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Thursday, November 14, 2024

Punjab Budget 2022-23: Salaries raised by 30 percent

Punjab government announced an increase of 30% in salaries of government employees

Dasu dam: A driver of socioeconomic development in Pakistan

Generation of electricity from Dasu Hydro power project would start in the year 2026 which will enormously contribute to dealing with the increasing demand

Continuing history: Pakistan and Turkey ready to sign $5 billion Agreement

Pakistan and Turkey are all set to sign an agreement to increase trade by $5 billion in three years

Finance Minister Miftah Ismail presents budget for the fiscal year 2022-23

Federal Minister for Finance and Revenue Miftah Ismail presented the budget for fiscal year 2022-23 on Friday in an orderly session of the National Assembly of Pakistan.

Pakistan Economic Survey 2021-22 unveiled

The survey confirms a 5.97% growth in the GDP, however, factors such as the widening trade deficit and current account deficit, depreciating rupee and spiraling inflation present bad news for the economy.

‘Charter of Economy’ against democracy: Javed Hassan

Javed Hassan says it is through the exposition of their differences in economic vision that the public gets to have a choice.

Business environment risk problem in Pakistan

One of the factors discouraging foreign direct investments and local business is the business environment risk problem. The problem has been recently highlighted and explained by an entrepreneur and investor who goes by the name Bacchus on twitter.

Pakistan’s new govt to slow down economy: Planning Ministry

Pakistan's foreign reserves have been on a steep decline in recent months - falling to $9.7 billion, less than 45 days of imports.

PSX lost 923 points amid hikes in fuel and energy prices

The selling trend continued in the Pakistan Stock Exchange for the second day as the KSE-100 index dropped 923.03 points to close at 41314.88, 2.23% down than yesterday. The downward trend in the stock market is being attributed to the enormous hike in fuel and energy prices.

Factories may cut production in Pakistan amid rising energy costs

Factories owners fear that they may need to shut production due to an unprecedented hike in energy costs, which will be another disaster for the already struggling economy

Moody’s demotes Pakistan’s economic outlook from stable to negative

Moody's downgrades Pakistan's economic outlook to negative, citing 'heightened external vulnerability' and uncertainty regarding the much needed external financial support as the reasons behind the downgrading of Pakistan’s economic outlook.

APTMA urges government to continue RCETs for entire textile value chain

APTMA urges the government to continue with the Regionally Competitive Tariffs for the entire value chain and not to impose any non-tariff barrier on raw material or spare parts for the industry.