The Pakistani rupee continued its steady performance against the US dollar on Monday, extending its appreciation streak to 82 consecutive trading days in the interbank market. By the close of trading, the rupee settled at PKR 279.92 per dollar, marking a gain of three paisas compared to the previous session. The consistent upward trend reflects […]
The federal government is reviewing the future of the Rs. 10 banknote, as the federal cabinet has constituted a high-level committee to examine whether the currency note should be discontinued or retained. The move has sparked public interest, given the widespread daily use of the Rs. 10 note across Pakistan. According to sources familiar with […]
Pakistan’s Defense Minister, Khawaja Muhammad Asif, has made a bold claim that increasing international orders for the country’s defense equipment could improve the economy and reduce reliance on the International Monetary Fund (IMF). The statement comes in the wake of Pakistan’s heightened global attention following the May 2025 conflict with India. Speaking on a private […]
Pakistan has emerged as one of the world’s most optimistic nations heading into 2026, according to the latest Global Economic Gallup Survey. The findings highlight a notable rise in public confidence, positioning Pakistan ahead of India and well above the global average in terms of economic and peace-related optimism. The survey shows that a majority […]
United Arab Emirates President Sheikh Mohamed bin Zayed Al Nahyan is scheduled to visit Pakistan on Friday, December 26, in a move seen as highly significant for strengthening bilateral ties between the two countries. The visit reflects the deep-rooted relationship shared by Pakistan and the UAE, built on mutual trust, cooperation, and long-standing diplomatic engagement. […]
Initial exploration phase to bring $80 million investment; total investment may reach $1 billion Pakistan has achieved a major breakthrough in its offshore oil and gas sector after nearly two decades, awarding 23 offshore exploration blocks to four local-led consortia, some partnered with international firms, including Turkiye’s national oil company TPAO. The development marks a […]
Gold prices reached an unprecedented milestone on Wednesday, breaking past $4,000 per ounce for the first time in history as global investors sought refuge from mounting economic and geopolitical instability. The surge marks another chapter in gold’s historic rally, fueled by expectations of U.S. Federal Reserve rate cuts, a weaker dollar, and continued central bank […]
Zindigi, powered by JS Bank, has earned global recognition by winning the “Best Banking-as-a-Service (BaaS) Provider” award at the Finovate Awards 2025 held in the United Kingdom. The achievement marks a major milestone for Pakistan’s fintech industry, positioning the country as an emerging hub of digital finance innovation on the world stage. The Finovate Awards […]
Image: PakWheeks.com The auto financing dropped to Rs 317 billion in March as compared to Rs. 363.55 billion in the same month last year. This indicates a plunge of 12.83% for the ninth time in a year. In February, a drop of 2.4% was recorded bringing the figures to Rs. 325 billion, as quoted by […]
The government has approved an increase of RS 5 Per litre on petrol and RS 13 per litre on high speed diesel (HSD) with effective from March 16th. According to a statement by Finance Ministry, “In the last fortnight, Platts Singapore prices registered an increase. This along with a depreciation of Pak Rupee has resulted […]
Germany has long been considered a top destination for foreign workers, attracting individuals from all corners of the world with its strong economy, high standard of living, and diverse culture. However, recent years have seen a shift in the preferences of foreign workers, with other countries emerging as preferred destinations. In this blog post, we […]
In an attempt to reduce government expenditures, Prime Minister Shahbaz Sharif has indicated towards reducing the size of his cabinet. The members of his cabinet have suggested to cut the size by almost 50% to cope with the ongoing financial and economical crunch. While some members agree to this structural reforms, there are others who […]
The inflation in Pakistan based on Consumer Price Index (CPI) has reached 31.5% this February on a year-to-year basis compared to12.2% in February last year. The prices of commodities, housing, and transportation skyrocketed in February due to which inflation got out of control and reached 31.5%. Data released by the Pakistan Bureau of Statistics (PBS) […]
Pakistan is facing a number of challenges in 2023, and to come out of this, Pakistan definitely needs some planning and consistency. Pakistan is 75 years old now, but still lacks and faces so many challenges with the passage of time. Political instability in Pakistan: Pakistan has a history of political instability, and this is […]
Pakistan Railways has announced a 25% fare increase for its Green Line services, effective immediately. This decision was made to address the ongoing financial challenges faced by the organization, and to improve the overall quality of service for passengers. The Green Line services are a premium offering by Pakistan Railways, which includes air-conditioned coaches and […]
At the International Chambers Summit 2023, the 54 business bodies from Pakistan’s Chambers of Commerce and Industry agreed to boycott the upcoming general elections if charter is not signed by all concerned political parties. The summit was organized by the Rawalpindi Chamber of Commerce and Industry where the business community also conveyed their concerns to […]
In a recent statement, Minister of Petroleum and Natural Resources, Dar, announced that prices of petroleum products will remain unchanged until January 31st. This decision was made after a thorough review of the current market conditions and in an effort to provide relief to the general public. Petroleum products such as gasoline, diesel, and kerosene […]
Pakistan has been facing an economic crisis in recent years, which has led to a number of malls and markets closing early or shutting down completely. This has had a major impact on the country’s economy and has led to widespread unemployment and financial hardship for many people. One of the main causes of the […]
Pakistan Tehreek-e-Insaaf leader Hammad Azhar has said that according to economic experts, we have technically defaulted. After the economic team meeting chaired by Imran Khan in Zaman Park Lahore, Hammad Azhar said that the country should not be led to further economic instability, economically the country has reached the most critical point. He continued with […]
Picture: The Express Tribune Pakistan’s former finance minister Miftah Ismail was criticizing the performance of the current government and admitted that Pakistan’s default is now at an alarming level. Ismail is also part of Pakistan Muslim League – Nawaz, which is ruling the federal government in the country. In his articles, he has rejected […]
