Finance
Govt decides to Abolishes Vacant Posts Under New Austerity Measures
The Federal Government has released austerity measures for the upcoming financial year, as well as an Austerity Committee to oversee...
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ECC okays major hike in gas prices
On Thursday, the Economic Coordination Committee (ECC) of the Cabinet approved an up to 335 percent increase in consumer-end gas...
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SBP jacks up interest rate to 15%
On Thursday, Pakistan's central bank raised its key policy rate by 125 basis points to 15% in order to control...
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NEPRA okays Rs7.90 per unit hike in power tariff
The National Electric Power Regulatory Authority (NEPRA) approved a hike in power tariff by Rs7.90 per unit on Thursday. The...
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Pakistan’s Textile industry loses $1 billion export orders
The All Pakistan Textile Mills Association (Aptma) Chairman Abdul Rahim Nasir has urged the federal government to restore gas supply...
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Pakistan’s Gas and Oil Production Declines in FY22
Pakistan's oil production fell by 3 percent in the fiscal year ending 2022, to 26.8 million barrels or 73,400 barrels...
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Army budget reduced to pave way for IMF deal
Army budget reduced to pave way for IMF deal. Pakistan has reduced the armed forces development program by Rs72 billion,...
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Market expects 100-150bps hike in interest rate
It is expected by the financial market that the interest rate will be increased by 100 to 150 basis points,...
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PKR depreciates by Rs2.38 in interbank
The rupee depreciated against the US dollar on Tuesday, falling by Rs2.38 in the interbank market. The State Bank of...
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Pakistan’s microfinance institution launches term finance certificates of $4.9 million
On Monday, a Pakistani microfinance institution announced the successful launch of term finance certificates (TFC) amounting to Rs1 billion ($4.9...
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