The shortage of petrol added to the misery of citizens across the country, including the residents of the financial hub of the country, Karachi. According to reports, petrol pumps spread over the country have been facing a shortage of fuel supply, adding to the difficulties of the public as well as transporters. It was learnt مزید پڑھیں

The dollar continued its upward journey against the local currency, raising the uncertainty for the exchange rate and importers. On Tuesday, the dollar was traded as high as Rs166 in the interbank market but fell back to close at Rs164.89 with a gain of 81 paisas. Currency dealers said the pressure on the exchange rate مزید پڑھیں

Taking action on the shortage of petroleum products in the country, the Oil and Gas Regulatory Authority (OGRA) has served show-cause notice to three companies on Wednesday. According to the OGRA spokesperson, Shell, Attock and Total Parco have been asked to present their explanation over the shortage within 24 hours. It is pertinent to mention مزید پڑھیں

The government has reduced the price of petrol by Rs7.06 per litre for the month of June, with new price fixed at Rs74.52, according to a statement issued by the Ministry of Finance on Sunday. According to the statement, the price of kerosene has been reduced by Rs11.88 per litre and will now be Rs35.56 مزید پڑھیں

Scores of German business executives were due to return to China on Friday evening, beneficiaries of an accelerated entry procedure offered by Beijing as both countries seek to reignite their economies after months of lockdown. Under a deal brokered by the German Chamber of Commerce in China, staff from hundreds of German companies with units مزید پڑھیں

The United States (US) dollar registered an increase of Rs1.12 in its value against the Pakistani rupee in the interbank market on Friday. According to forex dealers, the greenback ended 163.10 against the local unit in the interbank market. The US dollar had finished at 161.98 against the rupee the other day. On May 28, مزید پڑھیں

The government is likely to pass on further benefit of reduction in the prices of petroleum products to consumers during the month of June,News reported. The Oil & Gas Regulatory Authority (Ogra) has sent a summary to the Ministry of Finance for revision in oil prices. It recommended up to Rs7 per litre drop in مزید پڑھیں

The United States (US) dollar registered an increase of Rs1.32 in its value and touched 163.30 against the Pakistani rupee at the start of day’s trading. According to forex dealers, the greenback is trading at 163.30 against the local unit in the interbank market. The US dollar had finished at 161.98 against the rupee the مزید پڑھیں

Adviser to Prime Minister on Commerce and Investment Abdul Razak Dawood revealed on Thursday he has received information that some exporters have obtained large orders for face masks from the international market. “I have received information that some exporters have obtained large orders for face masks from US, Canada and Europe. This is a major مزید پڑھیں

As the coronavirus lockdown took the toll on the country’s business community, traders lamented that 70% of the expected Eid sales were lost even though the government eased lockdown restrictions in the last few days of the holidays. Various traders estimated that the Eid season spending — which usually begins from the mid of Ramadan مزید پڑھیں