Low-priced petrol scheme being worked out: Musadik Malik
Minister of State for Petroleum Musadik Malik on Wednesday said that a scheme to provide cheap petrol to lower-income groups...
Saudi Arabia Confirms $2 Billion Deposits to IMF
Rekindling expectations for an early signature of the accord, the International Monetary Fund (IMF) has informed Pakistan that it has...
Rupee touches new low, settles at 287.85 against US dollar
The Pakistani rupee hit a new record low on Wednesday amid ongoing political uncertainty and Islamabad’s inability to revive the...
Huawei plans smartphones’ re-entry
Smartphones made by Chinese technology giant Huawei are expected to re-enter the Pakistani market soon, company officials have said. At...
Industry Strongly Criticizes 100 Basis Points Increase in Interest Rate
The business community on Tuesday questioned the government's strategy of fighting inflation by jacking up lending rates, saying the move...
SBP hikes policy rate by 100bps to 21pc to rein in inflation
The State Bank of Pakistan (SBP) has decided to hike the policy rate by 100 basis points to 21 percent,...
Pakistan’s economic growth to remain lower in FY23, says ABD Report
The Asian Development Bank (ADB) has estimated Pakistan’s economic growth up to 2pc in the current ongoing FY2022-23, in the...
Pakistan’s exports fall 15pc for seventh month in a row
Pakistan's exports of goods decreased for the seventh consecutive month in March, falling 14.76% year over year to $2.36 billion,...
Intra-day update: rupee plunges to record low against US dollar
The Pakistani rupee registered a significant loss against the US dollar, depreciating nearly 1% during the early hours of trading...
Pakistan’s Cotton Production Hits 40-Year Low
The country has produced 34 percent less cotton this year as compared with the crop yield last season, reveals data...