Oil prices surged by 1% on Thursday, effectively snapping a three-day decline. This increase in oil prices came as risk appetite made a comeback in financial markets following the U.S.…
Business
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The Pakistani rupee experienced a continued decline against the US dollar in the interbank foreign exchange market on Wednesday. At the close of the market’s first trading session of November,…
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The price of gold in the domestic market of Pakistan experienced a significant decline on Wednesday. Gold prices plummeted by over Rs1,200, causing a buzz in the local financial circles.…
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Business
Electricity Tariff Changes Forecasted to Impose Rs22 Billion Additional Burden on Consumers
by Haktaurusby HaktaurusSources have revealed that proposed alterations to the electricity tariff structure may place an overwhelming financial burden of over Rs22 billion on consumers in the upcoming days. This revelation has…
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Business
Gold Prices Decline in Pakistan while International Markets Hold Steady
by Haktaurusby HaktaurusGold prices in Pakistan experienced a notable dip today, despite international markets maintaining stability. As the new week’s trading commenced, the per tola gold price saw a significant decrease of…
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BusinessNational
Pakistan International Airlines Cancels 349 Flights in Two Weeks Due to Fuel Shortage Amidst Payment Dispute
by Haktaurusby HaktaurusThe Pakistan International Airlines (PIA) revealed that it has canceled a total of 349 flights in the past two weeks due to a severe shortage of fuel. This unsettling development…
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Business
Pakistan’s Caretaker Prime Minister Pushes for Privatization of PIA Amid
by Haktaurusby HaktaurusIn a bid to rescue Pakistan International Airlines (PIA) from its ongoing financial woes, caretaker Prime Minister Anwaar-ul-Haq Kakar has issued a directive to expedite the privatization process of the…
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The Pakistani rupee faced a sharp decline against the US dollar on Wednesday, succumbing to mounting import pressures, according to financial analysts. The local currency dipped by Rs3.26, marking a…
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Business
Government Crackdown and Strengthening Rupee Cause Significant Drop in Gold Prices
by Haktaurusby HaktaurusIn a surprising turn of events, a combination of government measures aimed at curbing speculation, a strengthening rupee, and a decline in global market rates have led to a substantial…
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Business
Government Set to Increase Gas Tariff for Fertilizer Producers to Meet IMF Demand
by Haktaurusby HaktaurusSignificant move aimed at addressing the International Monetary Fund’s (IMF) demands and controlling circular debt, the Pakistani government is reportedly planning to raise gas tariffs for fertilizer producers. three key…