Economy
Advance purchases, petroleum levy blamed for higher fuel prices
The Senate Standing Committee on Petroleum was informed on Tuesday that advance purchases and imposition of the petroleum development levy...
Read moreDetails
Startup raises $2.1m investment
A financial startup has launched Pakistan’s first digital wealth management company, as it won the mandatory regulatory approvals and raised...
Read moreDetails
Oil firms ask SBP to review merchant rate
The oil industry has asked the State Bank of Pakistan (SBP) to review the merchant discount rate on fuel purchases...
Read moreDetails
Pakistan Secures $4bn from Qatar, Saudi Arabia And UAE; State Bank Governor
In order to slow the economy and manage inflation, the State Bank of Pakistan (SBP) kept its policy rate at...
Read moreDetails
Government softens stance on import restrictions
On Monday the federal cabinet approved the imposition of up to 100% regulatory duty on nearly 800 tariff lines for...
Read moreDetails
Qatar to give $2bn to Pakistan in Bilateral Support to ease Pakistan’s Funding Crunch
In order to help ease Pakistan’s funding crunch and consequent risk of default, Qatar is expected to give Islamabad funds...
Read moreDetails
Pakistan Makes a Record Earning of $2615 Million From IT Service Exports in 2021-22
During the 12 months of fiscal year 2021–2022, Pakistan made $2,615.815 million by offering various information technology (IT) services in...
Read moreDetails
Export strategy for 10 priority sectors unveiled
The National Priority Sectors Export Strategy (NPSES), which focuses on 10 priority sectors to achieve development in exports, was announced...
Read moreDetails
Govt slap 100% fine on goods
On Friday Pakistan formally approved the lifting of a ban on all types of imports but slapped up to 100%...
Read moreDetails
Weekly inflation reaching a records, rises to 42.3pc
According to data released by the Pakistan Bureau of Statistics (PBS) on Friday, inflation increased significantly in the week that...
Read moreDetails