Economy
Government Greenlights Tax-Heavy Budget Ahead of Crucial IMF Loan Talks
Pakistan’s parliament on Friday passed the government’s tax-heavy finance bill for the coming fiscal year ahead of more talks on a new bailout with...
LSMI output surged by 5.8% YoY in April
In April 2024, Pakistan's Large-scale Manufacturing Industries (LSMI) production dropped sharply by 8.14%, down from 115.78 in March 2024.
However, on a month-on-month basis,...
SPI surged by 1.3% WoW
According to data released by the Pakistan Bureau of Statistics (PBS), the Weekly Sensitive Price Indicator (SPI) for the Combined Group increased by 1.3%...
Pakistan Aims for reaching IMF Staff-Level Agreement in July: FM Aurangzeb
Finance Minister Muhammad Aurangzeb said Thursday the federal government was hopeful of reaching a staff-level agreement with the International Monetary Fund (IMF) in July...
Pakistan economy: State Bank of Pakistan to continue with monetary tightening
Although there is a strict prohibition against charging interest, a significant number of Islamic banks still rely on interest-based benchmarks like Karachi Interbank Offered...
SBP has raised the Interest rate by 100BPS to 17%
The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) in its meeting has decided to raise the policy rate by 100 basis...
CPI Inflation increased to 24.5% in December
Pakistan CPI inflation has increased to 24.5% on year-on-year basis in Dec 2022 as compared to an increase of 23.8% in the previous month...
#GoodNews: Govt has reduced the Petrol Price by Rs. 10/liter
Government of Pakistan has decided to reduce the prices of Petrol and Diesel by PKR 10 per liter and PKR 7.5 per liter.
The new...
ADB has approved $554Mn Flood Assistance Package for Pakistan
A $554 million financing package, including new and reallocated funds, has been approved to support recovery and reconstruction efforts in Pakistan following this year’s...
Russia will provide Petrol and Diesel at discounted rates to Pakistan:...
State Minister for Petroleum Musadik Malik said on Monday that Russia has agreed to provide crude oil at discounted prices, a development that could...
