Pakistani Rupee Holds Steady Against U.S. Dollar at 280 in Interbank Market

Pakistani Rupee Holds Steady Against U.S. Dollar at 280 in Interbank Market

Karachi, April 3, 2025 – The Pakistani rupee remained stable against the U.S. dollar in the interbank market on Thursday, closing at the 280 level. Throughout the trading session, the local currency fluctuated slightly between 280 and 282 per dollar before settling at the lower end of the range by market close. Meanwhile, in the…

PM Shehbaz Sharif Announces Rs. 7.41 Per Unit Reduction in Electricity Prices

PM Shehbaz Sharif Announces Rs. 7.41 Per Unit Reduction in Electricity Prices

Islamabad, April 3, 2025 – Prime Minister Shehbaz Sharif has announced a significant reduction in electricity prices, providing much-needed relief to consumers across Pakistan. The electricity tariff has been slashed by Rs. 7.41 per unit, bringing the new rate down to Rs. 34.37 per unit. The announcement was made on Thursday as part of the…

President Donald Trump Imposes 29% Trade Tariff on Pakistan, Ending GSP Concessions

President Donald Trump Imposes 29% Trade Tariff on Pakistan, Ending GSP Concessions

Washington, April 3, 2025 – U.S. President Donald Trump has announced a sharp increase in trade tariffs on Pakistan, imposing a flat 29% duty on Pakistani imports. This marks a significant hike from the previous 4-5% concessionary rates that Pakistan enjoyed under the Generalized System of Preferences (GSP). The move is expected to have far-reaching…

Pakistan’s Inflation Slows to 0.7% in March 2025, Marking Sharp Decline from 2024

Pakistan’s Inflation Slows to 0.7% in March 2025, Marking Sharp Decline from 2024

Islamabad, April 3, 2025 – Pakistan’s Consumer Price Index (CPI)-based inflation recorded a sharp decline in March 2025, slowing to 0.7% year-on-year, according to data released by the Pakistan Bureau of Statistics (PBS). This marks a significant improvement compared to 1.5% inflation in February 2025 and a drastic drop from the 20.7% inflation rate recorded…

Lotte Chemical Pakistan Extends Plant Shutdown Until April 17

Lotte Chemical Pakistan Extends Plant Shutdown Until April 17

Karachi, April 3, 2025 – Lotte Chemical Pakistan Limited (PSX: LOTCHEM) has announced an extension of its plant shutdown, which will now remain suspended until April 17, 2025. The company made the disclosure in a notice to the Pakistan Stock Exchange (PSX) on Thursday, citing the need for further maintenance and operational adjustments. The shutdown…

Govt Pays Off Outstanding Dues to Nishat Chunian Power Ltd

Govt Pays Off Outstanding Dues to Nishat Chunian Power Ltd

Islamabad, April 3, 2025 – The Central Power Purchasing Agency (CPPA) has cleared outstanding dues owed to Nishat Chunian Power Limited (PSX: NCPL), bringing much-needed financial relief to the independent power producer (IPP). The company disclosed the development in a notification to the Pakistan Stock Exchange (PSX) on Thursday. The payment is part of the…

How to Get a NADRA Arms License Registration in Pakistan

How to Get a NADRA Arms License Registration in Pakistan

Owning a firearm in Pakistan requires obtaining a legal arms license issued by the National Database and Registration Authority (NADRA). The process ensures that only responsible individuals can possess and carry weapons, contributing to public safety. If you want to apply for a NADRA arms license, this guide will walk you through the entire process,…

2025ء کا عید سیل سیزن بدتر اور تباہ کن قرار

2025ء کا عید سیل سیزن بدتر اور تباہ کن قرار

لاہور، 3 اپریل 2025ء – پاکستان میں اس سال عید کے خریداری سیزن کو بدترین اور تباہ کن قرار دیا جا رہا ہے، کیونکہ مہنگائی کی شدت نے عوام کی قوتِ خرید کو شدید متاثر کیا ہے۔ بازاروں میں خریداری کا وہ روایتی جوش و خروش نظر نہیں آیا جو ماضی میں عید کے مواقع…

Mari Energies Discovers More Gas and Condensate in Khyber Pakhtunkhwa

Mari Energies Discovers More Gas and Condensate in Khyber Pakhtunkhwa

Islamabad, April 3, 2025 – Mari Energies Limited (PSX: MARI) has announced another significant gas and condensate discovery at the Spinwam-1 well in the Waziristan Block, Khyber Pakhtunkhwa (KP). This marks the company’s third successful discovery in the region, further strengthening Pakistan’s domestic energy resources. In a statement issued by Mari Energies, the company confirmed…