Business News

Title Description Publish Date Image
Petrol price in Pakistan may rise from June 16, say sources <img src="https://www.thenews.com.pk/assets/uploads/updates/2021-06-15/l_849469_014256_updates.jpg"/>The price of petrol is expected to rise by Rs4.20, while an increase of Rs3.50 is expected in diesel's rates Tue, 15 Jun 2021 00:27:00 +0500 Alternate Text
'We will not play politics with the poor': Shaukat Tarin in post-budget presser <img src="https://www.thenews.com.pk/assets/uploads/updates/2021-06-12/l_848557_022221_updates.jpg"/>Finance Minister Shaukat Tarin says budget 2021-22 is to uplift the poor so they don't wait for trickledown effect of progress Sat, 12 Jun 2021 14:22:00 +0500 Alternate Text
'Will give tough time to govt, not let budget pass,' says Opposition <img src="https://www.thenews.com.pk/assets/uploads/updates/2021-06-11/l_848105_075130_updates.jpg"/>Bilawal says it did not sound at all like the budget Pakistan needs, with its "historic inflation, unemployment, and poverty" Fri, 11 Jun 2021 20:58:00 +0500 Alternate Text
Budget 2021-22: Here's a glimpse at the PSDP <img src="https://www.thenews.com.pk/assets/uploads/updates/2021-06-11/l_848058_062327_updates.jpg"/>A total of Rs2.1 trillion have been proposed for the Public Sector Development Programme (PSDP) Fri, 11 Jun 2021 18:54:00 +0500 Alternate Text
Economic Survey 2021: Shaukat Tarin says Pakistan moving towards growth <img src="https://www.thenews.com.pk/assets/uploads/updates/2021-06-10/l_847537_031021_updates.jpg"/>Shaukat Tarin says 20 million people lost jobs due COVID-19 in Pakistan Thu, 10 Jun 2021 15:08:58 +0500 Alternate Text
SBP notes increased tax collection, better performance of Kharif crops in FY 2021 <img src="https://www.thenews.com.pk/assets/uploads/updates/2021-06-03/l_844119_040617_updates.jpg"/>SBP notes "promising output" of Kharif crops, says large-scale manufacturing (LSM) grew by 7.6% Thu, 03 Jun 2021 15:52:46 +0500 Alternate Text
PM Imran Khan lauds FBR for crossing Rs4,000 billion mark in a year <img src="https://www.thenews.com.pk/assets/uploads/updates/2021-05-29/l_841759_055626_updates.jpg"/>Premier says the tax collection was 18% higher than what was recorded in the same period last year Sat, 29 May 2021 21:24:00 +0500 Alternate Text
Pakistan's policy rate to remain at 7% for next two months: SBP <img src="https://www.thenews.com.pk/assets/uploads/updates/2021-05-28/l_841289_073146_updates.jpg"/>MPC says year-on-year inflation rate likely to remain elevated in coming months due to recent hike in power tariff Fri, 28 May 2021 19:54:00 +0500 Alternate Text
Pakistan's GDP expected to hit 4.8% next fiscal year: Asad Umar <img src="https://www.thenews.com.pk/assets/uploads/updates/2021-05-28/l_841253_070757_updates.jpg"/>Umar says PSDP budget has been moved up from Rs650 billion to Rs900 — a "huge" increase of Rs250 billion Fri, 28 May 2021 19:41:00 +0500 Alternate Text
Asad Umar says PSX has broken previous record of new daily-traded volume <img src="https://www.thenews.com.pk/assets/uploads/updates/2021-05-26/l_840351_091848_updates.jpg"/>Asad Umar says record was an indicator of the market's 'reacting to signs of sustained recovery' Wed, 26 May 2021 22:37:00 +0500 Alternate Text
Tarin defends existing 3.94% growth rate, says economy to expand by 5% next year <img src="https://www.thenews.com.pk/assets/uploads/updates/2021-05-23/l_838988_082143_updates.jpg"/>The focus of government had been on housing, agriculture and export sector that delivered these results, says Tarin Sun, 23 May 2021 20:21:00 +0500 Alternate Text
Pakistan's GDP expected to grow 3.94%, says PM Imran Khan <img src="https://www.thenews.com.pk/assets/uploads/updates/2021-05-21/l_838041_092300_updates.jpg"/>"This reflects the success of our government's economic policies while managing the COVID 19 pandemic," says PM Imran Khan Fri, 21 May 2021 22:56:00 +0500 Alternate Text
