Business

PIA fears massive losses as EU, UK ban flights
Business

PIA fears massive losses as EU, UK ban flights

Islamabad: Already embattled Pakistan International Airlines (PIA) is likely to suffers losses of upto Rs33 billion following a ban imposed by European Union Air Safety Agency (EASA) and the UK on its flights over security concerns due to an issue of pilots’ dubious licenses.

Weekly inflation increases by 2.29 percent

Islamabad: Pakistan witnessed an increase of 2.29 percent in the country's inflation rate within a week. ...

Pakistan’s forex reserves surge to $17.97 billion

Karachi: The net reserves of State Bank of Pakistan (SBP) witnessed a surge of $1.27 billion to reach $11.23 billion during the week ended on Thursday, said an official statement. ...

Rupee strengthens as dollar falls by Rs1.17

Karachi: The dollar has dropped Rs1.17 in the interbank market and closed at Rs166.88 from its previous level of Rs168.05. ...

Privatization of PIA’s Roosevelt Hotel in New York stopped

Islamabad: Cabinet Committee on Privatization (CCoP) on Thursday decided against the selling of Pakistan International Airlines-owned Roosevelt Hotel in New York, US. ...

Hafeez Shaikh to chair ECC meeting tomorrow

Islamabad: A meeting of the Economic Coordination Committee (ECC) of the Cabinet will be held in Islamabad tomorrow, GNN reported. ...

Govt likely to decrease petroleum prices after backlash on massive hike

Islamabad: The federal government has decided to reduce the prices of petroleum products days after it approved massive surge inviting public wrath, GNN reported. ...

National Assembly approves budget for fiscal year 2020-21

Islamabad: The National Assembly of Pakistan has approved the federal budget presented for the fiscal year 2020-2021 in its session today held in Islamabad. ...

Budget 2020 unanimously rejected by opposition

Islamabad: All the major opposition parties of Pakistan on Sunday unanimously rejected Budget 2020 presented by the federal government. ...