Fed chief warns tariffs to hit harder than expected, fuelling inflation and slower growth
WASHINGTON: Federal Reserve Chair Jerome Powell has warned that the economic impact of the recently imposed U.S. tariffs is likely to be much larger than...
Category : Headlines
Evacuee Trust Property Board recovers Rs463.3 million in rent, lease payments
The Evacuee Trust Property Board (ETPB) has successfully recovered Rs463.3 million from various districts in rent and lease payments related to its properties. As per...
Refining sector faces Rs18bn strain from sales tax changes, calls for urgent resolution
Pakistan’s local refineries have formally requested the National Assembly’s Standing Committee on Finance & Revenue to intervene in addressing the issue of sales tax exemption...
Rs1.34 trillion loan negotiations with banks in final stages, says energy minister
Minister for Power Sardar Awais Khan Leghari announced that negotiations with banks for loans worth Rs1.34 trillion are in the final stages, aimed at reducing...
Pakistan seeks Belarusian expertise for tractor manufacturing plant, eyes stronger trade ties
Pakistan is looking to establish a tractor manufacturing plant similar to Belarus’ successful model and expand trade connectivity with Central Asia and Europe, Federal Minister...
Foreign investors pull $135.5mn from T-bills amid interest rate decline, PKR depreciation
Foreign investors have pulled a net $135.5 million from Pakistan’s treasury bills as of March 14, 2025, driven by a significant decline in interest rates...
Govt to finance electricity tariff reduction through Rs58bn PDL from oil consumers
The government is expected to finance the recently announced reduction in electricity tariffs of Rs 7.41 per unit by tapping into the pockets of oil...
Sugar prices remain above government-set ceiling, retail average hits Rs168.8/kg
Pakistan’s retail sugar prices have continued to rise, averaging Rs168.8 per kilogram over the past two weeks, surpassing the government’s ceiling price of Rs164 per...
Gold price in Pakistan for today, April 05, 2025
Gold prices in Pakistan fluctuate frequently based on international market trends. The rates listed are provided by local gold markets and Sarafa Markets in various...
Court approves merger of Zahur Cotton Mills with Itanz Technologies
Zahur Cotton Mills Limited (ZCM) has announced the successful completion of a scheme of arrangement, as sanctioned by the Lahore High Court (LHC). Under the...