Returns on national savings certificates revised <img src="https://www.thenews.com.pk/assets/uploads/updates/2021-05-20/l_837467_063822_updates.jpg"/>Shuhada’s Family Welfare and Pensioners’ Benefit Accounts' returns have been moved down to Rs11.04pc from Rs11.52 pc Thu, 20 May 2021 19:06:00 +0500 Alternate Text
PM Imran Khan elated over all-time high remittances of $2.8b in April <img src="https://www.thenews.com.pk/assets/uploads/updates/2021-05-18/l_836437_023313_updates.jpg"/>Remittances grow by 29 % to record $24.2 bln in 10 months Tue, 18 May 2021 14:32:00 +0500 Alternate Text
Latest petrol price: Rates to remain unchanged in May <img src="https://www.thenews.com.pk/assets/uploads/updates/2021-05-17/l_835956_095535_updates.jpg"/>Petrol will continue to cost Rs108.56 per litre Mon, 17 May 2021 21:59:00 +0500 Alternate Text
Petrol price in Pakistan likely to witness an uptick: sources <img src="https://www.thenews.com.pk/assets/uploads/updates/2021-05-17/l_835927_040815_updates.jpg"/>The price of diesel will witness an increase of Rs3.25, say sources Mon, 17 May 2021 17:05:00 +0500 Alternate Text
Banks to observe normal working hours starting May 17 <img src="https://www.thenews.com.pk/assets/uploads/updates/2021-05-17/l_835526_012154_updates.jpg"/>Effective from May 17, the State Bank of Pakistan will revert to normal office hours, which shall also be followed by all banks Mon, 17 May 2021 01:20:26 +0500 Alternate Text
Markets tumble in Asia as inflation fears haunt trading floors <img src="https://www.thenews.com.pk/assets/uploads/updates/2021-05-11/l_833783_103153_updates.jpg"/>There is a feeling that the issue will dog markets for some time, even as investors are confident the global economy is well on the recovery path Tue, 11 May 2021 10:30:44 +0500 Alternate Text
Pakistan's weekly inflation rises by 0.50% <img src="https://www.thenews.com.pk/assets/uploads/updates/2021-05-07/l_831928_092629_updates.jpg"/>Prices of 7 items decreased, 18 increased, 26 remained constant Fri, 07 May 2021 21:38:00 +0500 Alternate Text
'Important milestone': Pakistan added to Amazon Sellers' List <img src="https://www.thenews.com.pk/assets/uploads/updates/2021-05-06/l_831373_122605_updates.jpg"/>Razak Dawood says it is a great opportunity for Pakistani youth, SMEs and women entrepreneurs. Thu, 06 May 2021 12:25:00 +0500 Alternate Text
LHC to hear petition challenging move to discontinue Rs7,500 prize bonds <img src="https://www.thenews.com.pk/assets/uploads/updates/2021-05-05/l_830893_110512_updates.jpg"/>Petitioner calls on LHC to declare government's move to discontinue Rs7,500 prize bonds void Wed, 05 May 2021 10:59:20 +0500 Alternate Text
Govt announces discontinuation of Rs15,000 and Rs7,500 bonds <img src="https://www.thenews.com.pk/assets/uploads/updates/2021-04-29/l_828010_115450_updates.jpg"/>Notification shows that Rs7,500 and Rs15,000 bonds will no longer be in use from this year Thu, 29 Apr 2021 23:50:18 +0500 Alternate Text
For second consecutive year, SBP not to issue new banknotes on Eid ul Fitr <img src="https://www.thenews.com.pk/assets/uploads/updates/2021-04-29/l_827984_053339_updates.jpg"/>SBP says decision to not issue new notes taken due to the coronavirus pandemic Thu, 29 Apr 2021 18:27:00 +0500 Alternate Text
Coronavirus: Latest bank timings in Pakistan <img src="https://www.thenews.com.pk/assets/uploads/updates/2021-04-29/l_827915_104710_updates.jpg"/>Banks will conduct public dealing from 9am to 1pm on weekdays while on Friday's banks will close at 12:30pm Thu, 29 Apr 2021 10:44:27 +0500 Alternate Text
Germany set to upgrade 2021 growth forecast: minister <img src="https://www.thenews.com.pk/assets/uploads/updates/2021-04-24/l_825366_094234_updates.jpg"/>Europe´s biggest economy shrank by 4.9% in 2020 as restrictions to curb the pandemic hit many sectors. Sat, 24 Apr 2021 09:38:55 +0500 Alternate Text
