[ad_1] A representational image of an electricity meter. — Reuters/FileGovt hopeful all Chinese matured loans would be re-financed soon.Pakistan eyes to get re-financing of Chinese loans up to $2bn by first week of March.Dire need to undertake much-delayed reforms in power sector: IMF.ISLAMABAD: The International Monetary Fund (IMF) asked Pakistan to swallow another bitter pill by slapping a power surcharge of approximately Rs3 per unit on consumers for recovery of piled markup on the Power Holding Company, The News reported Wednesday. A government official, on the issue of re-financing of re-financing a loan of $700 million from China Development Bank (CDB), said that they…
Author: Web Desk
[ad_1] A State Department contractor adjusts a Pakistan national flag before a meeting between U.S. Secretary of State John Kerry and Pakistan’s Interior Minister Chaudhry Nisar Ali Khan on the sidelines of the White House Summit on Countering Violent Extremism at the State Department in Washington February 19, 2015. — ReutersCommerce minister says meeting would strengthen strained ties. Says Pakistan looking to increase its exports of mangoes to US. Says it could help boost bilateral trade in goods, services.WASHINGTON: Pakistan is looking for breakthroughs in agriculture and information technology during the first ministerial-level meeting of a US-Pakistani trade and investment body in…
[ad_1] Dar expresses resolve to take country out of economic issues.Rothschild’s delegation calls upon him, supports govt policies. Dar thanks visitors for their positive intentions for the county. Finance Minister Ishaq Dar said the government was steering the economy of the country towards stability and growth. He added that the government is committed to completing the IMF programme and fulfilling all international obligations.He said this while talking to a delegation of Rothschild & Co comprising Eric Lalo, Partner and Thibaud Fourcade, Managing Director in Islamabad on February 21.The delegation briefed the Finance Minister about their company’s profile and the financial…
[ad_1] An undated image of Yamaha motorbike. — Twitter/@YamahaMotorPkFollowing an increase in the general sales tax, one of the players in the two-wheeler segment in Pakistan — Yamaha Motor — also notified an increase in the rates of its motorcycles.It should be noted that this is the second time the company has increased rates since the start of 2023, as the two-wheel maker increased motorcycle prices between the range of Rs3,000 to Rs3,500.The new rates came into effect on February 21 (Tuesday).Following are the new retail selling price (ex-factory):ModelRetail price (exclusive of sales tax)Sales tax — 18%Retail price (inclusive of sales tax)Previous…
[ad_1] An undated image of gold jewellery was displayed at the store. — AFP/FileGold price settles at Rs197,000 per tola.Cumulatively, it gains Rs3,800 per tola in last three sessions.Bargain hunters take advantage of recent losses.Gold prices extended gains on Tuesday near a one-week peak hit in the last week, buoyed by a weaker rupee, while investors looked forward to economic developments that could influence the market direction.Data released by the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA) showed that the price of gold (24 carats) increased by Rs500 per tola and Rs429 per 10 grams to settle at Rs197,000 and…
[ad_1] An undated image of gold jewellery was displayed at the store. — AFP/FileGold price in Pakistan extended gains to a third session on Tuesday boosted by a weaker rupee — which snapped its five-day long winning streak against the US dollar in the interbank market.Data released by the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA) showed that the price of gold (24 carats) increased by Rs500 per tola and Rs429 per 10 grams to settle at Rs197,000 and Rs168,896, respectively.More to follow… [ad_2] www.geo.tv
[ad_1] An undated image of a currency dealer counting Rs500 notes. — AFP/FileRupee settles at 262.51 per dollar in interbank market.Local unit closes open market trade at 269.Pakistan’s REER index fall to 92.8 in January.The Pakistani rupee snapped its five-day-long winning streak on Tuesday as the local currency shed 0.24% in the interbank market.The local unit settled the day at 262.51 against the US dollar in the interbank market after a decline of Rs0.63 compared to Monday’s close of 261.88.The last cycle of currency devaluation pushed Pakistan’s real effective exchange rate (REER) to 92.8 in January 2023 from 96.2 a…
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