LONDON/MOSCOW: Eight Organization of Oil Producing Countries (OPEC)+ countries have agreed in principle to maintain a planned pause in their oil output hikes for March, according to three OPEC+ sources and a draft statement seen by Reuters ahead of their Sunday meeting. The countries had agreed the pause in output hikes for the first quarter…
As of January 31, 2026, the Canadian Dollar (CAD) has seen a steady rise against the Pakistani Rupee (PKR), with the interbank exchange rate settling at approximately 206.43. For the vibrant Pakistani community across Canada—from Mississauga to Calgary—this marks a month of favorable movement for sending money home. The “Loonie” began the month at 203.74,…
ISLAMABAD: World Bank (WB) President Ajay Banga has arrived in Pakistan on an important visit aimed at strengthening the 10-year country partnership with Pakistan, ARY News reported on Sunday, citing sources. According to the programme shared by sources, President Banga is scheduled to remain in the country until 4 February and will hold meetings with…
ISLAMABAD: The government has decided to keep petrol prices unchanged as it announced the fortnightly petroleum rates for February, Beyond the Time News reported. However, the government has increased diesel prices by Rs 11.30 per litre. Following this hike, the price of diesel has climbed to Rs 268.38. Meanwhile, petrol prices for the month of…
ISLAMABAD:The Rwanda High Commission in Pakistan successfully hosted the first-ever Rwanda Coffee Festival in Islamabad, promoting Rwanda’s specialty Arabica coffee and strengthening trade, investment, and cultural cooperation between Rwanda and Pakistan. The session opened with welcome remarks by H.E HARERIMANA Fatou, Rwanda High Commissioner to Pakistan welcoming the delegates from Rwanda and all Participants to…
ISLAMABAD:On the instructions of Chairman Federal Board of Revenue (FBR) Rashid Mahmood Langrial, the Taxpayers’ Services Wing (TPS) of FBR on Friday conducted a comprehensive tax awareness outreach session for the Islamabad Women Chamber of Commerce and Industry (IWCCI) at FPCCI, with participation of women chambers from across the country. The session, held under the…
KARACHI: Gold and silver prices witnessed a sharp decline for the second consecutive day in Pakistan on Saturday, January 31, in line with a steep fall in the international bullion market, according to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA). The price of 24-karat gold per tola dropped by Rs25,500 to Rs511,862, marking…
FAISALABAD:Faisalabad Chamber of Commerce & Industry (FCCI) President Farooq Yousaf Sheikh has welcomed Pakistan International Airlines’ (PIA) decision to launch a third weekly flight on Faisalabad-Karachi route from February 08 and urged the exporters to fully benefit from this improved air connectivity. In a statement here on Friday, he said that previously only two flights…
Shares of the technology company Oracle have dropped by over 50% from the record high set last year. This sharp decline comes as investors sell the stock, driven by concerns about the artificial intelligence (AI) market and Oracle’s relationship with OpenAI, according to a report by Bloomberg News on Thursday. The downturn obliterated around $463…
ISLAMABAD: Federal Minister for the Board of Investment (BOI), Qaiser Ahmed Sheikh, held a meeting with a delegation from Silkway Impex (Pvt.) Ltd. and a high-level Chinese Belt and Road Initiative (BRI) delegation to discuss enhanced bilateral investment cooperation between Pakistan and China. The Chinese delegation was led by Deng Yubin, Head of BRI for…