ISLAMABAD, May 28(ABC): The Sensitive price Indicator (SPI) based weekly inflation for the week ended on May 26 for the combined consumption group, witnessed a decrease of 0.26 percent as compared to the previous week. The SPI for the week under review in the above mentioned group was recorded at 174.62 points against 175.08 points registered in the previous week, …

ISLAMABAD, May 28(ABC): Prime Minister Shehbaz Sharif has reiterated Pakistan s firm resolve to strengthen Pak-Japan bilateral cooperation in diverse fields including trade, education, Information Technology, climate change, and infrastructure. Talking to ambassador of Japan to Pakistan Mitsuhiro Wada in Islamabad on Friday, he invited new Japanese companies to avail the business friendly opportunities and invest in Pakistan. The Prime …

ISLAMABAD, May 27 (ABC): The Ministry of Industries and Production on Friday issued the notification of raise in the prices of flour bag as Price of 20 kilograms flour bag has been increased to Rs. 180 while there has been an increase of Rs. 90 in the 10 kilograms flour bag at the utility stores. Buying ability of the people …

ISLAMABAD, May 27(ABC): The price of 24 karat per tola gold witnessed an increase of Rs 100 and was sold at Rs 143,300 on Thursday against its sale at Rs 143,200 in the local market. The price of 10 gram 24 karat gold also increased by Rs.85 and was sold at Rs.122,756 compared to its sale at Rs 122,771 whereas that …

ISLAMABAD, May 27(ABC): Government will be increasing electricity prices by Rs. 7 to meet the demands on International Monetary Fund (IMF). According to sources privy to the matter, the hike of Rs. 7 in electricity prices would include an increase in basic tariff and fuel adjustment charges. The hike in power tariff will be applicable from July 1. Moreover, the …

ISLAMABAD, May 27(ABC): The Federal Board of Revenue (FBR) has been asked to fetch Rs7.2 trillion in taxes for the upcoming budget by the International Monetary Fund (IMF), with a target on personal income tax (PIT) and harmonisation of general sales tax (GST), reported Friday. A top official source confirmed the reports by saying that discussions are underway, with the …

ISLAMABAD, May 27(ABC): Finance Minister Miftah Ismail announced Thursday a massive hike in the price of petroleum products after the International Monetary Fund (IMF) emphasised abolishing the subsidies on commodities. In a press conference, the finance minister said the government has decided to hike the price of petrol, diesel, kerosene oil, and light diesel by Rs30, effectively from May 27. …

KARACHI, May 27(ABC): The US dollar on Friday plummeted by Rs3 against the Pakistani currency, sliding down to Rs199 in the interbank market. The downslide in the dollar’s value occurred after the government decided to remove petroleum subsidies in line with the conditions of the International Monetary Fund (IMF). The subsidy removal meant the government imposed a major hike in …

ISLAMABAD, May 26(ABC): The KSE 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Thursday, gaining 529.05 points, with a positive change of 1.26 percent, closing at 42,541.71 points against 42,012.66 points on the last working day. A total of 347,068,781 shares were traded during the day compared to the trade of 240,046,117 shares the previous day, …

KARACHI, May 26(ABC): Pakistan’s rupee hit a record low on Thursday of 202.50 in intraday trading against the US dollar, below the previous close of 201.92, after the failure of talks with the International Monetary Fund (IMF). Pakistan and the IMF have failed to reach a staff-level agreement for the revival of the $6 billion programme as the Fund emphasised …