BUSINESS
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Govt slashes petrol, diesel prices
The government on Wednesday slashed the prices of petrol and high-speed diesel (HSD) for the next fortnight by Rs6.17 and...
Ministry of Finance reveals statistical discrepancy of Rs281 billion during fiscal year
The federal government’s net revenue receipts were insufficient to cover even one major expenditure item during the fiscal year 2023-24,...
Malik Amjad bids early farewell to FBR chairman
Federal Board of Revenue (FBR) Chairman Malik Amjad Zubair Tiwana has sought an early retirement from service. Tiwana has sought...
Finance ministry forecasts CPI inflation reduced to single-digit
Pakistan’s finance ministry on Tuesday released its monthly outlook for July stating that the Consumer Price Index (CPI) inflation reached...
Fitch upgrades Pakistan rating
In a positive development, Fitch Ratings has upgraded Pakistan’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘CCC+’ from ‘CCC’. “The...
SBP cuts key policy rate to 19.5pc
The State Bank of Pakistan (SBP) on Monday reduced the key interest rate by 100 basis points (bps) to 19.5...
Gold price hike continues in Pakistan
Gold prices increased in Pakistan following an upward trend in the global market on Saturday. According to the All-Pakistan Gems...
Pakistan’s weekly inflation up by 0.17pc
The weekly inflation, measured by the Sensitive Price Indicator (SPI), witnessed an increase of 0.17 percent for the combined consumption...
Govt to pay Rs2,091 billion as capacity payments to IPPs in 2024-25
The Government of Pakistan has estimated capacity payments to IPPs amounting to Rs 2,091 billion for the current fiscal year....
IMF board likely to approve $7b bailout for Pakistan in August
The International Monetary Fund (IMF) Executive Board likely to approve a $7 billion bailout package for Pakistan in August. According...
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