Europe has stockpiled enough fuel to last the winter season but poor countries like Pakistan will suffer as they find… Read More
Govt to Cap Foreign Currency Purchase to Bring Down US Dollar
The federal government has decided to limit foreign currency bought per person and limited outflow to $50,000 per year with… Read More
Poor Water Management Costs Pakistan $12 Billion Per Year
Poor water resource management is estimated to cost Pakistan $12 billion per annum (4 percent of GDP), with the degradation… Read More
Rupee Gains Further Against US Dollar, Falls Sharply Against Pound and Euro
The Pakistani Rupee (PKR) gained further against the US Dollar (USD) and posted gains during intraday trade today. It appreciated… Read More
IMF Wants Pakistan to Reverse Rs. 1.9 Trillion Agri and Electricity Subisidies
The International Monetary Fund (IMF) has grave misgivings about Pakistan’s recently announced Rs. 1.91 trillion agriculture and electricity subsidies and… Read More
Roshan Digital Accounts Record Lowest Inflows in Nearly 2 Years
Foreign exchange inflows through the Roshan Digital Accounts (RDAs) were recorded at a total of $5.3 billion by the end… Read More
Pakistan’s Waada Buys Rival Firm to Become Top Insurance Startup
Karachi-based online insurance startup Waada has acquired a rival company to become Pakistan’s largest insurance-tech startup, according the company’s official… Read More
Over Rs. 32 Billion of USF Funds Remain Unutilized
Funds of billions of rupees under the Universal Service Funds (USF), an entity responsible for providing telecom services in remote… Read More
Rupee Halts Losses Against US Dollar Amid Dirty Politics and Uncertainty
The Pakistani Rupee (PKR) halted losses against the US Dollar (USD) and posted marginal gains during intraday trade today. It… Read More
State Bank Allows Exchange Companies to Sell 20% Remittances
Exchange Companies (ECs) are now permitted to sell 20 percent of remittances sent by overseas Pakistanis to their customers in… Read More
Govt May Approve 17% GST on High-Octane to Fulfill IMF Demand
The Economic Coordination Committee (ECC) of the federal cabinet will meet today (4 November) to discuss and likely approve a… Read More
Cement Sales Fall by 18.4% in October
Pakistan’s cement sales declined by 18.46 percent in October 2022 as total cement sales during the month were recorded at… Read More
