengthening funding cooperation with Pakistan in textile sector

A Pakistan textile labourer fixes damaged threads at an influence loom in Karachi, the monetary capital and the biggest industrial metropolis of Pakistan. Picture:...

PSX overview: KSE-100 dives 5%, data largest weekly decline since March 2020

— Reuters/FileThe sell-off at PSX continued for 4 successive periods in the course of the week as panic and chaos reigned.This was the most...

WhatsApp wins approval to double funds in India: supply

A person walks previous a hoarding of the WhatsApp software put in at a skywalk in Mumbai, India, August 26, 2021. — Reuters/FileWhatsApp has...

Xiaomi to construct electrical car plant in Beijing with annual output of 300,000 items

The Xiaomi brand is seen at a Xiaomi store in Shanghai, China Might 12, 2021. — Reuters/FileThe plant might be constructed in two phases...

Greenback upsurge towards rupee an indication of ‘financial devastation’: Shahbaz Sharif

PML-N President and Chief of the Opposition within the Nationwide Meeting Shahbaz Sharif. — AFP/FilePML-N chief predicts "doomsday-like" inflation will grip the nation beginning...

Gold worth plunges by Rs2,400 per tola in Pakistan

— Reuters/FileBullion costs within the native market lower by Rs2,400 per tola and Rs2,058 per 10 grams.Cumulatively, the valuable commodity misplaced round Rs1,000 in...

Bitcoin slumps as COVID variant shakes markets

— Reuters/FileBitcoin, the biggest digital foreign money, fell as a lot as 7.8% to $54,377, its lowest since October 12.Bitcoin hit an all-time excessive...

Oil plunges 10% on new coronavirus variant considerations

— Reuters/FileOil costs recorded the most important one-day drop since April 2020.Brent crude fell $8.77, or 10.7%, to $73.45 a barrel.The forecasts cloud the...

Weekly inflation decreases by 0.67% after seven-week hiatus

— Reuters/FileWeekly inflation in Pakistan, primarily based on SPI, for the week that ended on Nov 25, registered a slight lower of 0.67%.On a...

PSX snaps shedding streak as Tarin’s go to boosts traders’ confidence

— Reuters/FileBenchmark KSE-100 index rises 178.41 factors to shut at 44,114.16 factors.Buoyed by the current dip, share costs fall to engaging valuations and inspire...

Gold value in Pakistan surges in keeping with worldwide market

— Reuters/FileYellow steel features Rs1,200 to settle at Rs125,200 per tola and Rs1,029 to rise to Rs107,339 per 10 grams in native market.The worth...

Pakistan e-commerce platform Daraz goals to beef up as Amazon eyes market

— Reuters/FileDaraz goals to host as much as 300,000 small to medium enterprises in two years.Amazon introduced earlier this yr that it'll permit Pakistani...

Rupee closes simply shy of all-time low in opposition to the greenback

— AFP/FileThe rupee misplaced 48 paisas (0.27%) to shut at Rs175.46 in opposition to the buck within the inter-bank market.REER index fell additional to...

New period of financial cooperation: Pakistan, Russia to signal necessary agreements at present

A file picture of the flags of Pakistan and Russia.Pakistan and Russia to ink a number of accords to develop bilateral ties.Russia exhibits curiosity...

Ought to we actually panic about inflation?

— Reuters/FileInflation is complicating the restoration of particular person customers from pandemic and placing the restoration of worldwide economic system in danger.Within the eurozone,...

SBP international trade reserves drop to lowest degree since June 2021

— Reuters/FileInternational trade reserves held by the central financial institution fell 4.07% to $16,254.1 million on a weekly foundation.In the meantime, total reserves dropped...

HBL points clarification after prospects complain of ‘sudden lack of cash’ from accounts

— AFP/FileA number of complaints lodged by prospects from throughout Pakistan relating to the "sudden loss of thousands of rupees from their HBL accounts...

Ongoing reforms can pave means for ‘sovereign’s B-’ ranking: Fitch

— Reuters/File"Pakistan’s recent policy adjustments, access to external financing offset rising external risks from CAD," Fitch Rankings state.Says the current-account deficit in FY22 “is...

Petrol strike: Vitality ministry sends proposal for growing sellers’ revenue margins by 99 paisas

— Reuters/FileSpokesperson says a request for a rise of Rs0.99 has been made which can "offset all past losses incurred by the dealers".The sellers'...

Gold pulls again in Pakistan opposite to worldwide market

— Reuters/FileWorth of yellow steel drops by Rs100 to settle at Rs124,000 per tola within the home market.Within the worldwide market, the bullion...

KSE-100 falls beneath 44,000-mark forward of MSCI rebalancing

— Reuters/FileKSE-100 index fell over 400 factors as market individuals booked revenue to safeguard their investments.AHL states the rollover week continued to stay beneath...

Rupee strengthens in opposition to US greenback, closes at Rs174.98

— AFP/FileOptimistic progress forecast by the central financial institution boosts buyers sentiment.With a contemporary enhance of 0.03%, the native foreign money closed at Rs174.98.The...

Petrol strike: How a lot revenue do pumps make on petrol per litre?

Particulars of the earnings made by petrol pumps on petroleum merchandise have come to mild in a report by Geo Information.In line with sources,...

IEA urges OPEC to take ‘crucial steps’ to decrease oil costs

The IEA chief seeks to assist carry oil costs all the way down to cheap ranges. File photographThe IEA chief urges OPEC to carry...

Latest news

PM Imran Khan says ‘heavy injury’ inflicted on economic system resulting from smuggling

Prime Minister Imran Khan chairing a high-level assembly to evaluate anti-smuggling and anti-money-laundering measures on November 25, 2021. — Twitter/@PakPMO PM Imran Khan chairs high-level...

Afghan infants starve to dying as winter descends

This image taken on Nov 22, 2021 exhibits Edi Maa holding her child receiving remedy for malnutrition at a Medical doctors With out Borders...

Who’s Bilawal’s ‘coronary heart’?

"My heart," Bilawal captions an image with nephew Mir Hakim Mahmood Choudhary

Shares at PSX finish barely up after unstable session

— AFP/FileBenchmark KSE-100 index rises practically 300 factors regardless of record-high inflation.Buyers cheer decrease worldwide commodity costs and yesterday’s clean MSCI associated trades.Shares of...

Pakistan strongly condemns extra-judicial killings of two Kashmiris in Pulwama

Two Kashmiris killed within the so-called cordon-and-search-operation in Indian Occupied Kashmir (IIOJK) - AFPIndian forces kill two Kashmiris in so-called cordon-and-search-operation in India-occupied Jammu...