Business News

Title Description Publish Date Image
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
Bitcoin crosses $60,000 for the first time <img src="https://www.thenews.com.pk/assets/uploads/updates/2021-03-13/l_803762_101908_updates.jpg"/>The cryptocurrency hit an all-time high of $60,012 at 1149 GMT Sat, 13 Mar 2021 22:18:00 +0500 Alternate Text
PM Imran Khan disapproves ghee price hike in Utility Stores <img src="https://www.thenews.com.pk/assets/uploads/updates/2021-03-10/l_802081_090634_updates.jpg"/>"Ghee is people's basic necessity; its price should not be increased," says the premier Wed, 10 Mar 2021 21:52:00 +0500 Alternate Text
Hafeez Shaikh says govt mulling unified law for state enterprises, companies <img src="https://www.thenews.com.pk/assets/uploads/updates/2021-03-09/l_801565_070704_updates.jpg"/>He says three "big laws" had been approved that would strengthen Pakistan's economy Tue, 09 Mar 2021 19:17:00 +0500 Alternate Text
After coronavirus hit, China's exports fly to highest in decades <img src="https://www.thenews.com.pk/assets/uploads/updates/2021-03-07/l_800569_015701_updates.jpg"/>The latest figures stand in stark contrast to last year´s fall of around 17% in exports and 4 % drop in imports Sun, 07 Mar 2021 13:59:00 +0500 Alternate Text
Rs6.3 billion Ramadan package proposed <img src="https://www.thenews.com.pk/assets/uploads/updates/2021-03-04/l_799065_104540_updates.jpg"/>Industries ministry proposes Rs50 subsidy on tea, Rs20 on milk Thu, 04 Mar 2021 22:23:00 +0500 Alternate Text
Hong Kong removed from economic freedom ranking it once dominated <img src="https://www.thenews.com.pk/assets/uploads/updates/2021-03-04/l_798992_120224_updates.jpg"/>The announcement is a reputational blow for Hong Kong and comes as Beijing ramps up its bid to quash dissent after huge violent pro-democracy protests Thu, 04 Mar 2021 11:55:58 +0500 Alternate Text
Asia markets resume losses as inflation fears take hold again <img src="https://www.thenews.com.pk/assets/uploads/updates/2021-03-04/l_798990_114918_updates.jpg"/>The panic has come despite repeated Federal Reserve assurances that it will not tighten policy until inflation is consistently high Thu, 04 Mar 2021 11:40:40 +0500 Alternate Text
007 carmarker crashes into more losses on coronavirus impact <img src="https://www.thenews.com.pk/assets/uploads/updates/2021-02-25/l_795533_075250_updates.jpg"/>The luxury group also wrote off almost £100 million of investments in scrapped projects, including its electric car plans Thu, 25 Feb 2021 21:21:00 +0500 Alternate Text
PM Imran lauds FBR for achieving revenue target <img src="https://www.thenews.com.pk/assets/uploads/updates/2021-02-20/l_793032_013726_updates.jpg"/>PM Imran has advised the FBR field formations to continue working with honesty and commitment Sat, 20 Feb 2021 13:35:28 +0500 Alternate Text
New Asia record: Super luxury Hong Kong flat sold at whopping $59m <img src="https://www.thenews.com.pk/assets/uploads/updates/2021-02-17/l_791428_060008_updates.jpg"/>The price paid by the unidentified buyer for the property at 21 Borrett Road -- a newly built luxury apartment tower -- beat the previous price per square foot record set in 2017 Wed, 17 Feb 2021 17:57:54 +0500 Alternate Text
Car sales plunge 24% in Europe, says automobile manufacturers group <img src="https://www.thenews.com.pk/assets/uploads/updates/2021-02-17/l_791425_054643_updates.jpg"/>Spain was the worst hit, with a fall of 51.5%, followed by Germany down 31.1% and Belgium 27.2% Wed, 17 Feb 2021 17:44:34 +0500 Alternate Text
Asian markets down on profit-taking <img src="https://www.thenews.com.pk/assets/uploads/updates/2021-02-17/l_791423_053918_updates.jpg"/>Tokyo, Sydney, Singapore, Seoul, Mumbai, Bangkok, Jakarta and Manila all fell, while Taipei and Wellington rose. Wed, 17 Feb 2021 17:35:21 +0500 Alternate Text
Pakistan reaches deal with IMF on reforms for release of $500m <img src="https://www.thenews.com.pk/assets/uploads/updates/2021-02-16/l_790972_095827_updates.jpg"/>Completion of second to fifth reviews of reforms, pending approval of the Executive Board, would release $500 million Tue, 16 Feb 2021 21:35:00 +0500 Alternate Text
NEPRA approves increase in power tariff <img src="https://www.thenews.com.pk/assets/uploads/updates/2021-02-12/l_789011_073623_updates.jpg"/>Once the decision is enforced, customers will have to bear a burden of Rs84 billion Fri, 12 Feb 2021 19:31:19 +0500 Alternate Text