Udhaar Book, a Karachi-based startup, has received $6 million in seed funding to digitize mom-and-pop stores that previously ran their… Read More
ECC Okays Yet Another Hike in Power Tariff to Recover Outstanding Dues
The government has decided to recover the outstanding Rs. 17.15 billion in fuel price adjustments (FCA) from power consumers, allowing… Read More
Cement Sales Plunge by 9.07% in October
Cement sales declined in the first four months of the ongoing fiscal year despite the increase in domestic sales as… Read More
Sugar Prices Break All Previous Records in Pakistan
Sugar prices have skyrocketed as wholesale rates touch Rs. 150 per kilogram and retail rates reach Rs. 160 per kilogram… Read More
UK Approves Merck’s Oral Drug for Treating COVID-19
The United Kingdom has approved its first orally administered, antiviral drug to treat people with moderate and severe symptoms of… Read More
Pakistan Secures Multi-million Dollar Murabaha Financing for Petroleum Imports
Pakistan has arranged $761.5 million in Murabaha financing from the International Islamic Trade Finance Corporation (ITFC) to import petroleum products… Read More
Pakistan’s Cotton Production Almost Doubles Due to Timely Rains
Pakistan’s cotton output has soared up to 6.2 million bales in the current season (June-Nov), a surge of 81 percent… Read More
Govt Scrambles to Secure LNG Cargoes to Avoid Shortfall
The government has urgently issued fresh tenders to meet the peak LNG demand in winter as two suppliers chose to… Read More
Monthly Petroleum Sales in October Up by 17% YoY to 1.99 Million Tons
Pakistan’s monthly petroleum consumption surged to an all-time high in October 2021, second only to the monthly sales of May… Read More
Pakistan’s Trade Deficit Doubled in First Four Months of FY 2022: Pakistan Bureau of Statistics
In the first four months (July-Oct) of FY22, Pakistan’s import expenditure more than doubled primarily due to investment-related imports. Exports… Read More
Privatization of Two RLNG-based Power Plants Hits a Snag Due to Circular Debt
In pursuit of meeting IMF’s requirement, the government is struggling to privatize two RLNG-based power plants due to pandemic and… Read More
Here is How Petrol Prices Are Calculated in Pakistan
As the prices of petroleum products are expected to jack up to a historic high, there is a lot of… Read More