ISLAMABAD: As today marks the final round of talks between Pakistan and the International Monetary Fund (IMF) to finalize initial proposals, sources say the global lender is satisfied with Islamabad’s economic performance. Pakistan held productive discussions with the IMF, achieving most of the agreed economic targets. The country’s economic team briefed the IMF mission and […]
IMF demands end to EV and solar tax concessions Read More »
ISLAMABAD: Prime Minister Shehbaz Sharif-led coalition government has approved 28 billion-dollar strategic projects under the Special Investment Facilitation Council (SIFC). These projects aim to drive economic stability and attract foreign investment. As per details, Pakistan plans to invite 23 countries, including Saudi Arabia, UAE, Qatar, and Bahrain, to invest in these projects. Key projects under
Govt approves 28 mega projects under SIFC to attract foreign investment Read More »
The State Bank of Pakistan (SBP) announced that its foreign exchange reserves fell by 152 million in the week ending March 7, dropping to 11.1 billion. According to the central bank’s latest data, this marks the lowest level in five years. The decline was attributed to the repayment of foreign loans. Also read: SBP announces bank closures for
SBP-held foreign exchange reserves fall to 5-month low Read More »
Gold prices have continued to rise, marking another significant increase. The price of gold per tola has gone up by Rs 2,800, reaching a new high of Rs 3,09,300. Similarly, the price of 10 grams of gold has increased by Rs 2,400, now valued at Rs 2,65,174. In the global market, the price of gold
Gold prices soar Rs2,800 per tola Read More »
On Wednesday, the Pakistani rupee slightly dropped by 0.01% against the US dollar in the interbank market. The dollar ended at Rs 279.97, down by 0.02 rupees from Tuesday’s closing rate of Rs 279.95. Globally, the US dollar stayed near a five-month low against other major currencies due to ongoing worries about the US economy
Pakistani Rupee slightly dips against US dollar Read More »
Google has launched its digital payment app, Google Wallet, in Pakistan. This app allows users to make online, in-app, and contactless payments using their mobile devices. It also lets users store digital items like loyalty cards and boarding passes securely. Google Wallet uses NFC (Near Field Communication) technology for contactless payments. This means users can simply
Google Wallet launches in Pakistan Read More »
The gold prices in Pakistan have gone up by Rs 500, reaching Rs 366,500 per tola. This increase was reported by the All Pakistan Gems and Jewelers Association on Wednesday. Similarly, the price of 10 grams of 24-karat gold rose by Rs 429, now costing Rs 262,774. The price of 10 grams of 22-karat gold
Gold prices rise by Rs 500 per tola in Pakistan Read More »
Pakistan’s auto sector experienced a significant decline in February, with overall vehicle sales dropping by 29%. Total sales for the month fell to 12,000 units, down from 16,995 units in January 2025. Passenger vehicle sales saw a sharp decline, falling from 11,868 units to 8,869. Sales of vehicles with engines of 1,300 cc and above
Car and motorcycle sales plummet in Pakistan Read More »
Abbottabad: Illegal petrol sales are on the rise in the city and surrounding areas, posing a serious risk of accidents. Petrol is being sold openly in shops without any safety measures, endangering lives and property. Locals have raised concerns and are calling for immediate action to shut down these illegal operations. They warn that if
Illegal petrol sales raise alarm in Abbottabad Read More »
ISLAMABAD: Workers’ remittances to Pakistan totaled $24 billion during the first eight months of the fiscal year 2024-25. In February, monthly inflows rose to $3.12 billion. The State Bank of Pakistan reported that remittances increased by 32.5% from July to February FY25, compared to $18.1 billion in the same period of FY24. In February, remittances
Pakistan records 32.5% increase in remittances Read More »
