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Business

IMF demands FBR to bridge August revenue shortfall

4 Sep 2024

IMF demands FBR to bridge August revenue shortfall

FBR has managed to collect only Rs790 billion.

Pakistan's cotton production declines by 60pc

4 Sep 2024

Pakistan's cotton production declines by 60pc

The decline is linked to various factors.

Pakistan witnesses 13.5% decrease in sales of petroleum product in August

3 Sep 2024

Pakistan witnesses 13.5% decrease in sales of petroleum product in August

Despite this year-on-year decrease, there was a slight 1.6 percent increase in sales compared to July 2024, when sales were recorded at 1.2 million MTs.

Pakistan's trade deficit shrinks to 11-month-low

3 Sep 2024

Pakistan's trade deficit shrinks to 11-month-low

In August 2024, exports increased by 15.93 per cent

FinMin Aurangzeb refuses 'tax exemption' for businessmen

3 Sep 2024

FinMin Aurangzeb refuses 'tax exemption' for businessmen

Subsidy could be given to deserving traders

Foreign exchange reserves increased by $1.58 billion: Ministry of Finance

3 Sep 2024

Foreign exchange reserves increased by $1.58 billion: Ministry of Finance

Pakistan needs external financing to fulfil the pre-conditions of the IMF.

Customers complain of ATM services outage in Pakistan as 1Link reportedly down

2 Sep 2024

Customers complain of ATM services outage in Pakistan as 1Link reportedly down

Customers, according to local media, complained that they are also facing trouble while making online transactions.

Pakistan's Inflation declines to single digit in August

2 Sep 2024

Pakistan's Inflation declines to single digit in August

Inflation marked a 34-month-low.

Loss-making PIA announces pay raise for employees

1 Sep 2024

Loss-making PIA announces pay raise for employees

This wage increase is seen as a step towards enhancing operational efficiency across the airline.

Over 90% Pakistanis struggle to afford daily necessities: survey

31 Aug 2024

Over 90% Pakistanis struggle to afford daily necessities: survey

The majority of Pakistanis are struggling to make ends meet.

Finance Ministry forecasts decline in headline inflation to 9.5-10pc

30 Aug 2024

Finance Ministry forecasts decline in headline inflation to 9.5-10pc

Finance Ministry's report expressed concerns over ongoing rain.

Oil and gas reserves discovered in Sindh's Sanghar

30 Aug 2024

Oil and gas reserves discovered in Sindh's Sanghar

The discovery marks the first milestone in Sinjhoro Block.

Pakistan earns $40.6 million from mango exports in 2024

30 Aug 2024

Pakistan earns $40.6 million from mango exports in 2024

Pakistan exported mangoes to 42 countries.

Pakistan to repay $18.7 trillion in FY24

30 Aug 2024

Pakistan to repay $18.7 trillion in FY24

Ministry of Finance shared a 16-year loan payment schedule.

Roshan Digital Account inflows jump 1.9% in July

29 Aug 2024

Roshan Digital Account inflows jump 1.9% in July

The funds were $8.255 billion in the previous month.

Pakistan suffers Rs50 billion loss due to traders' one-day strike

29 Aug 2024

Pakistan suffers Rs50 billion loss due to traders' one-day strike

Almost one million traders observed the strike nationwide.

Moody's upgrades Pakistan's ratings to 'Caa2' with positive outlook

28 Aug 2024

Moody's upgrades Pakistan's ratings to 'Caa2' with positive outlook

The global credit agency degraded Pakistan in February 2023.

FBR ready to change tax scheme as per traders demands: sources

28 Aug 2024

FBR ready to change tax scheme as per traders demands: sources

The income tax slab would be changed for the traders.

Binance seizes Palestinian crypto funds on Israel’s orders

28 Aug 2024

Binance seizes Palestinian crypto funds on Israel’s orders

Binance saw an increase of over 80% in traffic from Palestine since August 2023.

Pakistan sees Middle Eastern banks to plug external financing gaps: SBP chief

27 Aug 2024

Pakistan sees Middle Eastern banks to plug external financing gaps: SBP chief

Pakistan need a total of $20 billion in external financing for current fiscal year

Traders to observe nationwide shutter-down strike on August 28

27 Aug 2024

Traders to observe nationwide shutter-down strike on August 28

Several political parties will also hold protests across the country.

Pakistan suffers Rs65 billion loss due to 'internet shutdown'

27 Aug 2024

Pakistan suffers Rs65 billion loss due to 'internet shutdown'

The outages affected 8.3 million Pakistanis.

Pakistan expected to face another delay in unlocking IMF's bailout programme

26 Aug 2024

Pakistan expected to face another delay in unlocking IMF's bailout programme

Pakistan needs $2 billion external financing for the ongoing fiscal year.

Low internet speed lowers 70pc income of food delivery riders: reports

25 Aug 2024

Low internet speed lowers 70pc income of food delivery riders: reports

Users in Pakistan had been facing slow internet speed.

Pakistan's weekly inflation records slight decrease

24 Aug 2024

Pakistan's weekly inflation records slight decrease

SBP is expected to slash the policy rate by up to 1.5%.

Petroleum product prices likely to decline from Sep 1

24 Aug 2024

Petroleum product prices likely to decline from Sep 1

The final decision will be announced by the Ministry of Finance on August 31.

Pakistan plans to introduce 'plastic currency notes'

22 Aug 2024

Pakistan plans to introduce 'plastic currency notes'

The decision was revealed by the central bank's head during Senate meeting.

Nepra hikes power tariff for KE-consumers by Rs5.76

22 Aug 2024

Nepra hikes power tariff for KE-consumers by Rs5.76

The charges will be added to October and November electricity bills.

Pakistan's pharmaceutical sector records highest sales in FY24

21 Aug 2024

Pakistan's pharmaceutical sector records highest sales in FY24

The growth is higher than in the last 5-year from 2020 to 2024.

IMF delays approval of $7bn loan package for Pakistan

21 Aug 2024

IMF delays approval of $7bn loan package for Pakistan

The Executive Board will review the applications of three countries

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