Pakistan Business, PSX KSE Updates, Prize Bond, Currency & Gold Rate

PM Imran directs strict action against those responsible for petrol shortage

An emergency meeting about the shortage of petrol took place under the chairmanship of Prime Minister Imran Khan. Federal Ministers, senior officials...

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Budget 2020: Here’s what you need to know about customs and indirect taxes

On Friday, the budget was presented by Hammad Azhar for the fiscal year 2020-21, on the floor of the National Assembly. Opposition...

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An Immediate Ban on Open Sale of Petrol in Bottles and Containers

The crackdown started against agencies and shops selling petrol in bottles and containers in Rawalpindi as the petrol shortage worsens after the...

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An overview of IMF-Pakistan meeting before the budget 2020

Meeting took place before the budget 2020 between the government’s economic team and IMF to discuss the upcoming budget and decisions were...

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6 Years Imprisonment and Heavy Fine for Cancelling Online Food Order

According to the bill drafted in Philippines, if anyone who cancels the meal after ordering can face up to 6 years of...

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Samsung to launch a Samsung Pay debit card

Just like Apple introduced its debit card, now Samsung is also planning to launch its own Samsung Pay debit card and to...

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Pakistan among the latest countries to get Paris Club debt relief

Paris Club of creditor nations agreed to suspend the debt service payments from nations like Pakistan, Ethiopia, Chad, and the Republic of Congo....

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PIA CEO announces temporary salary cuts amid COVID-19 pandemic

Chief Executive Officer of PIA Air Marshal Arshad Malik has written a letter to employees of the temporary salary cuts. Pakistan International...

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Health, social sector to get priority in budget 2020: Usman Buzdar

Chief Minister of Punjab, Usman Buzdar Usman Buzdar said that the focus will be on health and social welfare and major issues...

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Imran Khan says economic stability, job creation top budget 2020 priorities

Prime Minister Imran Khan says the government will prioritize job formation and developmental projects for the 2020-2021 budget, which will be presented...

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Scarcity of petrol in Rawalpindi continues

After the reduction in petrol prices for the month of June, scarcity of petrol in Rawalpindi, as well as many parts of...

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Government places orders to import 0.5m ton wheat

The federal government has decided to import 0.5 million tonnes of wheat to make up for the lowest local yield this year....

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3 mega projects for twin cities in next budget

3 mega projects for twin cities including Ring Road Rawalpindi, Ring Road Islamabad, and Sehala Railway Gate Flyover are to be included...

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Flour prices shoot up as wheat crisis in Sindh deepens

As the shortage of wheat continues in Sindh the flour prices also spike and the crisis adds to citizen’s woes. Across the...

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Indian entrepreneur becomes billionaire amid COVID-19

There are businessmen who just lost billions during the pandemic but then there are other entrepreneurs as well who became billionaires during...

ECC firing Pakistan Steel Mills employees

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ECC approves firing all Pakistan Steel Mills employees

The Economic Coordination Committee (ECC) on Wednesday approved firing all employees of the Pakistan Steel Mills (PSM). The decision regarding the fate of the lifeline of...

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Cabinet approves first ever mobile device manufacturing policy

Summary moved by the Ministry of Industries and Production regarding first ever mobile device manufacturing policy was approved by the federal cabinet...

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KPK businessmen demand reopening of all business activities

The whole businessmen community in Khyber Pakhtunkhwa call for a complete end to lockdown and presented a 48-point charter of demands for...

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Coronavirus: Businesses reopened, roads overcrowded

On the 70th day of smart lockdown in the twin cities of Rawalpindi/Islamabad, shopping malls and markets are opened, offices reopened and...

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Inflation eases further to 8.2 percent in May

The consumer price index inflation rate slowed to 8.2 percent in May year on year in Pakistan. On Monday, the bureau of...

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Coronavirus badly hit Pakistan’s already-strained economy

Pakistan economy will have bad after effects due to the current Coronavirus pandemic. Exports will mitigate and the burden on debt servicing...

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Filling stations suspend sale after price cut

A shortage of supplies has occurred due to the reduction in the prices of petroleum products at the filling stations in Peshawar...

