The Pakistani rupee appreciated by 23 paisa against the US dollar in the interbank market, according to the State Bank of Pakistan (SBP). The greenback finished at 166.35 against the local currency as compared to yesterday’s closing of 166.58. On July 9, the State Bank of Pakistan (SBP) said that its foreign exchange reserves rose مزید پڑھیں

Pakistan Customs saw duty collection fell 7.4% to Rs453 billion during the last fiscal year of 2019-20, as regulatory and administrative measures helped cut imports during the year. Three collectorates, namely Model Customs Collectorate (MCC) Appraisement (East), MCC Appraisement (West) and MCC Port Qasim collected Rs489.3 billion in the preceding fiscal year. Sources said falling مزید پڑھیں

The Pakistan Stock Exchange revised trading hours according to which the market would begin trading from 9:30am to 3:30pm from Mondays to Thursdays. There will be two sessions on Friday. The first session will begin from 9:15am to 12pm, whereas, after Juma prayers, the second session would resume at 2:30pm and would continue till 4:30 مزید پڑھیں

Special Assistant to Prime Minister (SAPM) on Information and Broadcasting General (retd) Asim Saleem Bajwa said on Friday Kohala and Azad Pattan power projects will generate 1,800 megawatts of cheaper electricity with 8,000 jobs. Taking to the microblogging site Twitter, Bajwa, who also heads the CPEC Authority, said Azad Jammu and Kashmir Prime Minister Farooq مزید پڑھیں

Banks in the country will remain open for business from 9am to 5:30pm, the State Bank of Pakistan announced on Thursday after it had issued revised timings due to the coronavirus outbreak in the country. The new timings will be effective from July 13, the central bank said in its circular. “Effective from July 13. مزید پڑھیں

The Lahore High Court Thursday directed the government to form a high-level commission to hold an inquiry into the fuel crisis that recently affected the country amid the coronavirus pandemic. The LHC bench, under Chief Justice Qasim Ali Khan, heard the case related to the recent fuel shortage and hoarding of petroleum products that led مزید پڑھیں

Dwindling harvests, drooping demand and export supply chains hit by the coronavirus are biting into Pakistan’s mango industry, with producers of the prized fruit battling to weather a disastrous season. Pakistan’s “mango belt” in Punjab and Sindh provinces, farmers say a long winter and changing rain patterns have slashed production by up to half this مزید پڑھیں

Gold prices hit an all-time high of Rs108,300 per tola in the domestic market on Wednesday. The per tola price of yellow metal rose by Rs 2,300 to Rs108,300 while the 10-gram gold rate increased by Rs 1972 to trade at Rs 92,849, according to All Pakistan Jewellers Association. The increase in domestic gold prices مزید پڑھیں

Investor caution over renewed coronavirus lockdowns snuffed out a five-day rally in most world equity markets on Tuesday and weighed on oil prices, though it was not enough to halt a hot streak in Chinese stocks. The dollar edged higher as risk currencies such as the Australian dollar took a breather from recent gains and مزید پڑھیں

Pak Suzuki Motor Company Limited (PSMCL) on Tuesday increased the price of Alto 660cc VX model by Rs63,000 to Rs1.198 million from July 7. The company, without mentioning any reason for the price hike in the letter sent to authorised dealers, said customers, who have already booked the model with full payment, would not be مزید پڑھیں