Sichuan Liaison Office of the China-Pakistan Business Council launched to promote trade ties <img src="https://www.thenews.com.pk/assets/uploads/updates/2021-04-17/l_821773_103746_updates.jpg"/>The liaison office will accelerate the integration of Sichuan province into the China-Pakistan Economic Corridor Sat, 17 Apr 2021 22:35:29 +0500 Alternate Text
Here's what Shaukat Tarin thought of the economy before becoming finance minister <img src="https://www.thenews.com.pk/assets/uploads/updates/2021-04-17/l_821758_091207_updates.jpg"/>"We don't know where the economy is heading [...] We will have to put our house in order," Tarin had said Sat, 17 Apr 2021 21:45:00 +0500 Alternate Text
Latest petrol price in Pakistan <img src="https://www.thenews.com.pk/assets/uploads/updates/2021-04-15/l_820647_063923_updates.jpg"/>The government has reduced the price of petrol by Rs1.79, following which it will be sold at 108.56 per litre from April 16 Thu, 15 Apr 2021 18:40:00 +0500 Alternate Text
Latest bank timings for Ramzan 2021 <img src="https://www.thenews.com.pk/assets/uploads/updates/2021-04-13/l_819555_021824_updates.jpg"/>SBP issues Ramzan timings for banks, development finance institutions, microfinance banks Tue, 13 Apr 2021 14:28:00 +0500 Alternate Text
SBP announces bank holiday on first day of Ramadan <img src="https://www.thenews.com.pk/assets/uploads/updates/2021-04-12/l_819080_073916_updates.jpg"/>All public dealings will remain closed on the first day of Ramadan, says SBP Mon, 12 Apr 2021 22:17:00 +0500 Alternate Text
Govt to take action against people involved in petrol crisis, say sources <img src="https://www.thenews.com.pk/assets/uploads/updates/2021-04-10/l_818070_094235_updates.jpg"/>The cabinet committee probing the matter has ordered the setting up of a monitoring cell in the Petroleum Division Sat, 10 Apr 2021 22:00:00 +0500 Alternate Text
China hits Alibaba with record $2.78bn fine for market abuses <img src="https://www.thenews.com.pk/assets/uploads/updates/2021-04-10/l_818014_125004_updates.jpg"/>Alibaba says it accepted the penalty and pledged to outline plans on Monday for bringing its operations in compliance Sat, 10 Apr 2021 12:46:06 +0500 Alternate Text
PTI-led govt picks Asim Ahmed as new FBR chairman <img src="https://www.thenews.com.pk/assets/uploads/updates/2021-04-09/l_817535_061945_updates.jpg"/>This is the sixth time the PTI-led government is appointing the FBR chairman Fri, 09 Apr 2021 21:24:00 +0500 Alternate Text
Pakistan will not be able to meet tax collection target in current fiscal year <img src="https://www.thenews.com.pk/assets/uploads/updates/2021-04-09/l_817528_054446_updates.jpg"/>Pakistan says its tax collection target will not increase more than Rs4,600bn during the current fiscal year Fri, 09 Apr 2021 17:49:00 +0500 Alternate Text
US adds Chinese supercomputer centres to export blacklist <img src="https://www.thenews.com.pk/assets/uploads/updates/2021-04-09/l_817503_030240_updates.jpg"/>China will take necessary measures to firmly uphold Chinese companies' legal rights and interests, says foreign ministry spokesman Zhao Lijian Fri, 09 Apr 2021 15:11:00 +0500 Alternate Text
KE to bring down loadshedding during Ramadan <img src="https://www.thenews.com.pk/assets/uploads/updates/2021-04-08/l_816999_064045_updates.jpg"/>NTDC has allowed KE to add 450 MW to its system, following which a total of 1,100 MW electricity will be provided to Karachi Thu, 08 Apr 2021 21:20:00 +0500 Alternate Text
NEPRA increases electricity tariff <img src="https://www.thenews.com.pk/assets/uploads/updates/2021-04-07/l_816278_060643_updates.jpg"/>Customers who utilise less than 50 units will be exempted from the hike, says NEPRA Wed, 07 Apr 2021 18:42:00 +0500 Alternate Text
