In the final week of October, it’s anticipated that the second tranche of the International Monetary Fund (IMF) bailout will be considered. “The Federal Board of Revenue and the IMF met online.” According to reports, officials have notified the IMF that Pakistan would not be implementing a new tax. AccordingRead More →
FRANKFURT (Reuters ). In September, eurozone inflation fell to its lowest level in two years, indicating that the European Central Bank’s steady diet of interest rate rises was successful in containing runaway prices, but at an increasing cost to economic development. According to Eurostat’s flash estimate issued on Friday, consumerRead More →
With 25,516MW produced on Monday, Pakistan generated more energy than any other day in its history.The Ministry of Energy just provided an update, stating that on August 21, electricity generation shattered all prior records. The highest-ever power generation of 25,516MW was reported on August 21 during 24 hours. This generatedRead More →
ISLAMABAD: On Tuesday, the Federal Cabinet, presided over by Prime Minister Shehbaz Sharif, authorised the immediate implementation of the Energy Conservation Plan. At a press conference in Islamabad with other cabinet members, Minister for Defence Khawaja Asif highlighted key aspects of the energy conservation plan. He added that under theRead More →
Pakistan is anticipated to make debt repayments of more than $1 billion to two international commercial banks early next month, despite the government’s challenging effort to avert sovereign default and the fact that there aren’t very many gross foreign currency reserves remaining. According to sources in the ministry of finance,Read More →
According to the Federal Bureau of Statistics, the price of a 20 kg flour bag climbed by Rs. 720 in a week.Residents of Islamabad have been struck the hardest by the spike in wheat prices, and are now obliged to buy the most costly flour in the country. A 20Read More →
With the economy under great strain, as seen by depleted foreign reserves, a rising current account deficit, and the currency plunging to a historic low, Pakistan must act quickly to reactivate the International Monetary Fund programme in order to avert a Sri Lanka-style collapse. “In order to re-enter the program,Read More →
ISLAMABAD: Textile and garment exports climbed by 25.96 percent year on year to $15.98 billion in the first ten months of the current fiscal year, owing to a significant depreciation of the rupee and a consistent rise in global demand. On Saturday, the Pakistan Bureau of Statistics (PBS) released dataRead More →
According to the Federal Bureau of Statistics, the price of a 20 kg flour bag has risen to Rs. 720 in one week.Residents in Slamabad have been impacted the worst by the flour price hike, and are now obliged to purchase the most costly flour in the country.The price ofRead More →
The Pakistan Tehreek-e-Insaf (PTI) government borrowed $52 billion in external loans in three years and eight months, placing it first among the previous four governments. In fact, the PTI returned 70% of the debts incurred by previous governments. It had surpassed Pakistan Muslim League (PML-N), which had $49.761 billion inRead More →
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