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Business Pakistan

Web Desk
Oct 05, 2023

Pakistan’s foreign exchange reserves drop by $21 million

The State Bank of Pakistan (SBP) disclosed that the country’s foreign exchange reserves declined by $21 million within a week, reaching $7.615 billion by September 28, according to data released on Thursday.

Pakistan

Hum News
Oct 04, 2023

State Bank of Pakistan may lower interest rate if inflation eases

At a recent meeting chaired by Senator Saleem Mandviwala, the Standing Committee on Finance and Revenue delved into the repercussions of the central bank’s 500 basis-point interest rate increase due to IMF pressure. Concerns were raised about its impact on the national debt.

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Hum News
Oct 02, 2023

Petroleum sales in Pakistan decline by 34% due to high prices

In a stark contrast to the previous year, the oil marketing companies (OMCs) in Pakistan experienced a significant setback as their sales plummeted by 34 per cent year-on-year (YoY) in September 2023. The figures stood at 1.01 million tonnes (MTs) compared to a robust 1.52 MTs in September 2022.

Business

Hum News
Sep 09, 2023

50% hike expected in gas prices soon

The Ministry of Energy has made a significant decision with far-reaching implications for the public. Starting next week, gas prices are expected to surge by over 50 per cent. This move, in accordance with an agreement with the IMF, will take effect on July 1.

Pakistan

Zahid Gishkori
Sep 08, 2023

Losses of eight state-owned entities surges to Rs2,201billion

The combined financial losses incurred by eight government entities that operate at a deficit have surged, reaching a staggering Rs2,201 billion. Among these entities are prominent names like Pakistan Steel Mills, Pakistan International Airlines (PIA), and the Pakistan Railways (PR).

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