Government enables Pak-Afghan trade in Rupee
Government enabled Pak-Afghan trade in rupee via land routes due to the lack of tradable currency through banking channel
One-time permission granted for the discharge of stranded consignments of banned items
ECC suspended conditions on the import of timber/wood till Aug 31 as the Ministry of Commerce moved summary in this regard
Cut in armed forces budget for the sake of IMF deal
One of the key conditions for the revival of IMF program is a primary budget surplus of Rs153 billion, or 0.2 percent of national production
Tax relief on cigarettes
Government has silently given billions of rupees in tax relief to costly cigarette brands
Hamza Shahbaz’s ‘free electricity’ decision comes under criticism
PML-N claims “the provision of providing free electricity is a part of pro-people policies” but the decision comes under criticism
Alfalah CLSA: Incoherent federal and provincial policies at peak
According to Alfalah CLSA, super tax is estimated to collect PKR 100 billion and Punjab government has announced PKR 100 billion electric subsidy
Pakistani startup 24Seven raises $6m
24Seven, an ecommerce and retail startup based in Pakistan, has raised US$6 million in a pre-series A round led by global venture capital firm SOSV.
Pakistan faces alarming trade deficit
The trade deficit increased by 55.29 percent during fiscal year 2021-22 as a result of prevailing circumstances in the country
Miftah Ismail debunks reports claiming postponement of IMF program
Finance Minister tweeted on Monday that “there is no truth” to the media reports claiming the postponement or delay in the IMF program “due to some anti-corruption law”. “The IMF program is on track” he added.
400 textile mills facing shutdown
Lack of gas and electricity supplies has resulted in shutdown of 400 textile mills and PM was already informed
“Awaami Sawari” is no more!
Pakistani Motorcycles Market is declining and the company has blamed inflation making the “Awaami Sawari” is no more affordable for the public
Suez Canal earns record breaking revenue of $7 bn
As Egypt reels under mounting economic pressures from the war, foreign currency reserves fell $5.5 billion between March and May to stand at $35.5 billion.