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Half of PIA fleet grounded, EU flight resumption at risk
PIA faces major setbacks with 17 aircraft grounded due to spare parts shortage, leading to financial losses.
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Pakistan, Russia eye energy projects
Ink protocol for executing mega schemes, exploring oil and gas deposits
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Telecom sector looks for strategic proposals
Consultancy firm crafting framework for allocation of 5G spectrum
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Stocks rebound, soar to record above 110k
Index jumps 1,914 points amid rate cut hopes, robust local buying
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Business confidence rises 9%
BCI survey highlights cautious optimism despite persistent hurdles
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ADB raises Pakistan's growth forecast to 3%
Lowers inflation projection as industrial activity recovers; major macroeconomic targets yet to be achieved
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Gold jumps by Rs3,100; rupee weakens
Gold prices rise for third day to Rs280,500 per tola, driven by global trends and US inflation data.
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Pak-EU forum set up to enhance trade
FPCCI announces Pakistan-EU Forum to boost trade, investment, and economic ties with EU member states.
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Bank of Canada cuts key rate by 50 bps, signals slower future easing
Governor says possibility that new US govt might impose tariffs on Canadian exports represents “major new uncertainty”
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PSX fluctuates as KSE-100 Index holds steady above 110k
Boost also came as participants of the Islamic Capital Market Conference rang the gong to signal beginning of business
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Gold prices rise sharply, hitting Rs 280,500 per tola
The price of silver per tola rose by Rs 50, reaching Rs 3,450.
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Rs25,000 prize bond results for December draw announced
The Prize Bond Draw for Rs 40,000 (Draw 31) also held on Monday.
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ADB approves $200m loan to modernise Pakistan's power distribution sector
Key elements of the project include the installation of over 332,000 advanced metering infrastructures
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KE seeks NEPRA nod for Rs68b write-offs
Utility defends claims; stakeholders voice concerns over consumer impact, call for regulatory framework
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Vinicius in contention for Atalanta clash
He was expected to be out until the Intercontinental Cup final next week
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Govt announces further reduction in profit rates for National Savings schemes
Profit rate on savings accounts has decreased from 16% to 13.5%, marking a reduction of 250 basis points
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Punjab allocates Rs1.5b for kinnow orchards
Sahoo discloses plans to establish Centre of Excellence for research to revive yields
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Passenger car sales surge by 49.7%
Auto industry shows promise amid schemes, key rate reduction; EV market emerges as focal point
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PIA sale hurdles to be cleared soon
IMF agrees on waiving 18% sales tax, parking more liabilities in holding company
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Investors opt for profit-booking
Geopolitical fears, unimpressive remittances contribute to 1,074-point fall
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Sindh chief minister backs business-friendly policies
Promises support for industrialists, explores lowering Dhabeji land costs
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Global IT firms spread footprint in Pakistan
European software provider announces plans to introduce fintech solutions
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China may issue debt to counter US tariffs
Will switch to loose monetary policy stance, more proactive fiscal levers
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USC urged to ensure food items' availability
Industries secretary will take up subsidy restoration issue with PM
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Gold continues upward trend, reaches Rs277,400
Rupee depreciates marginally, settles at 278.05 to a dollar
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State Bank governor addresses key challenges in ending riba in Pakistan
Our vision is to fully eliminate riba by 2028, but we face three major challenges, says Jameel Ahmad
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Rs40,000 prize bond results for December draw announced
The Prize Bond Draw for Rs 40,000 (Draw 31) was held today at Muzaffarabad office of the National Savings Division
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PSX crosses 111,000 points for the first time in history
The market opened with a rally of 1,284 points, pushing the index to a peak of 111,254 points during intra-day trading
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US diplomat terms economic ties important
Says Washington is committed to increasing two-way trade, investment
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APTMA warns of industry collapse
Cites misuse of EFS; local manufacturers face closures, workers lose jobs
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Currency exchange rate: Saudi Riyal to PKR for December 10, 2024
The Saudi Riyal has slightly adjusted compared to the previous day's rates.
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PAF to buy PIA engineering unit for Rs6.5b
Will pay Rs2.5b in cash; formal summary being sent to cabinet for approval
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Govt pushes for social impact financing
FinMin highlights private sector leadership, digital accountability in financial solutions
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Oil climbs on regional uncertainty
Oil prices rise nearly 2% due to Syrian instability and China's shift towards a looser monetary policy.
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Businessmen want say in diplomats' appointment
Insist competent officers must be posted abroad who could widen trade.
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PSX's unstoppable rally continues
KSE-100 index hits new peak as it nears 110,000-point mark
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Gold surges by Rs2,000 amid ME instability; rupee stable
Gold prices rise due to Syrian upheaval and China's buying, while the Pakistani rupee remains steady.
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Remittances soar 29% to $2.9b
Surge driven by narrowing gap between official and unofficial channels
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SECP okays plan for Islamic financing
SECP approves a Strategic Action Plan to foster Islamic finance growth and eliminate Riba by 2028.
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Sanjay Malhotra named new RBI governor in unexpected move
Malhotra's appointment, announced on Monday, comes as term of current governor, Shaktikanta Das, set to end on Tuesday
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UAE to implement 15% minimum tax on multinational companies starting in January
DMTT is part of the OECD’s global minimum corporate tax agreement which has 136 signatories, including the UAE
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PSX scales new peak as KSE-100 crosses 110,000 mark
The benchmark KSE-100 index rose by 1,169.94 points compared to the previous session.
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Gold prices rise amid gains in global market
Gold and silver prices rise locally and internationally as global market trends push prices up.
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US invites Pakistani firms to SelectUSA investment summit
SelectUSA Summit seen as an invaluable opportunity for companies seeking to expand their operations into US market
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Can Starlink be a game changer for connectivity?
Musk's satellite internet service offers hope for bridging digital divide, transforming rural connectivity
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Currency exchange rate: Saudi Riyal to Rupee for December 9, 2024
Saudi Riyal (SAR) remained steady in the open market today.
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Fiscal federalism: Case for provincial accountability
The National Fiscal Pact seeks to address deep-rooted inefficiencies, but will it fix Pakistan's fiscal mismanagement
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FBR to ban items over $1,200 for passengers arriving from abroad
FBR has drafted amendments to the Baggage Rules 2006 and is currently seeking feedback from stakeholders
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BRICS new currency plan and Trump's tariff threat
US president-elect's ability to impose steep tariffs is constrained by fears of higher inflation
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