Amazon on Tuesday announced deals for scores of launches to deploy a “constellation” of satellites in low orbit around the Earth to provide internet service to people below. Amazon said that its contracts with Arianespace, Blue Origin and United Launch Alliance (ULA) are the largest commercial procurement of launch vehicles in history. The overall cost مزید پڑھیں

Equities sank Wednesday after Wall Street tumbled on bets the Federal Reserve will act more aggressively to bring inflation under control, while oil prices extended losses after the European Union refrained from imposing sanctions on Russian crude. While the Ukraine war continues to cast a shadow across trading floors, Fed monetary policy is at the مزید پڑھیں

Amid the ongoing constitutional crisis in the country, the dissolution of the National Assembly, and the announcement of early elections, the International Monetary Fund (IMF) Monday assured Pakistan that it would continue its support to the country “once the new government is formed.” “There is no concept of suspension within the IMF programme,” the Fund مزید پڑھیں

The price of 24 karat per tola gold witnessed a decrease of Rs 150 and was sold at Rs 131,300 on Saturday against its sale at Rs 131,450 in the local market the previous day. The price of 10 gram 24 karat gold also decreased by Rs129 to Rs 112,568 from Rs112,697 whereas that of مزید پڑھیں

Federal Minister for Finance and Revenue, Shaukat Tarin on Friday applauded the nation on the Federal board of Revenue (FBR) surpassing its nine months target by over Rs.240 billion in annual revenue target. Shaukat Tarin applauded the FBR for surpassing its 9 months target by over Rs.240 billion posting an ever highest growth of 30 مزید پڑھیں

The government has decided to keep the price of petroleum products unchanged till April 15, a statement from the Finance Division said Thursday. The Finance Division, in the statement, said the decision was taken in line with Prime Minister Imran Khan’s announcement in the fortnightly review on February 28. “Subsequently, the government will bear the مزید پڑھیں

The inflation rate picked up pace and jumped to 12.7% in March amid a significant rise in prices of perishable food items both in urban and rural areas. The Pakistan Bureau of Statistics (PBS) reported on Friday that the Consumer Price Index (CPI) rose to 12.7% in March over the same month a year ago. مزید پڑھیں

Pakistani rupee continued to struggle against the US dollar in the interbank market amid ongoing political uncertainty. According to forex dealers, the US dollar continued gaining against the rupee and peaked to its historic high level of Rs184.02 in early trading. The rupee depreciated by 54 paisas against the dollar in interbank market during early مزید پڑھیں

Oil prices tumbled Thursday on reports that the United States is considering tapping its reserves to combat a supply crisis sparked by the Ukraine war. However, equities struggled to build on the week’s rally after Russia poured cold water on hopes that ceasefire talks were progressing, leaving the prospect of a protracted war in eastern مزید پڑھیں

Under the State Bank of Pakistan’s (SBP) ‘Shared KYC (Know Your Customer) Project’ resident investors can open accounts in the capital market using their bank’s portal or app, central bank governor Dr Reza Baqir said on Tuesday, adding that the move will pave the way for wider outreach of the equity market. During a visit مزید پڑھیں