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Business

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

Pakistan's IT exports witness over 30% growth in July

20 Aug 2024

Pakistan's IT exports witness over 30% growth in July

Topline Pakistan Research attributed the growth to IT companies’ efforts.

Bank deposits declined by 1.7% in July: SBP

19 Aug 2024

Bank deposits declined by 1.7% in July: SBP

The advances decreased by 4.53% month-on-month basis.

Multinational companies plan to move to Dubai due to 'internet disruptions' in Pakistan

17 Aug 2024

Multinational companies plan to move to Dubai due to 'internet disruptions' in Pakistan

The figures represent a 17% increase compared to the same period in 2023.

Nawaz Sharif announces Rs14/unit relief for power consumers in Punjab

16 Aug 2024

Nawaz Sharif announces Rs14/unit relief for power consumers in Punjab

This initiative is part of the party’s ongoing efforts to address the economic challenges faced by the public, especially in light of rising energy prices.

Pakistan slashes, petrol, diesel prices

13 Aug 2024

Pakistan slashes, petrol, diesel prices

According to details, petrol price has been slashed by Rs8.47 per litre. The new price of petrol is Rs260.96 per litre.

Good news for inflation-hit masses as petrol price likely to drop by Rs9

12 Aug 2024

Good news for inflation-hit masses as petrol price likely to drop by Rs9

The new rates will be effective from August 16 to 31.

FBR dismisses claims of taxing Arshad Nadeem’s prize money

11 Aug 2024

FBR dismisses claims of taxing Arshad Nadeem’s prize money

Rumours were on that Arshad Nadeem's prize money will be taxed.

Pakistan secures one-year loan rollover commitments

7 Aug 2024

Pakistan secures one-year loan rollover commitments

The country has been rolling over $12 billion in bilateral loans for the past few years.

Khyber Pakhtunkhwa welcomed 9.3mln tourists from May 1 to July 31

6 Aug 2024

Khyber Pakhtunkhwa welcomed 9.3mln tourists from May 1 to July 31

This information was shared during a tourism meeting chaired by Zahid Chan Zeb, the adviser to the chief minister on Tourism and Culture, as per a statement released on Tuesday.

World Bank to provide $8.70 billion financial assistance to Pakistan

5 Aug 2024

World Bank to provide $8.70 billion financial assistance to Pakistan

WB made additional financing of $1 billion for the Dasu hydro project phase-I.

Govt mulls providing tax relief to salaried class

3 Aug 2024

Govt mulls providing tax relief to salaried class

The premier assigned the task to the economic team.

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