Following a strong economic comeback in fiscal year (FY) 2021, Pakistan’s economic growth is likely to decrease to 4% in FY2022 as a result of stricter fiscal and monetary policies, before ramping up again in FY2023, according to a research released on Wednesday by the Asian Development Bank (ADB). Pakistan’sContinue Reading
The National Electronic Power Regulatory Authority (NEPRA) approved a Rs 1.29 increase in power tariffs for K-Electric customers for a month as part of a fuel price adjustment on Monday. NEPRA has ended its hearing on K Electric’s request for a Rs3.45 per unit increase in electricity prices in February’sContinue Reading
ISLAMABAD: The federal government has postponed the decision to raise petroleum product prices for the next 15 days in April. Following Prime Minister Imran Khan’s decision on February 28, the federal government has decided to keep petroleum product prices unchanged for the next 15 days in April. According to theContinue Reading
The price of 24 carat per tola gold increased by Rs 150 and was sold for Rs 131,350 on Thursday, up from Rs 131,200 the previous day on the local market. The price of a gramme of 24 karat gold climbed by Rs128 to Rs 112,611 from Rs 112,483, whileContinue Reading
According to the State Bank of Pakistan, the country’s total liquid foreign reserves are $18.55405 billion. According to the SBP’s weekly statement released on Thursday, the State Bank’s foreign reserves held on March 25 were $12,047.3 million. Commercial banks held $6,507.2 million in net foreign reserves. SBP reserves fell byContinue Reading
On Monday, the price of 24 carat per tola gold dropped by Rs 550 and was sold for Rs 131,350, down from Rs 131,900 the day before on the local market. According to the All Sindh Sarafa Jewellers Association, the price of 10 gramme 24 karat gold dropped by Rs472Continue Reading
(Source: Reuters) At 22:07 GMT on Sunday, bitcoin was up 4.41 percent to $46,499.29, up $1,963.64 from its previous closing. Bitcoin, the world’s largest and most well-known cryptocurrency, is up 41.1 percent from its January 24 low of $32,950.72. On Sunday, Ether, the cryptocurrency tied to the Ethereum blockchain network,Continue Reading
ISLAMABAD: After implementing the Track and Trace system in the country’s 79 sugar mills, the Federal Board of Revenue (FBR) has collected a record Rs26.5 billion in sales tax from the sugar sector. During the first four months of the sugarcane crushing season, the FBR reported a 33 percent increaseContinue Reading
KARACHI: Gold prices rose on Saturday in both Pakistan and international markets. According to Muhammad Arshad, Chairman of the All Pakitan Jewellers Manufacturers Association, the precious metal increased by Rs750 per tola on Saturday, the last day of the business week. The price of a tola of 24kt gold hasContinue Reading
Thailand’s market regulator announced on Wednesday that from April 1, digital assets would be prohibited from being used to pay for goods and services. The action follows prior conversations between the Securities and Exchange Commission (SEC) and the Bank of Thailand (BOT) about the need to regulate such behaviour byContinue Reading
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