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Tag: Economic Challenges

Inflation decline in Pakistan
Business
  • Web Desk
  • Feb 23, 2024
Inflation tightens grip as weekly SPI surges by 30.68%

Sensitive Price Indicator (SPI) for the Combined Group witnessed an uptick of 0.04 per cent WoW during the week ending February 22, 2024.

Pakistan's debt and interest payments
Business
  • Web Desk
  • Feb 22, 2024
Pakistan’s debt payments hit $7.3 billion

Pakistan has revealed its debt and interest payment figures for 1HFY24, indicating significant financial obligations.

electricity prices
Business
  • Web Desk
  • Feb 20, 2024
Pakistan sees major increase in cost of power generation

In January 2024, Pakistan witnessed a substantial 23 per cent surge in the cost of power generation, paired with a decline in generation.

Nike announces job cuts due to declining sales
Business
  • Web Desk
  • Feb 16, 2024
Nike to cut over 1,600 jobs amid declining demand

Nike, the global sportswear giant, has revealed plans to trim approximately 2 per cent of its total workforce, equating to over 1,600 jobs.

world bank on food inflation in Pakistan
Business
  • Web Desk
  • Feb 15, 2024
World Bank urges Pakistan to tackle soaring food prices

The World Bank, in a policy note published on February 13, 2024, has highlighted the pressing issue of high food inflation and volatility in Pakistan, surpassing neighbouring countries.

Pakistan's debt to GDP ratio
Business
  • Web Desk
  • Feb 10, 2024
Political uncertainty triggers a significant drop in Pakistan’s dollar bonds

Pakistan’s dollar bonds due in 2051 experienced a significant decline, marking the most substantial decrease since July 2023.

reza baqir urges new govt to take measures to tackle inflation
Business
  • Web Desk
  • Feb 09, 2024
Former SBP governor flags inflation as key hurdle for new administration

Dr Reza Baqir, emphasised the need for the incoming government to engage in negotiations with the International Monetary Fund (IMF) and tackle the challenge of inflation.

Govt debt
Business
  • Web Desk
  • Feb 07, 2024
Pakistan retires Rs84.34 billion debt, total borrowing reaches Rs2.34 trillion

The government of Pakistan successfully retired a debt of Rs84.34 billion during the week ending January 26, 2024.

Pakistani currency bank notes
Business
  • Shahzad Paracha
  • Jan 30, 2024
Pakistan allocates Rs4,220 billion for interest payments in 1HFY24

The government has allocated a substantial sum, amounting to Rs4,220 billion, for interest payments in 1HFY24.

Finance minister shamshad akhtar inflation
Business
  • Web Desk
  • Jan 28, 2024
FinMin envisions 16-18% tax-to-GDP ratio, urges customs revamp

Finance Minister Dr Shamshad Akhtar underscored the imperative for ongoing reforms and increased revenue efforts by the FBR.

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