The IMF’s acceptance of every condition has created the possibility that the value of the dollar will now fall to a lower level instead of rising further (Photo: File). Karachi: The dollar remained on the back foot on Monday on expectations of a possible revival of the loan program and financial support from friendly countries…
Photo: File Pakistan Stock Exchange (PSX) had a positive day of business. 100 index crossed the level of 41 thousand points. According to the closing note of Arif Habib Securities, the market was buoyant on the news of the government’s gas sector circular due settlement. The PSX benchmark 100 index rose 722 points to close…
Iconic photo The price of gold per tola has decreased by Rs 200 in the country today. According to All Pakistan Gems and Jewelers Association, after this decrease, the price of gold per tola in the country is 2 lakh 4 thousand 300 rupees. Similarly, 10 grams of gold is Rs 172 reduced to Rs…
The leading British journal Financial Times sounded the alarm on the difficulties faced by the Pakistani economy. The editorial board of the British journal Financial Times reviewed Pakistan’s default and future developments. According to the report, Pakistan is on the brink of collapse, with the nuclear power and its creditors taking drastic measures to avoid…
Iconic photo In the interbank exchange market, the dollar has become 275 rupees 30 paise. In the open market, the price of the dollar remains at 283 rupees. The continuous increase in the value of the US dollar has broken the back of the Pakistani rupee. The dollar has become more expensive today by one…
Signing of double taxation avoidance agreement between Pakistan and Afghanistan According to the FBR announcement, the third round of talks was held between the delegations of Pakistan and Afghanistan in the FBR. In the talks, the consensus draft of Pakistan and Afghanistan was agreed. setTimeout(function(){ !function(f,b,e,v,n,t,s) {if(f.fbq)return;n=f.fbq=function(){n.callMethod? n.callMethod.apply(n,arguments):n.queue.push(arguments)}; if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version=’2.0′; n.queue=[];t=b.createElement(e);t.async=!0; t.src=v;s=b.getElementsByTagName(e)[0]; s.parentNode.insertBefore(t,s)}(window,document,’script’, ‘https://connect.facebook.net/en_US/fbevents.js’); fbq(‘init’, ‘836181349842357’);…
Photo: Railway Department Lahore: Federal Minister of Railways Khawaja Saad Rafiq has said that the entire ticketing system of the Railways will be moved to Kontakt app, which will increase the profit by 5 to 7 percent. Addressing the ceremony of introducing the automatic booking and travel assistant app “Rabatta”, Federal Minister for Railways Khawaja…
Urea sales up 3% in January, DAP sales down 13% Photo: File Islamabad: In the first six months of the current financial year, imports of fully manufactured cars recorded a decline of 66 percent on an annualized basis. According to the Pakistan Bureau of Statistics, 108.453 million dollars of foreign exchange was spent on car…
In the official rate list, rice, pulses, besan are expensive from 25 to 75 rupees. Photo: File Lahore: The increase in the prices of food items is continuing while the price of first and second grade oil in the open market recorded an increase from 71 to 102 rupees respectively during one month. Different prices…
Stopping imports will do more harm than good, and may lead to a big drop in production. Photo: Social Media Karachi: Pakistan can get out of economic crisis with the help of BPO. The Pakistani rupee’s biggest drop against the dollar on Wednesday, January 25, brought back memories of the British pound sterling crisis on…
