Gold prices in Pakistan surged to an all-time high on Wednesday, with 10-gram and one-tola rates reaching Rs264,060 and Rs308,000, respectively. This marks an increase of Rs3,258 and Rs3,800 from the previous day, according to the All Pakistan Sarafa Gems and Jewellers Association
KARACHI: The loss-making Pakistan International Airlines (PIA) has increased salaries for its employees amid soaring inflation, ARY News reported on Friday. According to a PIA spokesperson, the airline’s Board of Directors decided to raise the pay scale of its staff after four years.
Islamabad: Federal Board of Revenue (FBR) Chairman Rashid Langrial admitted to ongoing corruption within the department during a briefing to the National Assembly’s Standing Committee on Finance on Tuesday. “Corrupt practices are still going on in FBR,” Langrial said, acknowledging systemic issues as
ISLAMABAD: Pakistan achieved a current account (CA) surplus of $1.2 billion during the first half of the fiscal year 2025, marking its highest surplus in 15 years, driven by increased remittances and exports, The News reported on Saturday. Data released by the State
The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index soared past the 114,000-point milestone on Thursday, setting a historic record driven by robust macroeconomic indicators, rising investor confidence, and expectations of monetary easing. The index surged by 3,370.29 points, or 3.04%, to close at
Islamabad: The National Electric Power Regulatory Authority (Nepra) has approved the federal government’s Winter Demand Initiative for electricity consumers of XDISCOS and K-Electric (KE), according to a report by The News on Saturday. The initiative, designed to encourage higher electricity consumption during winter
Pakistan International Airlines (PIA), a state-owned enterprise struggling with massive financial losses, is set to consider a salary hike for its employees during an HR Committee meeting scheduled today. According to sources, the committee will review a detailed proposal for the pay increase,
KARACHI: The Pakistan Stock Exchange (PSX) faced extreme volatility on Tuesday as political unrest overshadowed market fundamentals, leading to the KSE-100 Index plunging 3,505.62 points, or 3.57%, to close at 94,574.16. This marks the index’s worst single-day decline in recent history. Trading activity
China’s Century Steel Mill has issued a stark warning about shutting down its operations in the Rashakai Special Economic Zone (SEZ), citing insurmountable challenges. The SEZ is a flagship project under the China-Pakistan Economic Corridor (CPEC) framework and is prioritized by the China-Pakistan
Peshawar – The Khyber Pakhtunkhwa (KP) government has formally expressed interest in joining the privatisation bid for Pakistan International Airlines (PIA). The KP Investment Board sent a letter to Federal Minister for Privatisation Abdul Aleem Khan, indicating its intention to submit a competitive