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Tourism badly affected by the Coronavirus; PM lifts the restrictions

The most famous series of peaks in the enthralling mountain ranges of Pakistan are climbed up by thousands of local and foreign...

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SBP says extended lockdown poses risks to the economy

The economy of Pakistan is facing downside risks due to the extended COVID-19 lockdown, said the central bank on Sunday. According to...

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Sindh CM to review suggestions for reopening local businesses

Syed Murad Ali Shah the Sindh Chief Minister has called a meeting to reopen local industries, restaurants and, businesses by reviewing the...

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Pakistan begins transit trade to Afghanistan via Gwadar port

The government of Pakistan has started trade to Afghanistan through Gwadar port. Pakistan has allowed the import of Afghan bulk cargoes under...

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Pakistan receives export orders of face masks from the US, Europe

In a major good news for the manufacturers of the country, Pakistan exporters have received a large number of orders for face...

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Locust attacks wreak havoc on crops across Pakistan

Pakistan is currently going through the worst of locust attacks, which has caused huge damages and losses to the farmers in Punjab,...

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Capital administration lifted the ban on inter and intra-city transport

Inter and intra-city transport have been allowed to resume their services by following SOPs after the capital administration lifted the ban. Standard...

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Restaurant owners expect reopening of eateries across Pakistan

Dine-in facilities asked to be resumed by Restaurant owners, which were closed as a measure to contain the spread of Covid-19. Sheikh...

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GIKI graduates develop Pakistan’s first online shopping search engine

Pakistan is going through a lockdown phase for the last three months due to coronavirus pandemic. Now that the government has imposed...

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Shopping Malls to remain open 7 days a week in Punjab and Sindh

On the directions of Chief Minister of Punjab, Usman Buzdar, a meeting of cabinet committee for the control of coronavirus, held in the...

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Trains are ready to move; Masks made compulsory for passengers

Pakistan Railways has made full preparation to start 15 up and 15 down trains from 20 May. SOPs are being prepared for...

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CDWP approves 7 projects worth Rs 41bn

7 projects worth 41.34 billion rupees have been approved on Tuesday by the Central Development Working Party (CDWP). CDWP cleared seven projects...

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Major sugar mills underreported sales, committed fraud: forensic report

Present government PTI has made public the forensic report of the sugar inquiry commission. Pakistan Tehreek-e-Insaf has made a forensic report of...

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Easypaisa to facilitate SMEs through ‘Easy Business”

Easypaisa, the country’s leading mobile banking platform operated by Telenor microfinance bank, has taken the initiative of an extensive drive to facilitate...

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Encouraging developments for Pakistan cement industry

The cement industry of Pakistan has seen many developmental projects last week. These developments include the news about the start of construction...

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Pakistan’s GDP to grow 2% in next FY21

Pakistan’s economic growth is expected to be recorded at 2 percent in the next fiscal year of 2020-2021, whereas this year’s growth...

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Transporters split over new rules of business

Transportation services have been allowed and resumed under terms and conditions issued by the respective provincial government but transporters are divided into...

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PIA records 43% increase in profit for the year 2019

Pakistan International Airlines (PIA) recorded an increase in revenue by 43 percent in 2019 compared to the same period of last year....

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Pakistan’s digital economy gain momentum amid COVID-19

Pakistan has gone digital due to coronavirus pandemic that is keeping people at homes and the economy has also moved to the...

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Companies That Are Bigger Economic Powers than Most Countries

There are some companies that have market capitalization bigger than the GDP of many countries. As there is no limitation on how...

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Easing restrictions came out to be a disaster for the country

Within 4 days of reopening of lockdown and easing restrictions from 11th May, cases of coronavirus have surged to 37,218 on 14th...

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GB traders for reopening of Pak-China border for business purpose

Jawad Akram the Gilgit Home Secretary said that they have no issue in reopening of Pak-China border if the government of China...

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Major markets sealed in Karachi and Rawalpindi after people flouted SOPs

After the reopening of lockdown on the 49th day starting from 11th May, shoppers in Rawalpindi and Karachi flocked out flouting social...

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Diamer-Bhasha Dam contract awarded to FWO-Power China

Prime Minister Imran Khan has awarded the contract for civil and electro-mechanical works on Diamer-Bhasha Dam on Wednesday. Immediate start of the...