The Ministry of Energy (MoE) wants Rs. 1.54 trillion in power subsidies for the fiscal year (FY) 2023-24 with the… Read More
Pakistan Faces $3.7 Billion Debt Payments From May Onwards: Fitch Ratings
Pakistan faces $3.7 billion of debt payments starting this month, Fitch Ratings said, putting pressure on the government to convince… Read More
Customs Seizes Cigarettes, Gutka and Shisha Flavors Worth Rs. 754 Million
The anti-smuggling operations of the Directorate General of Intelligence & Investigation- Customs have resulted in the seizure of essential commodities,… Read More
Rupee Gains Further Ground Against US Dollar 2nd Day in a Row
The Pakistani rupee (PKR) gained further ground and posted gains against the US Dollar today. The Pakistani rupee was initially… Read More
Pakistan Manufactured 2.81 Million Mobile Phones in First 3 Months of 2023
Local manufacturing plants have manufactured/assembled 2.81 million mobile handsets during the first three months (January-March) of 2023 compared to 0.27… Read More
IMF Forbids Pakistan From Giving Subsidies Without Permission
The International Monetary Fund (IMF) has made it clear to Pakistan that it will not provide any additional subsidies without… Read More
IMF Wants Pakistan to Further Increase Interest Rates to Fight Inflation
The International Monetary Fund (IMF) wants Pakistan to further jack up interest rates to bring down inflation. The lender in… Read More
Rupee Rebounds Against US Dollar But Loses Big Against GBP, Euro
The Pakistani rupee (PKR) reversed losses and posted gains against the US Dollar today. The Pakistani rupee was largely stable… Read More
Essential Commodities Become Unaffordable as Inflation Grips Pakistan
While companies and industries in the urban space are perched between multi-decade highs of inflation and unemployment, Pakistan’s rural sector… Read More
Pakistan’s Textile Exports Down by 28.7% in April
Pakistan’s textile group exports declined by 14.2 percent during the first 10 months (July-April) of the current fiscal year 2022-23… Read More
PSO, Shell and Attock Suffer as Petroleum Sales Take a Massive Dip
Pakistan’s petroleum sales witnessed a significant decline of 46 percent on a year-over-year (YoY) basis and stood at 1.17 million… Read More
Govt Hikes LPG Prices by Rs. 4.89 to 233.89 Per Kg
Gas sellers are now selling Liquefied Petroleum Gas (LPG) at jacked-up rates after the government on Tuesday notified an Rs.… Read More
