Deputy Prime Minister and Foreign Minister Ishaq Dar on Saturday said “much progress” has been made to resume Pakistan International Airlines’ (PIA) flights to and from the United Kingdom, where he is on an official visit this week. In 2020, the revelation of pilots holding “dubious” licences prompted the United Kingdom Civil Aviation Authority to
A disruption in the connectivity of various banks with 1LINK — the consortium that operate the largest representative of interbank network in Pakistan — caused immense difficulties for the customers on Monday to withdraw cash from the automated teller machines (ATMs). The disruption resulted in a blockade targeting the cash withdrawal from the ATMs affecting
The government on Saturday announced massive hike in Liquefied Petroleum Gas (LPG) prices for September 2024, impacting households across the country. According to the notification, the price of LPG has been increased by Rs 6.99 per kilogram, leading to an increase of Rs 82.54 for a standard domestic cylinder. The new pricing structure sets the
A shocking case of money laundering has been uncovered by the Federal Board of Revenue (FBR) under the guise of solar panel imports, with an extensive over-invoicing amounting to Rs69.5 billion between 2017 and 2022. The FBR’s detailed report on the matter reveals the involvement of two major companies that allegedly funnelled a staggering Rs72.83
Pakistan’s current account deficit witnessed a sharp decline in July 2024, though it did not achieve a surplus. According to the current account statistics released by the State Bank of Pakistan (SBP), the country faced a current account deficit of $162 million in the first month of the current financial year. This figure represents a
The Punjab government directed on Sunday major electricity distribution companies to implement a Rs14 per unit reduction in electricity bills. This relief, applicable to consumers using between 201 and 500 units, will cover bills for August and September. A spokesperson for the Chief Minister of Punjab announced that on the instructions of Chief Minister Maryam Nawaz, official
The price of eggs in Lahore and other cities of Punjab saw yet another increase on Saturday, August 17, while the cost of chicken meat remained stable. According to the latest rate list issued by the District Commissioner’s office, the per dozen price of eggs surged by Rs3, bringing the total to Rs293 in the
The Federal Board of Revenue (FBR) has clarified that there will be no tax imposed on the prize money given to national athlete Arshad Nadeem for his historic achievements, in response to rumors. Arshad, the gold medalist for Pakistan in the Paris Olympics, set a new record by breaking a 118-year old Olympic record, bringing
The buying rate for Saudi Arabia Riyal (SAR) in Pakistan stands at Rs73.60, while the selling rate is Rs74.32 on Wednesday in the open market. SAR TO PKR RATE – 24 JULY 2024Date Latest Exchange Rate CHANGEJuly 24, 2024 Rs. 73.60 0July 23, 2024 Rs. 73.60The Saudi Riyal, abbreviated as SAR or SR, is the
After registering a decrease in the previous session, gold prices in Pakistan surged on Wednesday, reflecting the uptick in international rates. The price of gold per tola climbed by Rs2,300, bringing it to Rs252,800, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). In the local market, the price of 10-gram gold rose by