Acquisition of Cloudways by DigitalOcean for $350 million
Cloudways, a Pakistani cloud hosting service provider, is being acquired by US-based DigitalOcean for $350 million in an all-cash transaction. The agreement has been...
Freelancers winning the marathon!
In fiscal year 2022, Pakistani freelancers received over $400 million in export remittances by providing various services online to international clients in various countries....
Inflow of $185.61 million external loans in July
In the first month of the current fiscal year 2022-23, the government obtained $185.61 million in external loans, primarily due the absence of International...
Decline in CAD to $1.2 billion in July- SBP
Current account deficit (CAD) has remained a constant problem of Pakistan which aggravated in recent past due to rapid depreciation in rupee against the...
Widespread protests against skyrocketing electricity bills
Electricity consumers have come on roads to protest hike in electricity tariffs. The consumers have refused to pay heavy taxes and demanded the authorities...
Rupee continues to fall as political commotions overtake the market
On Tuesday, market sentiment was dominated by worries about a restricted supply of oil after Saudi Arabia warned that the country would reduce output to reverse a recent decrease in oil prices.
Shedding light on globally falling and nationally rising fuel prices
Today, during a joint press conference of former Minister for Finance Shaukat Tarin and former Minister for Energy Hammad Azhar, it was highlighted that...
Cooling down the economy: SBP keeps the policy rate unchanged at 15pc
The State Bank of Pakistan (SBP) published its Monetary policy Statement on August 22, 2022. The Monetary policy Committee (MPC) decided to keep the...
Pakistan’s leather exports fell by 18.99 percent- PBS
According to the Pakistan Bureau of Statistics (PBS), country’s leather exports fell by 18.99 percent in the first month of fiscal year 2022-23 (1MFY23)...
Power generation down by 9.8 percent during Jul’22- AHL
Power crisis have significantly affected the country as a whole, including business community and the households. There is an inverse relationship prevailing between the...
Ban on imports substituted with new regulatory duty rates
Federal Minister for Finance Miftah Ismail on Saturday said that the government has issued the SRO needed to reverse the ban on import of...
Is the hike in petroleum products’ prices justified?
Petroleum products' prices have remained talk of the town from last couple of months as they have affected the masses. Renowned economist Dr. Atif...