Finance Minister Miftah Ismail on Sunday said that the government has no intention to increase the prices of petroleum products for now. Addressing a press conference, the finance minister said that Prime Minister Shehbaz Sharif has rejected the proposal to hike petroleum prices today, saying that the government could not put further burden on the مزید پڑھیں

As the Pakistani rupee continued its downward streak against the greenback, Finance Minister Miftah Ismail on Saturday vowed that the government would take all possible measures to stabilise the local unit and the foreign currency market. Presiding over a meeting of the heads of major exchange companies, Miftah Ismail expressed the firm resolve of the مزید پڑھیں

The federal government is mulling over a plan to cut subsidies on petroleum products in phases — Rs25 per litre on petrol and Rs40 per litre on high speed diesel (HSD) in the first one — in a bid to reduce the volume of the mounting price differential claims. The prices of petrol and high مزید پڑھیں

In line with the prevailing trend during the week, the gold price rose by Rs600 per tola (11.66 grams) in Pakistan on Saturday, settling at Rs136,000 — near its all-time high. According to the All Sindh Sarafa Jewellers Association (ASSJA), the price of gold per tola rose by Rs514 per 10 grams to settle at مزید پڑھیں

The Large Scale Manufacturing Industries (LSMI) production grew by 7 percent during the first three quarters of the current fiscal year (2021-22) as compared to the corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported Friday. The LSMI Quantum Index Number (QIM) was recorded at 161.2 points during July-March (2021-22) against 150.7 points مزید پڑھیں

The Pakistani rupee continued its nosedive against the US dollar on Friday, for the fifth consecutive working day, as it declined by 0.64% (Rs1.23) to a new historical low, reaching Rs193 against the greenback in the inter-bank market. The domestic currency had closed at Rs191.77 against the global currency a day earlier, according to the مزید پڑھیں

Gold has continued to make and break new records since the formation of the new government followed by the ongoing economic crisis. It hit a fresh all-time high of Rs136,000 per tola (11.66 grams) in Pakistan on Thursday, providing protection to investors from rupee depreciation. According to the All Sindh Sarafa Jewellers Association (ASSJA), the مزید پڑھیں

The Pakistani rupee on Thursday continued its downward slide against the US dollar as it dropped to an all-time low, surpassing 191 in the interbank market. With a fresh decline of Rs1.7 (or 0.91%), the local currency closed at Rs191.77 against the greenback in the interbank market, surpassing Wednesday’s record low of Rs188.66. The local مزید پڑھیں

Toyota says it will suspend operations at more production lines at its factories in Japan this month due to the coronavirus lockdown in Shanghai. The firm says the production halt will come into effect on Monday and stay in place until of end of next week. Read more: Pakistani Rupee drops at a record breaking level مزید پڑھیں

The Pakistani rupee reeled to an all-time low against the US dollar on Wednesday, breaching the critical threshold of 190 against the greenback in the interbank market. With a fresh decline of Rs1.36 (or 0.72%), the local currency closed at Rs190.02 against the greenback in the interbank market, surpassing Tuesday’s record low of Rs188.66. Recent مزید پڑھیں