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Pakistan's Premier News Translation Agency
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Economy

Today’s Gold Prices

Islamabad, 3 February 2023 (GNP): The price of gold (24 carats) climbed by Rs 3,500 per tola and Rps 3,000 per 10 kilos to settle at Rps 205,000 and Rps 175,754, respectively, according to data issued by the All-Pakistan Sarafa Gems and…

Toyota shuts down temporarily

Islamabad, 3 February 2023 (GNP): The manufacturer of Toyota automobiles, Indus Motor Company (IMC), has decided to shut down all operations at its Pakistani manufacturing facility from February 1 through February 14 due to an inventory…

Pakistan’s Inflation rate all time high

Islamabad, 2 February 2023 (GNP): Owing to record-breaking currency depreciation, higher taxes, and rising electricity prices, Pakistan is experiencing its highest level of inflation. This is largely due to a double-digit increase in the…

UK, only G7 economy to decline in 2023

London, 31 January 2023 (GNP): The IMF did add, though, that it currently believes the UK economy is "on track" following the Autumn Statement. The UK did better than many expectations last year, according to Chancellor Jeremy Hunt. Instead…

Latest dollar to Pakistani rupee rate

Islamabad, 30 January 2023 (GNP): The Pakistani rupee rate dropped by Rps 6.5 to the dollar (2.32%) in today's interbank market activity, reaching a new record low of Rps 270. In an effort to persuade International Monetary Fund (IMF)…

Petrol rate update: new price hike

Islamabad, 30 January 2023 (GNP): Ishaq Dar, the finance minister of Pakistan, in a recent conference, announced that the federal government has raised the cost of gasoline and fuel by Rupees 35. Following the elimination of the informal…

Foreign credit influxes decline

Islamabad, 28 January 2023 (GNP): Due to its tardiness in making a decision over restarting the International Monetary Fund (IMF) loan programme, Pakistan received only $5.6 billion in foreign loans during the first half of the current…

Gold Prices exceed rupees 200,000

Islamabad, 28 January 2023 (GNP): Following the rupee's freefall against the US dollar on Friday, gold prices exceeded Rs200,000 per tola (11.66 grams) for the first time in Pakistani history. However, because real buyers have left the…

Pakistan to pay $500m in debt

Islamabad, 25 January 2023 (GNP): With the lack of clarity over dates for the visit of the International Monetary Fund, Pakistan is bound to a $500 million amount as debt repayment to a Chinese commercial bank within 72 hours. This action…

Pak Suzuki hikes car prices

Karachi, 25 January 2023 (GNP): Pak Suzuki Motor Company (PSMC) has announced to increase in its car prices between the range of Rs115,000 and Rs355,000 in light of economic and political downturns and high production costs. The news comes…

OGRA negates reports of petrol shortage

Islamabad, 24 January 2023 (GNP): The spokesperson of OGRA said in a statement:" Ogra strongly rebuts the speculations on petrol/diesel shortages. Furthermore, ships carrying 101,000 metric tonnes petrol are at berth/outer anchorage. The…

Rupee falls against Dollar

Islamabad, 21 January 2023 (GNP): According to Pakistan Stock Exchange (PSE), the Pakistani rupee dropped by Rps 0.52 (0.23%) to a three and half-month low at Rs229.67 against the US dollar in the interbank market. Also Read: Major…

Pakistan to import oil from Russia

Islamabad, 21 January 2023 (GNP): After the end of the annual inter-governmental commission between Russia and Pakistan, it was agreed that Russia will export crude oil to Pakistan starting from March this year. The news was confirmed by…

Government might increase petrol prices

Islamabad, 14 January 2023 (GNP): According to Pakistan Petroleum Division, the price of petrol is expected to increase by Rupees 8.98 per liter while the price of high-speed diesel (HSD) may rise by Rupees 1.06 per liter in the coming…

Gold rate in Pakistan

Islamabad, 14 January 2023 (GNP): According to the stats revealed by All Pakistan Sarafa Gems and Jewellers Association, the price of gold rose by Rupees 500 per 1 tola on Thursday, 12 January to set at Rupees 186,100 today. Similarly, the…

PM Shahbaz Sharif warns wheat hoarders

Karachi, 12 January 2023 (GNP): Pakistan's PM Shahbaz Sharif has warned all business persons and individual hoarders who have created an artificial wheat shortage in the market. He announced in a meeting on Monday that the federal…

Diamond Foam to shutdown in Pakistan

Karachi, 12 January 2023 (GNP): Diamond Industries Limited, the oldest foam producer in Pakistan has announced to temporarily suspend its production due to a shortage of raw materials. This decision came into effect yesterday on 10th…

European Union aids Pakistan

Islamabad, 11 December 2023 (GNP): According to a press release issued by the European Union on Monday, January 9, 2023, , three agreements were signed by Dr. Kazim Niaz, Secretary Ministry of Economic Affairs Division, and Dr. Riina Kionka…

OGRA allows hike in gas prices

Islamabad, 11 January 2023 (GNP): Oil and Gas Regulatory Authority of Pakistan (OGRA) has allowed Sui Southern Gas Company Limited (SSGCL) and Sui Northern Gas Pipelines Limited (SNGPL), two major gas-providing companies, to inflate gas…

Millat Tractors to Shutdown in Pakistan

Islamabad, 6 January 2023 (GNP): Millat Tractors, the biggest tractor producer in Pakistan has decided to cease its operations in the country from 6th January onwards, due to a cash flow crisis and low demand. The news comes after major…

Pakistani Rupee All Time Low

Islamabad, 4 January 2023 (GNP): According to reports, the Pakistani rupee fell in value on the first working day of 2023 by 0.22 (Rps 0.51) to a three month low at Rs226.94 against the US dollar in the inter-bank market on Tuesday. The…

Japan COVID-19 Death Toll On Rise Again

Tokyo, 28 December 2022 (GNP): After the end of COVID-19's Omicron pandemic wave, the new BF.7 variant has affected every country, with Japan experiencing 415 deaths today from COVID-19. Despite the new BA.7 variant, BA.5 COVID variant…

Today’s Gold Rate In Pakistan

Islamabad, 27th December 2022 (GNP): An abnormal rise in gold prices in Pakistan has been recorded and observed. According to the All Pakistan Sarafa Gems and Jewellers Association, the price of gold per tola started to rise this week on…

Japan’s Inflation At Highest

Tokyo, 27 December 2022 (GNP): According to sources, Japan's latest inflation rate has been revealed and financial experts of japan deem this to be the highest inflation rate in the economy since 1981. Consumer prices (excluding volatile…

EU, ASEAN meet for first Summit

Brussels, 15 December 2022 (GNP/ TDI): The European Union (EU) and the Association of Southeast Asian Nations (ASEAN) meet for their first Summit today to deepen economic ties. The Summit celebrates 45 years of diplomatic relations…

Vietnam’s Circular Economy Hub

The application “ Vietnam’s circular economy hub “ was discussed in online and live workshops which were attended by more than 200 people from different businesses and other organizations of Vietnam. 
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