Pakistan
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Gold breaks all records, price soars to Rs217,000 per tola in Pakistan
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[ad_1] People buy jewellery at a jewellery store in Amritsar on October 22, 2022. — AFP/File After the rupee fell to a new low against the US dollar in the interbank market, the gold rate surged to an all-time high in Pakistan and jumped past Rs215,00 per tola. The price of gold (24 carats) soared…
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Pakistan to start importing Russian oil this month: Malik | The Express Tribune
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[ad_1] KARACHI: Minister of State for Petroleum Dr Musadik Malik has said that talks between Islamabad and Moscow are underway for the import of oil, adding that Pakistan will begin importing Russian crude oil at discounted rate from this month. He said this while addressing petroleum dealers and businessmen and industrialists in Karachi at the PSO…
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Has govt increased petrol price in Pakistan?
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[ad_1] A man fills the fuel tank of a car. — AFP/File Following a reduction in international crude oil prices, a viral notification — allegedly issued by the Finance Division — saying that petrol prices had increased was declared to be “fake”, the Ministry of Information and Broadcast (MOIB) said. The notification stated the costs…
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Pakistan inflation shatters all records, tops 35% for the first time
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[ad_1] Vendors are selling vegetables at a market in Lahore on March 26, 2023. — Online Pakistan’s annual inflation rate tore past 35% in March, the country’s statistics agency said on Saturday, the first time since the available data i.e. July 1965. Data released by the Pakistan Bureau of Statistics (PBS) suggested that the country…
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China rolls over $2b loan to Pakistan | The Express Tribune
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[ad_1] ISLAMABAD: Pakistani Finance Minister Ishaq Dar said on Friday that China had rolled over a $2 billion loan that matured last week, providing relief during the nation’s acute balance of payment crisis. Locking in a rollover had been critical for Pakistan, where reserves have dipped to just four weeks’ worth of imports and talks…
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Pakistan begins outsourcing airports as cash crunch bites
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[ad_1] An undated image of Islamabad International Airport. — AFP/File ISLAMABAD: In a move aimed at generating foreign exchange reserves for the cash-strapped nation, the Economic Coordination Committee (ECC) on Thursday kick-started the process of outsourcing three airports in Pakistan. According to a statement issued in this regard, the Finance Division revealed that the committee…
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Pakistan welcomes removal from EU list of high-risk countries
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[ad_1] Pakistan welcomes removal from EU list of high-risk countries. AFP/File ISLAMABAD: Pakistan welcomed the European Union’s decision to remove the country from the list of high-risk countries in recognition of the country’s progress in addressing anti-money laundering issues and countering terrorism financing. The European Union (EU) removed the country from the “List of High-Risk…
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Petrol price in Pakistan expected to drop in next fortnightly review
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[ad_1] Petrol price and litres displayed on a digital screen at a petrol pump in Karachi, on March 17, 2023. — The News The rates of petroleum products in Pakistan are expected to decline from April 1, Geo News reported Wednesday, following a reduction in international crude oil prices. The price of diesel is likely…
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EU removes Pakistan from ‘list of High-Risk Third Countries’ | The Express Tribune
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[ad_1] The European Union (EU) on Wednesday removed Pakistan from its list of ‘High-Risk Third Countries’ for anti-money laundering and terrorist financing purposes, according to the Ministry of Commerce. The EU Commission is mandated to identify high-risk third countries having strategic deficiencies in their regime on anti-money laundering and countering the financing of terrorism (AML/CFT).…
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Gold falls below Rs205,000 mark in Pakistan
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[ad_1] An undated image of a gold set displayed at a jewellery store. — AFP/File Extending its losses for a second trading day, the gold price on Monday fell below Rs205,000 as the euphoria over the International Monetary Fund (IMF) deal fizzled and investors shifted their focus to Finance Minister Ishaq Dar’s negotiations with friendly countries for…
