The Pakistani rupee registered marginal gain, appreciating 0.01% against the US dollar in the inter-bank market on Monday. At close, the local currency settled at 279.07, a gain of Re0.03, against the greenback. On Friday, the local unit closed at 279.10. Meanwhile, the US dollar was steady on Monday, while the yen flirted with the crucial 160 per dollar level as nervous investors took stoc
The management of Pakistan International Airlines (PIA) has decided to end all discounts amid rising oil prices in the international market. The development came during a high-level meeting held on Monday, the national carrier said in an official statement. “In a high-level meeting, a plan has been prepared to deal with the continuously rising prices and potential losses,” read the statement
The Competition Commission of Pakistan (CCP) has highlighted that outdated grid infrastructure is acting as a critical bottleneck to the country’s solar energy expansion, urging authorities to take urgent modernisation measures to support rising distributed generation and unlock the sector’s full potential. The CCP it its study on the solar market, proposed targeted reforms to remove entry barr
Pakistan central bank has exempted information technology (IT) companies and freelancers from declaring the receipt of export proceeds of up to $25,000, softening the services export reporting rules with an aim to accelerate growth of the country’s IT exports, according to a notification issued on Monday. Besides, the State Bank of Pakistan (SBP) has continued to allow the IT firms and freelanc
The Cabinet Committee to Monitor Petrol Prices on Monday directed the Oil and Gas Regulatory Authority (OGRA) to ensure compliance with data reporting requirements, accelerate digitisation efforts across the supply chain, and maintain close coordination with the oil marketing companies (OMCs) and other relevant stakeholders to support seamless implementation of the system, the Finance Division sai