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Business

Pakistan's power generation falls by 6.5% in September

24 Oct 2024

Pakistan's power generation falls by 6.5% in September

The experts linked the decline to the increasing trend of solarisation.

Economists seek further 200 bps cut in policy rate

24 Oct 2024

Economists seek further 200 bps cut in policy rate

Interest rate declined by 450 basis points cumulatively since June

Gold prices soar to new heights in Pakistan

23 Oct 2024

Gold prices soar to new heights in Pakistan

Pakistan's gold market witnessed another significant surge on Wednesday

Riba-free Pakistan: An 'Islamic touch' or PM Shehbaz's vision of economic revolution?

23 Oct 2024

Riba-free Pakistan: An 'Islamic touch' or PM Shehbaz's vision of economic revolution?

The amendment has sparked debate among experts.

IMF forecasts Pakistan's economic growth by 3.2% in FY25

23 Oct 2024

IMF forecasts Pakistan's economic growth by 3.2% in FY25

The inflation rate would decline to single-digit.

Double-decker buses to hit Karachi streets soon

22 Oct 2024

Double-decker buses to hit Karachi streets soon

Sharjeel ordered to complete the construction of bus stations for the People’s Bus Service as soon as possible.

Gold scales new peak of Rs281,800 per tola in Pakistan

19 Oct 2024

Gold scales new peak of Rs281,800 per tola in Pakistan

Gold price soar in local and international markets.

Auto financing gains momentum as interest rate falls

19 Oct 2024

Auto financing gains momentum as interest rate falls

Auto-financing hit Rs368 billion in June 2022.

Pakistan to export donkey meat to China for popular burgers

18 Oct 2024

Pakistan to export donkey meat to China for popular burgers

While it may seem unusual, donkey meat is a popular delicacy in China and is commonly used in various cuisines, including the well-known ‘Donkey Burger.’

Constitutional amendment proposes to end interest system in Pakistan by Jan 1, 2028

18 Oct 2024

Constitutional amendment proposes to end interest system in Pakistan by Jan 1, 2028

This amendment is part of 26 changes proposed to the Constitution and was initiated by the Jamiat Ulema-e-Islam.

Pakistan’s CPI rises to 15% YoY in mid-October

18 Oct 2024

Pakistan’s CPI rises to 15% YoY in mid-October

Earlier, the CPI showed slight ease in the last week.

Pakistan's foreign exchange reserves increase to $11 billion

18 Oct 2024

Pakistan's foreign exchange reserves increase to $11 billion

The government projected to boost the SBP reserves to $13 billion by the end of FY2024

Pakistan's top wealthiest avoid paying taxes: FBR Chairman

17 Oct 2024

Pakistan's top wealthiest avoid paying taxes: FBR Chairman

FBR collected Rs2.56 trillion for July to September of the ongoing FY25.

SSGC starts collecting extra ‘geyser charges’ from Karachiites in bills

16 Oct 2024

SSGC starts collecting extra ‘geyser charges’ from Karachiites in bills

The company has made Conical Baffle usage mandatory for gas users and outsourced its installation to another company.

FBR chief calls for income, corporate tax rate reduction

16 Oct 2024

FBR chief calls for income, corporate tax rate reduction

"It is wrong to collect tax for the whole year and pay it for debt servicing."

Gold prices surge to new all-time high in Pakistan

16 Oct 2024

Gold prices surge to new all-time high in Pakistan

Last month, gold prices reached Rs277,000 per tola, a then-record high.

Pakistan's trade deficit with SCO countries rises by 41%

16 Oct 2024

Pakistan's trade deficit with SCO countries rises by 41%

The country went beyond at the export scale as compared to the nine SCO partners

External inflows increase by $125 million in four days of October

16 Oct 2024

External inflows increase by $125 million in four days of October

Experts are optimistic about the Shanghai Cooperation Organisation (SCO) summit in Islamabad.

RDA inflows surge to $8.74 billion in September

14 Oct 2024

RDA inflows surge to $8.74 billion in September

A monthly summary revealed a 1.7 percent increase month-on-month.

Petrol, diesel price expected to increase by up to Rs10 per litre

12 Oct 2024

Petrol, diesel price expected to increase by up to Rs10 per litre

The expected hike will put more burden on the inflation-hit masses.

Rs 750 prize bond schedule, draw update in Pakistan for October 2024

11 Oct 2024

Rs 750 prize bond schedule, draw update in Pakistan for October 2024

Investors can win exciting cash prizes in Prize bond draws, which are held regularly.

FBR set to increase property rates by 75pc across Pakistan: reports

11 Oct 2024

FBR set to increase property rates by 75pc across Pakistan: reports

A notification regarding the new property valuations is expected to be issued in the coming days

Govt likely to cut power tariff by Rs 8-10 per unit

10 Oct 2024

Govt likely to cut power tariff by Rs 8-10 per unit

PM Shehbaz Sharif terminates five IPPs agreements.

Petrol prices set for major hike from October 16

10 Oct 2024

Petrol prices set for major hike from October 16

The final price hikes will depend on exchange rate fluctuations and existing tax rates, but the estimated increases reflect global trends.

World Bank reports shows increase in Pakistan's poverty rate

10 Oct 2024

World Bank reports shows increase in Pakistan's poverty rate

The steady rise signals growing hardships for the country’s most vulnerable populations, especially as economic conditions continue to deteriorate.

FBR chief warns of large-scale action against non-filers after November 1

9 Oct 2024

FBR chief warns of large-scale action against non-filers after November 1

He emphasized that there will be no extension in the deadline for submitting income tax returns.

New airline to launch flights to Pakistan smaller cities

9 Oct 2024

New airline to launch flights to Pakistan smaller cities

The initiative aims to provide better options for travelers who currently depend on buses, trains, and cars for long journeys across the country, from the north to the south.

Remittances surge by 29% in September

9 Oct 2024

Remittances surge by 29% in September

The country received $8.79 billion in the first three months of the ongoing fiscal year.

SBP increases incentives for exchange companies to boost remittances

9 Oct 2024

SBP increases incentives for exchange companies to boost remittances

The companies were receiving only Re1 per dollar

In line with global trend, gold prices dip in Pakistan

8 Oct 2024

In line with global trend, gold prices dip in Pakistan

silver prices in the domestic market remained stable

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