Pakistan’s cotton output decreased by over 36 percent year-on-year (YoY), according to the latest fortnightly data released by the Pakistan… Read More
Oil Industry Has Lost Billions Due to Rupee Devaluation, Fuel Shortage Imminent: OCAC
The Oil Companies Advisory Council (OCAC) has highlighted the severe impact of the recent depreciation of the Pakistani Rupee and… Read More
Rupee Drops to Historic Low After Comments From Dar, PM Shehbaz Cause Market to Panic [Updated]
Dar-pegging has evolved into Dar-begging after the Finance Minister appealed to charitable organizations to raise $2 billion from overseas Pakistanis,… Read More
Pakistan’s Debt Servicing Costs Set to Soar to Rs. 5.2 Trillion
Debt servicing costs are projected to rise to an alarming level of Rs. 5.2 trillion in the current fiscal year… Read More
Rupee Crashes to New All-Time Low Against US Dollar After Bad News From IMF
Pakistani rupee (PKR) crashed to a new all-time low against the dollar today after the latest inflation estimates rattled markets,… Read More
Pakistan’s Textile Exports Decrease by 12% in January 2023
The country’s textile group exports declined to $1.36 billion in January as compared to $1.55 billion during the same period… Read More
Hidden Agenda? Govt Showers FBR Employees With Money and Benefits
While crisis and money issues plague the economy and inflict more pain on the poor, the Government of Pakistan has… Read More
IMF Demands Higher Electricity Prices Rejecting Pakistan’s Circular Debt Plan
The International Monetary Fund (IMF) is understandably unimpressed with Pakistan’s revised Rs. 952 billion ‘Circular Debt Management Plan’ (CDMP). The… Read More
IMF Predicts Pakistan’s Inflation to Be Much Higher in 2023
The International Monetary Fund (IMF) has revised upward the inflation rate for Pakistan, i. e, from 19.9 percent to 21… Read More
Gold Prices Reverse Decline After Pakistan’s Inflation Breaks 47-Year Record
Gold prices in Pakistan reversed yesterday’s losses today (Wednesday) after the Pakistani Rupee fell against the US Dollar in interbank… Read More
Rupee Falls Below 268 Against US Dollar Amid Tricky IMF Talks
Pakistani rupee (PKR) reversed yesterday’s gains against the dollar today as talks with the International Monetary Fund (IMF) intensify. It… Read More
Pakistan’s Inflation Breaks 47-Year Record in January 2023
Pakistan’s Consumer Price Index-based inflation increased to 27.6 percent on a year-on-year (YoY) basis in January 2023 as compared to… Read More
