Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb on Tuesday assured support to the Khyber Pakhtunkhwa government on National Finance Commission (NFC) releases and related fiscal matters during a meeting with KP Chief Minister’s Adviser for Finance Muzamil Aslam. Senior officials from the Finance Division and the Khyber Pakhtunkhwa government also attended the meeting, a news
Chairman of the Exchange Companies Association of Pakistan (ECAP), Malik Muhammad Boston has said that Pakistan needs industrial development, and the government should install plants within the country for goods that are currently imported. Welcomed the new incentive package announced by Prime Minister of Pakistan Mian Shehbaz Sharif for the export industry, said that with the reduction in the
The US dollar was steady on Wednesday as investors remained cautious after a partial government shutdown swiftly ended while the yen wobbled near a two-week low ahead of what is shaping up to be an unpredictable, opens new tab national election over the weekend. The currency markets were still digesting Kevin Warsh’s nomination by US President Donald Trump as the next Federal Reserve chief, wit
Gold prices extended gains on Wednesday on safe-haven appeal, as renewed geopolitical tensions between the US and Iran added to the yellow metal’s recent upswing that saw it mark its best day since 2008 in the previous session. Spot gold gained 2.7% to $5,071.79 per ounce as of 0353 GMT, after surging 5.9% on Tuesday, its biggest daily gain since November 2008. Bullion scaled a record high o
Oil prices extended gains on Wednesday after the US shot down an Iranian drone and armed Iranian boats approached a US-flagged vessel in the Strait of Hormuz, rekindling fears of an escalation in tensions between Washington and Tehran. Brent crude futures were up 56 cents, or 0.8%, at $67.89 per barrel at 0400 GMT. US West Texas Intermediate crude was up 63 cents, or 1.0%, at $63.84 per barr