Business

The rupee lost its steam perhaps due to the IMF board meeting which will be held at the month-end to decide about refreshing the Pakistan’s loan program. Rendering to the forex dealers, the US dollar expanded a meagre 10 paisas in contradiction of the Pakistani rupee in the morning but in the afternoon session it was valued by 98 paisas which took its rate to Rs214.88 at the end of the day.

A day afterward Toyota cut rates of its all car variants, Pak Suzuki Motor Company (PSMC) has now publicized a decrease in its car prices in Pakistan operational from 16 August 2022 as Pakistani rupee sustained to recover in contradiction of the US dollar for the last many days.

The government has increased the price of petrol. The price of petrol has been increased by...

Minister Miftah Ismail has said that his ministry will not enforce any more taxes and levies on petroleum products after dropping oil prices in the world market. In an interview to a private news channel finance minister obviously said that the government cannot afford to subsidies petroleum products or bear losses.

13000 accounts of Pakistan have been suspended by Amazon. According to the details, Amazon has reportedly...

People of Sindh are required to purchase the most expensive flour as compared to other provinces, news reported on Sunday, quoting Pakistan Bureau of Statistics (PBS). Sindh have witnessed a severe upsurge in flour price, mainly in Karachi and Hyderabad where the highest recorded price for a 20kg bag was Rs1,960 and Rs1,940, correspondingly.

Another condition of IMF is fulfilled, Saudi aid of 3 billion dollars, renewed next week, intention...

Global oil demand will increase more than formerly forecast this year as heatwaves and soaring gas prices are provoking countries to switch fuels for power generation, the International Energy Agency said Thursday.

The prices of petroleum products are expected to be reduced by Rs 12 to Rs15 per litre as the Oil and Gas Regulatory Authority (OGRA) has started working on it. The New prices of petroleum products will be publicized on August 15, sources in OGRA said.

Dollar lost more ground against other main currencies on Thursday, after traders reined in bets on an aggressive interest rate climb by the Federal Reserve after softer-than-expected US inflation data the earlier day.