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Category: Business

Large steel producers express concerns over non-opening of LCs
  • Business

Large steel producers express concerns over non-opening of LCs

PNP DeskJanuary 22, 2023September 9, 202404 mins

—File photo Large steel producers have expressed their reservations over the non-opening of LCs. According to the statement of the large steel producers, hundreds of industries are closed and 7.5 million people are at risk of unemployment. The release said that large steel producers have called for help to bring the steel sector out of…

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Financial crisis, preparation for mass layoffs at US banks
  • Business

Financial crisis, preparation for mass layoffs at US banks

PNP DeskJanuary 22, 2023September 9, 202402 mins

—File photo As the global financial crisis deepened, American banks began preparing for mass layoffs. Millions of layoffs are expected in the U.S. banking sector due to declining revenue and pressure from investment banks to cut costs, according to a foreign news agency. According to media reports, those banks will be affected where there has…

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1200 rupees increase in gold price in Pakistan
  • Business

1200 rupees increase in gold price in Pakistan

PNP DeskJanuary 21, 2023September 9, 202401 mins

The price of gold per ounce decreased by 2 dollars in the international market while the price of gold per tola in Pakistan increased by 1200 rupees. The price of gold per ounce decreased by 2 dollars in the international bullion market, and in the international market The price of gold per ounce rose to…

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On the last day of the week, the price of gold per tola increased by Rs 1200
  • Business

On the last day of the week, the price of gold per tola increased by Rs 1200

PNP DeskJanuary 21, 2023September 9, 202402 mins

symbolic: file The price of gold per tola in the country has increased by Rs 1200 today. According to All Pakistan Gems and Jewelers Association, after this increase, the price of gold per tola in the country has become Rs 1 lakh 87 thousand 200. Similarly, the price of 10 grams of gold has increased…

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The rate of inflation in the country reached 32 percent, increasing the prices of various essential items
  • Business

The rate of inflation in the country reached 32 percent, increasing the prices of various essential items

PNP DeskJanuary 21, 2023September 9, 202401 mins

According to the Institute of Statistics, the rate of inflation in the country has reached 32% this week. According to the Bureau of Statistics, the prices of 23 essential items have increased during the recent week. In the weekly report, the statistics agency said that onion became expensive by Rs 8 per kg, ghee by…

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Announcement of increase in price of bread and bread in Lahore
  • Business

Announcement of increase in price of bread and bread in Lahore

PNP DeskJanuary 21, 2023September 9, 202402 mins

File photo An increase in the price of bread and bread has been announced in Lahore from yesterday. Waheed Abbasi, senior vice president of United Non-Roti Association, has said that roti will be sold at Rs 16 and naan at Rs 30. Waheed Abbasi has said that an 80 kg bag of fine flour is…

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The IMF delegation will visit Pakistan at the end of January
  • Business

The IMF delegation will visit Pakistan at the end of January

PNP DeskJanuary 20, 2023September 9, 202402 mins

The delegation of the International Monetary Fund (IMF) will visit Pakistan at the end of January. According to the sources of the Ministry of Finance, the IMF will inform the schedule of its delegation’s visit to Pakistan early next week. During the visit, he will meet officials of various departments. Sources say that the IMF…

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Government Naya Pakistan Certificate Rate of Interest Change
  • Business

Government Naya Pakistan Certificate Rate of Interest Change

PNP DeskJanuary 20, 2023September 9, 202403 mins

The government has issued a notification to change the interest rate of Naya Pakistan Certificate. According to the notification, the rate of return on investment in Naya Pakistan certificate has been changed, the minimum investment in the certificate will be 1 thousand US dollars. According to the announcement, investment in Naya Pakistan certificate can be…

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Banks' refusal to open petrol import LCs
  • Business

Banks’ refusal to open petrol import LCs

PNP DeskJanuary 20, 2023September 9, 202402 mins

Banks have refused to open petrol import LCs of oil companies. Industry sources revealed that banks have refused to open petrol import LCs of oil companies. According to industry sources, petrol is coming from 2 ships, after that there will be no petrol import. According to sources, if LCs are not opened by banks, there…

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700 rupees increase in the price of one tola of gold
  • Business

700 rupees increase in the price of one tola of gold

PNP DeskJanuary 20, 2023September 9, 202402 mins

The price of gold has increased by Rs 700 per tola in the country today. According to All Pakistan Sarafa Gems and Jewelers Association, after the increase of Rs 700, the price of gold per tola in the country is Rs 1 lakh 86 thousand. Similarly, the price of 10 grams of gold is 1…

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About PNP

Press Network of Pakistan (PNP), registered with the Government of Pakistan since January 2011, is an Islamabad-based global newswire service that takes pride about its unbiased news reporting both in English and Urdu languages.

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