IMF report says Pakistan's unemployment rate, inflation to increase this year <img src="https://www.thenews.com.pk/assets/uploads/updates/2021-04-07/l_816199_095740_updates.jpg"/>Unemployment rate in Pakistan to grow by 1.5% in current fiscal year, says IMF Wed, 07 Apr 2021 09:57:00 +0500 Alternate Text
Hammad Azhar says next year's growth target for Pakistan to be set at over 4% <img src="https://www.thenews.com.pk/assets/uploads/updates/2021-04-07/l_815818_121726_updates.jpg"/>Pakistan's economy will grow faster than 2021 forecast, says Hammad Azhar Wed, 07 Apr 2021 00:22:00 +0500 Alternate Text
"Exploring winter tourism in Pakistan': PM Imran Khan shares breathtaking photos of winter skiing in Deosai <img src="https://www.thenews.com.pk/assets/uploads/updates/2021-04-06/l_815764_013344_updates.jpg"/>Deosai plateaus is situated at an average elevation of 4,114 metres (13,497 ft) above sea level in Gilgit-Baltistan Tue, 06 Apr 2021 13:20:13 +0500 Alternate Text
SBP boss 'confident' ahead of Pakistan's return to IMF <img src="https://www.thenews.com.pk/assets/uploads/updates/2021-04-05/l_814759_123420_updates.jpg"/>SBP Governor Dr Reza Baqir says Pakistan's economy faring better in third wave of coronavirus than first two Mon, 05 Apr 2021 00:31:00 +0500 Alternate Text
Ghee, oil prices move up in Utility Stores ahead of Ramadan <img src="https://www.thenews.com.pk/assets/uploads/updates/2021-04-02/l_813733_062916_updates.jpg"/>The price of cooking oil has been increased from Rs6 to 9 per litre Fri, 02 Apr 2021 18:24:46 +0500 Alternate Text
Shaukat Tareen 'ready' to be PM Imran's finance aide but after 15-20 days <img src="https://www.thenews.com.pk/assets/uploads/updates/2021-03-31/l_812689_064647_updates.jpg"/>Tareen tells PTI govt officials he's 'ready to directly work with' them but needs 15-20 days' time Wed, 31 Mar 2021 19:20:00 +0500 Alternate Text
Latest petrol price in Pakistan <img src="https://www.thenews.com.pk/assets/uploads/updates/2021-03-31/l_812676_050039_updates.jpg"/>Finance Division reduces petrol price by Rs1.55 Wed, 31 Mar 2021 17:25:00 +0500 Alternate Text
Suez Canal traffic resumption after 'Ever Given' blockage eases oil prices <img src="https://www.thenews.com.pk/assets/uploads/updates/2021-03-29/l_811739_101002_updates.jpg"/>Oil prices tumbled earlier after 'Ever Given' was partially freed from Egypt's Suez Canal, rose, and then fell back in evening Mon, 29 Mar 2021 22:25:00 +0500 Alternate Text
Govt to credit salaries, pensions of employees via RAAST system <img src="https://www.thenews.com.pk/assets/uploads/updates/2021-03-29/l_811686_033023_updates.jpg"/>In a pilot phase, salaries, pensions of a group of federal govt employees will be transferred via RAAST Mon, 29 Mar 2021 16:40:00 +0500 Alternate Text
Ahead of Ramadan, essential commodities witness stark rise in prices <img src="https://www.thenews.com.pk/assets/uploads/updates/2021-03-27/l_810793_084748_updates.jpg"/>The prices of sugar, chicken, fruits, vegetables, and other essential items have moved up across the country Sat, 27 Mar 2021 21:15:00 +0500 Alternate Text
SBP holds policy rate at 7% to support economic recovery <img src="https://www.thenews.com.pk/assets/uploads/updates/2021-03-19/l_806775_065657_updates.jpg"/>"Current [rate] appropriate to support economic recovery, keep inflation expectations well-anchored and maintain financial stability" Fri, 19 Mar 2021 18:56:00 +0500 Alternate Text
Saudi investor says KE has given zero returns even after 15 years of investment <img src="https://www.thenews.com.pk/assets/uploads/updates/2021-03-19/l_806723_032848_updates.jpg"/>Saudi businessman says the gain from investment in KE has effectively been nil Fri, 19 Mar 2021 15:07:26 +0500 Alternate Text
Nokia plans slashing up to 10,000 jobs in 24 months <img src="https://www.thenews.com.pk/assets/uploads/updates/2021-03-16/l_805245_022532_updates.jpg"/>Nokia says that market developments in the next two years will determine the exact number of job losses Tue, 16 Mar 2021 14:19:47 +0500 Alternate Text