Business
Govt likely to reduce Petrol Price by up to Rs9/litre
In a positive development for inflation-hit masses, the federal government could likely reduce the petrol price by up to Rs9 per litre from June...
RDA inflows surged by 31% MoM in May
Total inflows into Roshan Digital Accounts (RDA) reached $224 million in May 2024, bringing the cumulative total to $8.06 billion.
According to data from the...
IMF and Pakistan has reached a staff level agreement on final bailout review
The International Monetary Fund (IMF) has reached a staff-level agreement with Pakistan on the final review of a $3 billion bailout, where the country...
Govt jacks up Petrol price by Rs13.55 per litre
The caretaker government on Wednesday hiked the price of petrol by Rs13.55 per litre for the next fortnight.
The new price of petrol is now...
SBP has sold T-bills worth Rs185bn and yields drop by up...
The State Bank of Pakistan (SBP) conducted an auction on Wednesday in which it sold Market Treasury Bills (MTBs) worth Rs184.66 billion for 3,6 and...
IMF revises deficit upward to 7.7pc of GDP
The International Monetary Fund (IMF) has upward revised the budget deficit (excluding grants) to 7.7 percent of the GDP for the current fiscal year...
New structural benchmarks set by IMF
The International Monetary Fund (IMF) has set two new structural benchmarks (SBs) for Stand-By Arrangement (SBA) including (i) notification of the December 2023 semi-annual...
Power tariff: Timely adjustments critical to energy sector viability: IMF
Timely adjustments in electricity tariff are critical to restore energy sector viability while maintaining a progressive structure to protect the most vulnerable households.
This was...
IMF asks for another hike in gas prices
International Monetary Fund (IMF) projected that November 1, 2023, gas tariff raise will add to headline inflation in coming month and asked for a...
Pakistani Rupee’s unbeaten streak reaches 10 weeks against USD
The Pakistani rupee (PKR) sustained its upward momentum during the outgoing week and gained 46 paisa to settle at PKR 279.9, as compared to...
