The government issued an executive order to cut salaries. Executive Order of Deduction will be effective from July 2023. Acting President Sadiq Sanjrani issued an ordinance in this regard. The federal government on Tuesday announced increasing the salaries of Supreme Court judges. The government issued an executive order named as ‘Salary of Judges of Supreme … Read more
European stock markets jumped 0.7%, with London’s FTSE 100 adding 1.0% and Germany’s Xetra Dax gaining 0.2%. The Stoxx has seen weekly losses for four of the past five weeks. US stock and bond markets were closed for the Fourth of July holiday. European stock markets started the week on an upbeat note as traders … Read more
New homes costs in China rose at a somewhat quicker pace in June. A confidential study displayed on Friday，driven by a large number of strategy. Facilitating measures by little and medium-sized urban communities to invigorate request. China is discouraged property market has given a few indications of progress lately. Boost steps this year have essentially … Read more
The manufacturer of Cheerios saw its shares rise 5.5 percent on Wednesday Demand for its breakfast cereals, snack bars, and pet food remained stable. General Mills anticipates an increase in input costs of around 14% in fiscal 2023. General Mills attributed its quarterly earnings, which exceeded expectations, to higher pricing and warned it was prepared … Read more
Oil prices fall after the Federal Reserve raises interest rates. Data shows a build in U.S. crude stocks and distillate inventories, while gasoline posts drawdown. A stronger dollar makes oil more expensive for holders of other currencies, curtailing demand. Drivers around the world were tolerating record-high prices for road fuels, data showed. Oil costs fell … Read more
UberFacts says Snoop Dogg’s full-time blunt roller makes between $40,000 to $50,000 a year. The rapper tweeted that the worker’s salaries went up. In 2021, Snoop said he has 81 smoke breaks a day on Reddit. On Tuesday, the rapper tweeted that even his expert obtuse roller received a pay increase. “Expansion,” Snoop Dogg tweeted … Read more
The dollar climbed to 130.99 yen in early trade, a fresh one-month high. It is not far from last month’s 20-year peak of 131.34 yen after gaining 2.95% last week. The euro has also climbed on the Japanese currency and hit a seven-year high. The Japanese yen was on the back foot on Monday, in … Read more
KARACHI: The gold extended gains to reach an all-time high of Rs135,700/tola on Wednesday as the dollar topped at Rs190.02 against the local currency۔ Gold 24kt gained Rs1,300/tola and Rs1,115/10grammes in the local market to hit Rs135,700/tola and Rs116,341/10grammes, respectively۔ The precious metal recorded the previous high of Rs134,400/tola on May 10, as the local … Read more
ISLAMABAD: Leader of the Opposition in Senate Syed Yousaf Raza Gilani on Thursday said the entire nation was in a state of coma over sharp increase in petroleum product prices. Addressing the Senate session in Islamabad, Yousaf Gilani said people were already suffering from inflation and the government every other day kept increasing petrol and … Read more
ISLAMABAD: Pakistan Peoples Party (PPP) Vice-President Senator Sherry Rehman on Saturday said the government’s decision to increase electricity tariffs was worrying. “With an increase of Rs2 per unit, Rs290 billion will be collected from consumers. In the last three years, this government has increased electricity prices by more than 52 per cent, yet the circular … Read more
SAN FRANCISCO: Microsoft on Tuesday posted revenues of $51.7 billion, a 20 per cent increase on a year-on-year basis for the quarter ending December 31, 2021. The company’s quarterly net income was $18.8 billion, up by 21 per cent year-on-year. Its operating income was up 24 per cent to $22.2 billion. Revenues in productivity and … Read more
LAHORE: Pakistan Muslim League-N (PML-N) President Shehbaz Sharif on Thursday expressed reservation over possibility of increase in prices of petrol and diesel, Bol news reported. “After three days, the reports of increase in prices of the petroleum products up to Rs6 a liter is worrying. The reports are feared to give rise to stockpiling of … Read more
LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has welcomed the Punjab government’s decision to withdraw an increase in the property tax, a statement said. The Excise, Taxation and Narcotics Control Department has issued a notification, in this regard. LCCI president Mian Nauman Kabir, senior vice president Mian Rehman Aziz Chan and vice president … Read more
ISLAMABAD: The government plans to increase e-commerce trade volume up to $9 billion in the next two years by June 2023, an official said. There are already conflicting figures in Pakistan’s e-commerce trade; however, with the current trade of $4.5 billion, “we can take it up to $9 billion,” Special Assistant to the Prime Minister … Read more
