Domestic gold prices in Pakistan sustained a downward trend for the second consecutive day on Tuesday, reflecting a 0.48% depreciation of the local currency against the US dollar in the interbank market. Data provided by the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA) revealed that the price of 24-karat gold dropped by Rs6,300 per tola […]
In July 2023, the federal government’s total public debt stock witnessed a significant YoY increase of 22.1%, rising to Rs. 61.747 trillion compared to Rs. 50.567 trillion in the same month the previous year, marking an Rs. 11.180 trillion surge. This substantial growth in debt was revealed in the monthly data released by the State […]
Interim Prime Minister Anwaarul Haq Kakar made a significant announcement on Monday, sharing that the Kingdom of Saudi Arabia (KSA) is poised to inject a substantial $25 billion into Pakistan over the next two to five years, as reported by Reuters. During his media briefing on Monday, Kakar unveiled the exciting news of Saudi Arabia’s […]
The International Monetary Fund (IMF) has declined the interim government’s proposed electricity relief plan, citing discrepancies in the allocated funds for its implementation, as disclosed by sources within the finance ministry to Aaj News. The lending institution, which entered into a bailout agreement with Pakistan in July of this year, has requested a revised plan […]
Italian Ambassador to Pakistan, Andreas Ferrarese, held a productive meeting with Dr. Gohar Ejaz, the Caretaker Federal Minister for Commerce and Industries and Production, on Monday, with a keen focus on enhancing trade relations between Italy and Pakistan. In the high-level discussion, both parties underscored the necessity of exploring new avenues for business, emphasizing the […]
In the past sixteen months, more than 1,600 textile factories in the country have ceased operations, as reported by Interim Commerce Minister Dr. Gohar Ijaz. The closure of these factories has impacted the entire textile value chain, encompassing ginning, weaving, spinning, processing, and garment manufacturing, with many industries now operating at reduced production levels. Dr. […]
The Pakistani rupee’s persistent decline against the US Dollar has been a topic of concern as it continues to set new records in the financial landscape. Today, as the trading day commenced, the rupee opened at 304.1 in the interbank market, setting the stage for another day of fluctuations and market dynamics. Around noon, the […]
The Sehat Sahulat Card, also known as the Universal Health Insurance (UHI) Program, has encountered a grave crisis in Punjab. Recent revelations have unveiled a stark reality: in just 25 days, a staggering 86,217 patients out of a total of 104,846 were turned away from treatment at all district headquarters hospitals (DHQs). This distressing revelation […]
In a shocking turn of events, social media sensation Mahek Bukhari and her mother, Ansreen Bukhari, have been handed life sentences for their roles in a gruesome double murder case. The victims, Saqib Hussain and Hashim Ijazuddin, both 21 years old, met a tragic end in a devastating car crash during a high-speed chase through […]
In a heart-pounding showdown of hockey titans, Pakistan’s valiant efforts fell just short as they clashed with their arch-rivals, India, in the final of the Asian Hockey 5s tournament. Despite an impressive unbeaten streak leading up to the final, Pakistan faced a formidable Indian squad that proved to be a tough nut to crack, ultimately […]
In August 2023, Pakistan’s Consumer Price Index (CPI)-based inflation experienced a slight decline, coming in at 27.4 percent year-on-year, compared to the previous month’s 28.3 percent and August 2022’s 27.3 percent, according to the Pakistan Bureau of Statistics (PBS). On a month-on-month basis, inflation decreased to 1.7 percent in August 2023, a significant drop from […]
Cricket enthusiasts around the globe are bracing themselves for the electrifying showdown between cricketing titans Pakistan and India, as the Asia Cup ignites the age-old rivalry. In a bold move, Pakistan’s team management has decided to stick with the same playing XI that brought them a convincing victory against Nepal in their opening match, signaling […]
The Civil Aviation Authority (CAA) has taken a proactive step in ensuring the safety and reliability of Karachi’s Jinnah International Airport by temporarily closing two runways. This move has been prompted by the discovery of cracks in runways 25-L and 7-R, raising concerns about flight operations and passenger safety. As the regulatory body responsible for […]
The much-anticipated clash, India vs Pakistan at the Asia Cup 2023 is teetering on the brink of disruption, thanks to an impending thunderstorm set to hit Kandy on Saturday. Weather Threat Looms Over India vs Pakistan Asia Cup Showdown According to the latest updates from BBC Weather, there’s a daunting 70 percent probability of rain […]
The voyage of the inaugural vessel, loaded with an impressive cargo of 55,000 tons of wheat, has commenced its journey from Russia. All indications point to its arrival at Karachi Port, Pakistan, on September 8th, swiftly followed by a second vessel scheduled to make port in Pakistan on September 14th. Navigating the Wheat Importation Challenge […]
In a setback for the Indian cricket team, KL Rahul is set to miss the first two matches of the upcoming Asia Cup 2023 due to a lingering fitness concern. Rahul Dravid, the head coach, officially confirmed this news during a recent press conference, revealing that the right-handed batsman won’t be available for the opening […]
The Rawalpindi Chamber of Commerce and Industry (RCCI) has issued a stern ultimatum to the government, setting a deadline of August 29 for the withdrawal of the recent electricity price hike. In a press conference held on Saturday, Saqib Rafiq, the President of RCCI, declared that if the government fails to heed their demand and […]
In preparation for the Men’s ODI Asia Cup 2023, Pakistan has made a significant addition to their squad. The talented left-handed batter, Saud Shakeel, has been included in the 17-member squad, adding depth to the team’s batting prowess. Meanwhile, the right-handed batter, Tayyab Tahir, will continue to be a valuable part of the squad as […]
Punjab’s Governor, Baligh-ur-Rehman, has taken a resolute stride towards tackling incidents of sexual harassment in universities. In an official announcement, the governor has set up a comprehensive framework to proactively address and thwart cases of sexual harassment, prompted by recent occurrences within educational institutions. The directive mandates universities to adopt specific measures aimed at fostering […]
The International Monetary Fund (IMF) is poised to scrutinize Pakistan’s government for its delay in notifying the gas tariff increase approved by the Oil and Gas Regulatory Authority (OGRA) in June. This scrutiny comes as part of the upcoming review under the IMF’s $3 billion Standby Arrangement, with a $1 billion tranche due in November. […]
