Business
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Prices Of Petrol Increase Before Ramadan
ISLAMABAD: The government of Pakistan has increased the price of petrol just days before Ramadan, raising it to Rs272 per…
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World Bank Economist Suggests Ways to Fix Pakistan’s Economy
Islamabad: The World Bank has urged Pakistan to end the annual subsidies of Rs340 billion that benefit the wealthy, as…
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IMF deal uncertainty causes rupee to decline
IMF’s new demands weigh on Pakistani rupee. The Pakistani rupee faced a significant drop during Wednesday’s trade as the market…
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Resolve travel agency issues, says Yahya Polani
Chairman of the Travel Agents Association of Pakistan Yahya Polani spoke at a joint press conference held in Karachi by…
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Govt slashes petrol price by Rs5 per litre
Petrol Price Decreased by Rs5 per Litre for the Next Fortnight by Govt. The federal government has announced a decrease…
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Pakistan’s juice maker draws international clients
Pakistan’s Iftikhar Ahmed & Company (IAC), a leading fresh juice and pulp producing company, has attracted international clients at the…
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Rupee Reaches One-Month High Against USD
Friday was the third day in a row that the Pakistani currency kept going up, and it recovered to around…
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Builders Lament Hike in Raw Material Prices
Due to the current economic crisis and restrictions on the import of raw steel materials, the price of steel rebar…
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NEPRA team visits K-Electric for review
On February 23, 2023, K-Electric (KE) hosted a visit from senior officials of the National Electric Power Regulatory Authority (NEPRA),…
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Pakistan’s Weekly Inflation Jumps to 41.54% in Five Months
Pakistan’s weekly inflation, measured by the Sensitive Price Indicator (SPI), has jumped to 41.54% on a year-on-year basis for the…
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Unfair Cigarette Tax May Fuel Illegal Sales
The unfair tax on the cigarette industry by the federal government will incline users towards illegal cigarettes. The recent increase…
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Rupee’s Winning Streak of Five Days Comes To An End
The Pakistani rupee had been going up for five days in a row, but on Tuesday, it lost 0.24% on…
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China Approves $700M Facility for Pakistan to Boost Forex Reserves
Pakistan received a significant boost to its foreign exchange reserves after the China Development Bank approved a $700 million loan…
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Fuel Crisis in Pak, Alarming for Energy Security
In various regions of Pakistan, there has been a recent report of a fuel shortage that has caused inconvenience to…
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Pakistan in Talks with IMF to Boost Reserves and Tighten Monetary Policy
State Bank of Pakistan (SBP) and the International Monetary Fund (IMF) held a round of talks to discuss the possibility…
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NBP and SLIC ink MoU to provide financial and insurance solutions together
National Bank of Pakistan and State Life Insurance Corporation have signed a memorandum of understanding for mutual financial solutions. The…
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IMF demands hike in GST, cigarette duty hiked by 1%
Government of Pakistan Introduces New Tax Measures to Appease IMF. In an effort to revive its bailout program, the Shehbaz…
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Interbank rupee gains momentum against dollar
The Pakistani rupee gained ground against the US dollar in interbank trading on Tuesday, rising by Rs2.59 to be quoted…
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Possible Rs20 Increase in Petrol Price from Feb 16
Pakistan may experience another significant surge in petrol prices in the upcoming fuel price review on February 15, 2023, with…
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IMF virtual talks prelude: subsidies end, power tariffs hike approves by Cabinet
The Federal Cabinet has approved a new policy that aims to increase power tariffs and eliminate subsidies. This decision comes…
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Govt to Impose Rs 170 Billion In Taxes to Revive Loan Program
Pakistan’s Finance Minister, Ishaq Dar, announced that the country’s recent talks with the International Monetary Fund (IMF) have ended “positively”…
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U.S. Dollar Hits Rs276.58 Record High, Pak Rupee Falls
Pakistan’s currency hit a new historic low as the US dollar closed at Rs276.58 in the interbank market on Friday.…
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Govt dues on incremental units of 7 billion will be paid, Tauseef Farooqui
Karachi: Chairman of National Electric Power Regulatory Authority (NEPRA) Tauseef Farooqui has said that Rs.7 billion of incremental units Govt…
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