Continuing with its declining dynamism, the Pakistani Rupee (PKR) lost 35 paisas against the US Dollar (USD) on Thursday to close at 169.03.The currency depreciated by 16 paisas against the USD and closed at 168.68 on September 22. It is nearing the al…

The Pakistani Rupee lost 16 paisas against the US Dollar on Wednesday to close at 168.68.Yesterday, it appreciated by 20 paisas against the US Dollar (USD) and closed at 168.52.The Governor of the State Bank of Pakistan, Dr. Raza Baqir, said that he su…

Earlier today, Special Assistant to Prime Minister on Power and Petroleum, Tabish Gauhar, had resigned from his post.Gauhar confirmed his resignation in a tweet, saying that he had decided to return to his family, following a year of his public service…

Fitch Solutions maintained its forecast for the Pakistani economy to record real GDP growth of 4.2 percent in the fiscal year 2021-22, up from 3.9 percent in the fiscal year 2020-21.“We note that improving vaccination rates will buoy private consumptio…

Chinese companies have expressed their readiness to invest fifteen billion dollars in Pakistan’s petrochemicals sector.This was stated by Federal Secretary Board of Investment, Fareeha Mazhar while talking to APP in Islamabad today [Sunday].She said th…

Punjab Chief Minister Sardar Usman Buzdar says ten cement factories have been established and twenty two NOCs are being issued for establishment of new cement factories in Punjab.In a statement issued in Lahore on Saturday, Usman Buzdar said new cement…

Federal Minister for Planning and Development Asad Umar has dispelled the impression that the pace of work on the CPEC [China-Pakistan Economic Corridor] projects has been slowed down, reaffirming that major work of the projects has been completed by t…

The Pakistani rupee (PKR) appreciated against the US dollar (USD) on Thursday, recovering from September 15’s record low and gaining 94 paisas in the inter-bank market to close at Rs. 168.18.The rupee slid, on Wednesday, to Rs. 169.70 against the USD b…

Federal Minister for Finance and Revenue, Mr. Shaukat Tarin, presided over the meeting of the Economic Coordination Committee (ECC) of the Cabinet held at the Finance Division today.The ECC considered and approved a summary tabled by the Aviation Divis…

The federal Minister for Industries and Production, Makhdum Khusro Bakhtyar, chaired a consultative meeting with small and medium-sized enterprises stakeholders this afternoon, according to a press release.The Secretary of Industries and Production, Ja…