Economy
Flour price fixed at Rs127/kg
Karachi, November 03, 2023 : The retail price of flour has been fixed at Rs127 per kg in Karachi. The development comes after the successful negotiations between Karachi Commissioner Salim Rajput and the flour mills association. In the meeting, the mills association agreed to sell the flour at Rs127 in the retail market and Rs120…
Petrol, diesel prices kept unchanged
Islamabad, November 01 , 2023 : The government kept unchanged the prices of petrol and high speed diesel at Rs283.38 per liter and Rs303.18 per liter respectively for next fortnight. “The government of Pakistan has decided to maintain the current prices of petrol and High Speed Diesel (HSD) during the next fortnight,” finance ministry said…
New gas tariff to be effective from Nov 1; Petroleum Division clarifies
Islamabad, November 01 , 2023 : The Petroleum Division (PD) of the Energy Ministry on Wednesday rejected a news item appearing in a section of media about the effectiveness of the new gas tariff from back date, clarifying that the revised prices would be applicable from November 1, 2023. “Reports in some newspapers claiming that…
SBP maintains interest rate at 22pc
Karachi, October 30, 2023: The State Bank of Pakistan (SBP) on Monday decided to maintain its benchmark interest rate – the cost of bank lending – at 22 percent. At its meeting today, the SBP’s Monetary Policy Committee (MPC), decided to maintain the policy rate at 22 percent. In a recent meeting, the Monetary Policy…
Pakistan inks agreement with Russia to import oil: Ali
Islamabad, October 27, 2023 :Caretaker Minister for Energy Muhammad Ali on Thursday said that Pakistan had inked an agreement with Russia to import oil. According to the agreement Pakistan will import oil from Russia at 60 dollars per barrel, he said while talking to a private television channel. ARMCO is also interested in establishing a…