Pakistan is at risk of default: Bloomberg
According to Bloomberg’s ranking of countries with the highest default risk in 2022, Pakistan is at fourth position.
Reduction in petroleum prices: public relief or a tactic?
Following the reduction in oil prices in international market, fuel consumers might have a relief of Rs41 per liter in the price of diesel and Rs17.21 per liter in petrol.
Morinaga offers to acquire stake in ICI Pakistan’s subsidiary
Morinaga offers to acquire 33.3% of the issued and paid-up share capital of NutriCo Morinaga (Pvt) Limited (NMPL)
Traders’ concerns about the Finance Act 2022
Traders requested changes to the Finance Act in a post-budget session to review "deemed rental income" on immovable properties.
Pakistan’s stance on the Russia-Ukraine conflict and its GSP+ case
The EU has assured Pakistan that its stance on the Russia-Ukraine conflict will have no bearing on the inclusion of Islamabad in the GSP+
Formalization of crypto trading in Pakistan
Rain Financial is urging local officials to establish a legislative framework for the formalization of crypto trading in Pakistan.
Petroleum prices likely to be reduced!
It is likely that the prices of petroleum products are going to be reduced because of significant drop in prices in international market
SBP’s measure to cool down the heated economy
SBP raised the policy rate by 125 basis points (bps) to 15 percent for cooling down the heated economy, hold inflation and strengthening PKR.
Energy crisis set to worsen
The inability of Pakistan to procure LNG will result in worsening of the energy crisis in the country.
SBP official explains “Why is the Rupee always depreciating?”
The Rupee is always depreciating because we are a consumption driven society, this itself leads to continuous trade deficit which causes depreciation
Restore gas supply to fulfill export orders: APTMA
APTMA urged the government to restore gas supply to the textile industry at earliest, citing a loss of nearly $1 billion in exports.
Nepra: Cost of hydel projects should be paid by provinces
Cost of hydel projects should be paid by consumers (provinces) who use water for agricultural purposes rather than electricity consumers