Tag: ECONOMY
22 Apr 2025
Dollar plummets to lowest level since 2022 after Trump's threats to oust Fed Chief
The decline occurred as the White House considered firing Federal Reserve Chair Powell.
17 Apr 2025
Govt to save Rs36 billion by abolishing 40,000 posts
According to the Cabinet Division, 11,558 of the abolished positions belong to Grade-1 employees, the lowest pay scale.
17 Apr 2025
World Bank declares Pakistan tax system 'unfair' and 'absurd'
Pakistan’s tax system is inequitable, with only 5 million return filers.
11 Apr 2025
FinMin hints at further power tariff reduction by July
Aurangzeb stated that the government achieved all targets set by the IMF.
28 Mar 2025
Forex reserves drop as Pakistan returns $1 billion Chinese loan
Pakistan's $2.7 billion loan from Chinese banks set to mature between April and June this year.
28 Jan 2025
Pakistan's majority rejects govt's claim of lower inflation: survey
A substantial 69% of women surveyed rejected the government claims, compared to 60% of men.
14 Jan 2025
Who falls under Pakistan’s middle class? Netizens debate on X
Others argued that income brackets alone cannot determine social class in Pakistan.
14 Jan 2025
Will massive Rs800 billion gold discovery in Attock change Pakistan's economy?
Highlighting the economic potential of the discovery, he stated, "The estimated value of 800 billion PKR will fuel economic growth."
23 Dec 2024
Pakistan is no longer business-friendly, says PBF in letter to Finance Minister
The PBF also demanded the government to take measures to stabilise the rupee.
18 Dec 2024
Foreign direct investment soars 31% to $1.124 billion
Chinese companies shared 60% of FDI
18 Dec 2024
Pakistan records $729 million current account surplus after 10 years
The deficit was $148 million in November 2023.
12 Dec 2024
Pakistan to pay up to 8.5% interest rate on foreign debt, including IMF loans
Despite billions of dollars in loans Pakistan has to take $2.5 billion from foreign countries
11 Dec 2024
ADB approves $200 million to upgrade Pakistan's power supply system
Online transformer monitoring has also been added to the project’s draft
6 Dec 2024
Customers to pay withholding tax for booking wedding halls: FBR
The party who will book the hall will pay the tax.
6 Dec 2024
Pakistan becomes 2nd largest country in region to pay 'heavy interest' on debts
Experts attribute the situation to the overvalued US dollar.