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Category: Economy

Passenger plane crashed at Mumbai airport;  Fear of casualties
  • Business

Passenger plane crashed at Mumbai airport; Fear of casualties

PNP DeskSeptember 14, 2023September 16, 202403 mins

Passenger plane crash at India’s Mumbai airport; Fear of casualties, Photo: Indian media New Delhi: A passenger plane skidded off the runway while landing at the Mumbai airport in India and suffered an accident. According to Indian media, there were 5 passengers and 3 crew members in the business private plane of Canadian Airlines, owned…

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Formation of task force for crackdown against gold mafia
  • Business

Formation of task force for crackdown against gold mafia

PNP DeskSeptember 14, 2023September 16, 202403 mins

Sources say that work has been started to bring gold dealers into the tax net. A task force consisting of law enforcement agencies and intelligence agencies was formed to crack down on gold mafia. According to sources, the purpose of the task force is to arrest gold smugglers and mafia and take legal action. Sources…

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Mixed investment trend in PSX
  • Business

Mixed investment trend in PSX

PNP DeskSeptember 14, 2023September 16, 202402 mins

Investments in the Pakistan Stock Exchange (PSX) were mixed ahead of the interest rate decision. The PSX Benchmark 100 index rose 59 points to close at 45,650 points, with the index remaining in a band of 195 points during the trading day. 13.81 million shares worth 2.77 billion rupees were traded in the stock market…

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State Bank's decision to maintain the interest rate at 22 percent
  • Business

State Bank’s decision to maintain the interest rate at 22 percent

PNP DeskSeptember 14, 2023September 16, 202404 mins

Karachi: The State Bank has decided to maintain the interest rate at 22 percent while issuing the monetary policy. Inflation fell from the highest level of 38 percent in May to 27.4 percent in August. The news has been given. According to Express News, the State Bank has issued a new monetary policy in which…

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Domestic imports increase on annual basis in August
  • Business

Domestic imports increase on annual basis in August

PNP DeskSeptember 14, 2023September 16, 202403 mins

Imports from Saudi Arabia rose 5 percent last month to $437 million. Year-on-year imports from several countries have been recorded in August this year. According to the sources of the Ministry of Commerce, imports from Nigeria increased by 14,377% in August, while the volume of imports from Nigeria last month was 43.9 million dollars. According…

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State Bank announced to maintain interest rate at 22%
  • Business

State Bank announced to maintain interest rate at 22%

PNP DeskSeptember 14, 2023September 16, 202403 mins

In the monetary policy committee meeting of the State Bank of Pakistan (SBP), the interest rate has been maintained at 22 percent. Central bank inflation has fallen from a high of 38 percent in May this year and will continue to decline. According to the monetary policy statement, these factors remained for the committee’s attention…

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MQM and JUI agree to work together against PP in Sindh
  • Business

MQM and JUI agree to work together against PP in Sindh

PNP DeskSeptember 14, 2023September 16, 202405 mins

Photo: Screen grab Karachi: MQM-JUI delegation met in Karachi in which both parties agreed to work together against PPP. JUI Sindh General Secretary Rashid Mehmood Soomro arrived at the temporary headquarters of MQM Pakistan in Bahadurabad. After the meeting MQM and JUI leaders spoke to the media. The JUI delegation included Maulana Abdul Karim Abid,…

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Death toll from flooding in Libya could be 20,000;  Mayor Abdul Moneim Al-Ghaithi
  • Business

Death toll from flooding in Libya could be 20,000; Mayor Abdul Moneim Al-Ghaithi

PNP DeskSeptember 14, 2023September 16, 202403 mins

25% of the area was completely submerged due to the flood in Sharhar Darna, Libya, while others were destroyed, Photo: File Tripoli: The mayor of Darna, a city devastated by floods in Libya, Abdul Moneim al-Ghaithi, said that bodies are still being found during relief operations and according to our estimate, the number of casualties…

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Asia Cup;  Rain before Sri Lanka match, toss delayed
  • Business

Asia Cup; Rain before Sri Lanka match, toss delayed

PNP DeskSeptember 14, 2023September 16, 202402 mins

Both the teams will compete at the Colombo Cricket Stadium today (Photo: Twitter). The toss of the fifth match of the Asia Cup Super Four stage was delayed due to rain. It has rained before the toss of the scheduled Pakistan-Sri Lanka match in Colombo, which will delay the toss, the ground has been completely…

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Govt notices to DISCOs on petitions against additional taxes in electricity bills
  • Business

Govt notices to DISCOs on petitions against additional taxes in electricity bills

PNP DeskSeptember 14, 2023September 16, 202402 mins

13 types of taxes have been imposed in the electricity bills which is unfair to the people, the petitioner said The Peshawar High Court has issued notices to the federal government, discos and other parties on petitions filed against additional taxes in electricity bills. A hearing was held in the High Court on petitions filed…

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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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