Follow us on Google News. Pakistan’s Oil and Gas Development Company Limited (OGDCL) has started gas production from newly discovered fields in Dera Bugti district of Balochistan with the facility of State Investment and Finance Corporation (SIFC). According to Express News, the collaboration between SIFC and OGDCL has led to significant progress in the energy…
Follow us on Google News. The Punjab Finance Department has scrapped annual increments in three categories of pension, a move being termed as a major setback for government employees. The decision to end the increase in pension will be applicable to government employees retiring from today, December 3. Finance Secretary Mujahid Sher Dal has sent…
Gold prices in Pakistan fell significantly on Monday, as the price of 24 carat gold fell by Rs 1,700, setting a new rate of Rs. 274,500 per tolaAccording to All Pakistan Gems and Jewelers Sarafa Association (APGJSA). Similarly, the price of 24 karat gold per 10 grams also decreased. 1,457 Rsnow standing. 235,340 Rs. 22…
Follow us on Google News. The Pakistani Rupee (PKR) recorded a marginal improvement against the US Dollar (USD) on the second business day of the week and gained 0.09% in early interbank trading hours. Before 11:00 AM, the PKR was seen at Rs 277.72 against the greenback after seeing a gain of 25 paise on…
Pakistan is stepping up efforts to position itself as a major trade and transit hub for Central Asia, with a renewed focus on expanding economic ties with Uzbekistan. On December 2, 2024, Pakistan’s Federal Minister for Commerce Jam Kamal Khan met the Ambassador of Uzbekistan to Pakistan, Alishir Takhtayev, in Islamabad to explore opportunities for…
On Tuesday, December 3, 2024, the UK Pound Sterling (GBP) faced a decline in the open market in Pakistan. The buying price of the pound is now Rs. 352.70, and the selling rate is Rs. 357.88. This represents a decrease of 79 paise over the previous closing rate of Rs. 353.49. This stability in the…
This stability in the exchange rate reflects the enduring economic relationship between Saudi Arabia and Pakistan. As a key partner in Pakistan’s foreign remittances, Saudi Arabia plays an important role in supporting the Pakistani economy. Millions of Pakistani expatriates in Saudi Arabia continue to send remittances, which help strengthen foreign exchange reserves and provide financial…
The federal government has failed to meet three major targets in the first review of the IMF programme, national media reported on Tuesday. Targets for net tax revenue, education and health expenditure, and maturity of local currency debt securities were not met, according to a Geo News report. The tax revenue target of Rs 2.652…
Follow us on Google News. Core inflation, as measured by the Consumer Price Index (CPI), eased to 4.9 percent in November 2024, from 7.2 percent in October 2024, according to data released by the Pakistan Bureau of Statistics (PBS) on Monday. was The data showed that inflation on a CPI basis for November 2023 was…
The recent increase in petroleum prices further burdened the lower income sections of the society as the IMF program became a major obstacle in the way of reducing petroleum prices. Sources say that during the last month and a half, the government of Pakistan increased the prices of petroleum by 12 rupees 14 paise per…