SBP likely to hike interest rate in upcoming MPC meeting
As inflation remains elevated, the central bank may raise the policy rate by up to 150 basis points.Â
IMF seeks additional details on power sector from Pakistani side
The PM had recently said that the govt will soon announce relief measures without defying international commitments.
Pakistan businesses fear default still imminent, Gallup Survey reveals
This survey is the 10th edition of a quarterly Business Confidence Survey conducted by Gallup Pakistan
Public debt has exceeded 60% of GDP limit under the FRDL Act
The Government’s Total Public Debt stood at Rs 59.247 trillion in March 2023
Yearly inflation drops to 27.4% in August, but challenges loom ahead
Increased fuel costs and dollar rate indicate higher future inflation.
Bearish sentiment prevails as PSX tumble over 1,700 points on rupee’s steep decline
ISLAMABAD: Bears dominated the Pakistan Stock Exchange (PSX) today, causing a sharp decline in the benchmark KSE-100 index by more than 1,700...
FBR surpasses August revenue target by Rs20bn
ISLAMABAD: Federal Board of Revenue has surpassed August revenue target by Rs 20 billion.
As per the details, FBR has achieved Rs 669...
Steel sector continues to grumble
The PALSP has raised alarms over the authorities' lack of effective measures to counter the menace of smuggling.
How Evergrande’s downfall signaled China’s property crisis
In the beginning, Hui Ka Yan followed a simple formula. Borrow to buy land. Sell homes on the site before they are...
Caretakers brace for impactÂ
The economy is worse than they thought. Have the caretakers bitten off more than they can chew?Â
No space for additional subsidies under ongoing IMF program
ISLAMABAD: Caretaker Finance Minister Dr Shamshad Akhtar on Wednesday said there is no space for additional subsidies under the ongoing International Monetary...
Rupee falls near Rs325 against US dollar in open market
Spread between the buy and sell rate of the dollar widens in the interbank, reflecting market volatility.Â
As rupee freefalls, differing exchange rates may land govt in hot water with IMF
The rupee closed at Rs 303.05 against the dollar in the interbank market, and was being sold as high as Rs 323 by exchange companies.
Mounting electricity prices strain Pakistani households, businesses: FPCCI President
In a press conference held in Lahore, Irfan Iqbal Sheikh, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI),...
Rising demand of dollars, lifting of import restrictions are primary drivers of rupee depreciation
ISLAMABAD: State Bank of Pakistan (SBP) Deputy Governor Dr Inayat Hussain Wednesday has said that rising demand of dollars among the masses...