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Business

Web Desk
Oct 30, 2023

SBP announces to keep policy rate unchanged at 22% amid rising inflation

The State Bank of Pakistan (SBP) has opted to maintain the key policy rate at 22 per cent, according to a press release issued on Monday.

Business

Web Desk
Oct 27, 2023

Gas sector debt surpasses Rs2,000 billion, winter supply squeeze looms

In a recent statement, Caretaker Energy Minister Muhammad Ali addressed the pressing issue of circular debt in Pakistan’s gas sector, which currently stands at a staggering Rs2,100 billion.

Business

Web Desk
Oct 23, 2023

ECC approves massive gas tariff hike, effective from November 1st

In a pivotal decision, the Economic Coordination Committee (ECC) convened on Monday to address the pressing issue of gas tariffs.

Business

Web Desk
Oct 21, 2023

No change expected: SBP likely to maintain 22% interest rate

The State Bank of Pakistan (SBP) is expected to keep its key interest rate steady at 22 per cent this month, according to Topline Securities.

Business

Web Desk
Oct 17, 2023

Pakistan receives $3.52 billion in loans and grants in first quarter of FY24

In the initial quarter of the fiscal year 2023–24, Pakistan acquired a substantial financial boost, garnering a total of $3.52 billion in financial assistance.

Business

Web Desk
Oct 10, 2023

World Bank urges Pakistan to implement tax on agriculture and real estate

In a recent development, the World Bank has advised Pakistan to implement crucial tax reforms, highlighting the need to tax the agricultural and real estate sectors.

Business

Web Desk
Oct 09, 2023

Economists predict only 2.4% GDP growth for Pakistan in FY24

In the latest survey conducted by Bloomberg between October 4 and 6, Pakistan’s economic outlook for the fiscal year 2024 appears subdued.

Business

Web Desk
Oct 09, 2023

Pakistan eyes second IMF tranche amid reforms

Pakistan is optimistic about clearing the International Monetary Fund’s (IMF) economic review next month, a milestone that could lead to the disbursement of approximately $700 million.

Business

Web Desk
Oct 08, 2023

US dollar expected to drop below Rs280 next week

The Pakistani rupee’s bullish trend against the US dollar persisted for the 22nd consecutive session, with the dollar losing 93 paisas and settling at Rs282.69, bringing the rupee closer to the significant Rs280 mark. Experts predict that the US dollar may drop below Rs280 in the coming week.

Business

Hum News
Oct 02, 2023

Pakistani rupee records 18th consecutive gain against US dollar, closes at Rs286.76

In a remarkable display of strength, the Pakistani rupee marked its 18th consecutive gain against the US dollar in the interbank market on Monday, gaining 0.34 per cent. According to the State Bank of Pakistan (SBP), the local currency settled at Rs286.76 after an increase of Re0.98.

SBP announces to keep policy rate unchanged at 22% amid rising inflation

Gas sector debt surpasses Rs2,000 billion, winter supply squeeze looms

ECC approves massive gas tariff hike, effective from November 1st

No change expected: SBP likely to maintain 22% interest rate

Pakistan receives $3.52 billion in loans and grants in first quarter of FY24

World Bank urges Pakistan to implement tax on agriculture and real estate

Economists predict only 2.4% GDP growth for Pakistan in FY24

Pakistan eyes second IMF tranche amid reforms

US dollar expected to drop below Rs280 next week

Pakistani rupee records 18th consecutive gain against US dollar, closes at Rs286.76

Pakistan rejects hospital strike claim, says Kabul target was militant infrastructure

UN marks Islamophobia Day, warns of rising hate and discrimination against Muslims

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