Has the economy been thrown away?
Since the new government took charge in April, deposits in Roshan Digital Accounts (RDAs) from overseas Pakistanis are at a declining trend.
Where are the dollars going?
Alarming is the difference between open market and interbank exchange rate of Rupee against the US dollar today that is around Rs. 13.
Oil prices slide as Opec+ deal seen as “symbolic”
Oil prices inched lower on Tuesday, as an Opec+ deal to cut output by 100,000 barrels per day in October was seen as a largely symbolic move.
Credit positive for Pakistan: Moody’s
The International Monetary Fund's (IMF) recent acceptance of a $1.1 billion loan disbursement and programme revival has been described as a "credit positive" for...
Miftah’s expectations contradict his estimations
Finance Minister Miftah Ismail expects the economy to grow by more than 3.5 percent this fiscal year, down from a 5 percent initial projection,...
Flood-related economic losses escalate from $10bn to $12.5 bn
Pakistan is confronting massive devastations caused by monsoon flooding that has left over 33 million people in desperation and taken the lives of over...
Govt-IMF agreement- pledging citizens’ economic rights!
Government has indicated further deterioration of public’s economic conditions by signing off an extremely tough agreement with the International Monetary Fund (IMF) in return...
Weekly inflation making new records!
Flash floods have caused havoc in different areas of Pakistan, taking lives, shelters and destroying infrastructure, livestock, and crops. Supply-chain disruptions resulted in high...
Pakistan’s economy will remain under pressure: IMF
According to the International Monetary Fund (IMF), rising inflation and tighter global financial conditions would continue to weigh on Pakistan's economy, putting pressure on...
Utility stores raise prices- govt’s response is all you need to know!
Utility Stores Corporation (USC) has raised the prices of several commodities in its stores around the country, reported by a private news channel. According to...
27% shrink in trade deficit leading to alarming revelations!
Trade deficit of a consumption driven Pakistani economy has remained a consistent problem. In August 2022, trade deficit shrank by 27% as compared to...
Good news for electricity consumers!
Federal Minister of Water and Power Khurram Dastgir has said that electricity bills will start decreasing from October, new bills are being issued to...