Federal Finance Minister Muhammad Aurangzeb has emphasised that the government has achieved macroeconomic stability over the course of 12 months and now it is working on critical reforms. He expressed these views while addressing the Insure Impact Conference, held under the aegis of the Securities and Exchange Commission of Pakistan (SECP), via Zoom on Wednesday. Aurangzeb noted that Prime M
Pakistan Telecommunication Company Limited (PTCL) has continued to face massive losses that amounted to Rs14.39 billion on a consolidated basis for the year ended December 31, 2024. In comparison, the company had incurred a loss of Rs16.73 billion in 2023. According to a public notice issued to Pakistan Stock Exchange (PSX) on Wednesday, the PTCL group sustained a loss per share of Rs2.82, whic
After reaching an all-time high in the previous session, gold prices in Pakistan dropped on Wednesday, mirroring a decline in international markets. The price of gold per tola fell by Rs1,600, settling at Rs301,500, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). Similarly, the 10-gram gold rate dropped by Rs1,372, bringing it down to Rs258,487. On Tuesday, gold ha
Ambassador of Russia to Pakistan, Albert P. Khorev has said that Russia and Pakistan will focus on cooperation in energy and industry, including the modernisation of the Karachi Steel Mills, agriculture, and transport, in 2025. Russia stands ready to intensify cooperation with Pakistan on the use of international transport corridors "North-South" and "Belarus-Russia-Kazakhstan-Uzbekistan-Afghan
Electricity consumers across the country have received relief as the government announces a reduction in electricity rates by up to 1.23 rupees per unit. According to a notification, state-run distribution companies (DISCOs) consumers will benefit from a 1.22-rupee reduction per unit, while K-Electric users will see a 1.23-rupee cut. This price reduction stems from the monthly fuel price adjust