CAIRO: Tesla will start production operations in Germany in December, Bloomberg reported, citing Automobilwoche. The California-based automaker will aim to produce 30,000 vehicles in Germany in the first half of 2022. Tesla had planned to begin production in Germany in July, but that date was postponed due to a failure to comply with environmental regulations. German local … Read more
ISLAMABAD: The exports of sports goods witnessed an increase of 20.73 percent during the first four months of the current financial year (2021-22) as compared to the exports of the corresponding period of last year. Pakistan exported sports goods worth $105.120 million during July-October (2021-22) against the exports of $87.070 million during July-October (2020-21), showing … Read more
PARIS: The head of the International Energy Agency on Wednesday called on Opec and its allies to take measures to help bring oil prices down to “reasonable levels”. “I very much hope to see in the next meeting or meetings they… make the necessary steps in order to comfort the global oil markets and help … Read more
LAHORE: Speakers at a workshop have stressed the need for increasing allocation for research, adopting modern technology and innovations and following international standards and certifications for boosting the agriculture sector in Pakistan. “Commercial attaché should promote our products in their respective markets to boost the agricultural exports and ensure prosperity of the country and the … Read more
KARACHI: The rupee recorded an increase of 49 paisa against the dollar at the opening of the interbank foreign exchange market on Tuesday. The dollar is being traded at Rs174.80. The exchange ended at Rs175.29 on Monday in the interbank foreign exchange market. Market analysts said that the news of government’s talks with the IMF, … Read more
DUBAI: China said that it would increase wind and solar power capacity to more than 1,200 gigawatts and increase non-fossil fuels to 25 per cent of the primary energy use, Arab News reported. A practical move in anticipation of COP26, where world leaders will discuss policies to fight climate change, China has begun building major wind and … Read more
ISLAMABAD: Pakistan’s information technology (IT) exports increased to $635 million in the first quarter of the current fiscal year 2021/22, a senior official said. In a tweet, Adviser to the Prime Minister on Commerce and Investment Abdul Razak Dawood said that Pakistan’s IT and IT-enabled services exports in the first quarter of FY 2021/22 increased … Read more
KARACHI: The headline or food inflation based on the Consumer Price Index (CPI) has increased 8.4 per cent on a year-on-year (YoY) basis in August 2021, compared with an increase of 8.4 per cent in the previous month and 8.2 per cent in August 2020, the Pakistan Bureau of Statistics (PBS) reported on Wednesday. On … Read more
BEIJING: The production of Pakistani honey has the potential to rise 10 times, a report released by the China-Pakistan Agricultural and Industrial Information Cooperation Platform (CAPIC) noted. In Pakistan, the honey industry has a favourable reputation and huge potential in making people’s life sweeter. Endowed with rich bee species and flower plants, Pakistan can and … Read more
GENEVA: The world’s leading scientists have projected that in the coming decades climate changes will increase in all regions, and there would be increasing heat waves, longer warm seasons and shorter cold seasons. According to the latest Intergovernmental Panel on Climate Change (IPCC) report released on Monday, climate change is also intensifying the water cycle, … Read more
KARACHI: The financial market participants are expecting no change in the key policy rate in the upcoming monetary policy statement, scheduled for July 27, 2021. In this regard, Topline Research conducted a poll of key financial market participants on the expectations over the monetary policy statement. A total of 62 participants took part in the … Read more
TARBELA: The power generation at Tarbela Dam on Monday reduced to 2,220MW, while the water level of the reservoir after a slight increase reached 1,464.58 feet, officials said. The Tarbela Dam officials said today the water inflow increased to 221,000 cusecs due to heavy downpour, while the outflow was 135,000 cusecs and the water level … Read more
The country’s gold price has risen further to an all-time high. According to the details, the price of gold continued to increase even today. The price of gold per tola has gone up by Rs 400 to Rs 119,400. [embedpost id=”50366″ slug=”gold-rates-today-gold-rate-in-pakistan-17-august-2020″] In addition, ten grams of gold has risen by Rs 343 to Rs … Read more
The value of the US Dollar has risen to Rs 169 in the open market. According to the details, after the increasing of the US Dollar in the open market, it has risen by 60 paise, after which the US Dollar has increased from Rs 168.40 to 169 rupees. [embedpost id=”50366″ slug=”latest-gold-rate-in-pakistan-10-august-2020″] The Forex dealers … Read more
