Farming has been a cornerstone of Pakistan’s economy for centuries, providing livelihoods to millions of people and contributing significantly to the nation’s GDP. As we look ahead, the future of farming in Pakistan is both promising and challenging. This article explores the key trends, innovations, and challenges that will shape the future of agriculture in […]
On Friday, the National Electric Power Regulatory Authority (NEPRA) made a significant announcement, notifying a hike of Rs. 1.46 per unit in electricity prices, attributed to fuel cost adjustment (FCA), applicable to ex-Wapda distribution companies (DISCOs). This adjustment is set to impact all consumer categories, with two notable exceptions: Electric Vehicle Charging Stations (EVCS) and […]
Caretaker Information Minister Murtaza Solangi swiftly dismissed a counterfeit letter that had been circulating on Thursday, falsely asserting the government’s intent to prohibit Rs5,000 banknotes starting September 30. On his social media platform, Solangi emphasized that the government would take action against those disseminating such false information, intending to stir up turmoil. The counterfeit letter […]
Amidst the economic landscape of August 2023, the Ministry of Finance raised a flag of concern regarding the nation’s inflationary journey. Two significant fuel price surges and an upward adjustment in energy tariffs in the month were the culprits behind this apprehension. In their Monthly Update & Outlook report, the Ministry emphasized the international commodity […]
Domestic gold prices in Pakistan sustained a downward trend for the second consecutive day on Tuesday, reflecting a 0.48% depreciation of the local currency against the US dollar in the interbank market. Data provided by the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA) revealed that the price of 24-karat gold dropped by Rs6,300 per tola […]
Working smarter rather than harder is the key to earning smarter money. Knowing how to maximise your income is critical in today’s dynamic environment, where chances abound. This article will examine methods for smart earning, whether you want to increase your current income, put money away for the future, or invest in your long-term financial […]
In July 2023, the federal government’s total public debt stock witnessed a significant YoY increase of 22.1%, rising to Rs. 61.747 trillion compared to Rs. 50.567 trillion in the same month the previous year, marking an Rs. 11.180 trillion surge. This substantial growth in debt was revealed in the monthly data released by the State […]
Interim Prime Minister Anwaarul Haq Kakar made a significant announcement on Monday, sharing that the Kingdom of Saudi Arabia (KSA) is poised to inject a substantial $25 billion into Pakistan over the next two to five years, as reported by Reuters. During his media briefing on Monday, Kakar unveiled the exciting news of Saudi Arabia’s […]
The majority of business community in Pakistan is not very “hopeful” about the ability of caretaker government to cope up with the financial challenges the country is facing. Hence, they fear there is an imminent danger of default, reveals a latest survey conducted by Gallup Pakistan. More than 500 business owners were asked if they […]
The International Monetary Fund (IMF) has declined the interim government’s proposed electricity relief plan, citing discrepancies in the allocated funds for its implementation, as disclosed by sources within the finance ministry to Aaj News. The lending institution, which entered into a bailout agreement with Pakistan in July of this year, has requested a revised plan […]
Italian Ambassador to Pakistan, Andreas Ferrarese, held a productive meeting with Dr. Gohar Ejaz, the Caretaker Federal Minister for Commerce and Industries and Production, on Monday, with a keen focus on enhancing trade relations between Italy and Pakistan. In the high-level discussion, both parties underscored the necessity of exploring new avenues for business, emphasizing the […]
In the past sixteen months, more than 1,600 textile factories in the country have ceased operations, as reported by Interim Commerce Minister Dr. Gohar Ijaz. The closure of these factories has impacted the entire textile value chain, encompassing ginning, weaving, spinning, processing, and garment manufacturing, with many industries now operating at reduced production levels. Dr. […]
The Pakistani rupee’s persistent decline against the US Dollar has been a topic of concern as it continues to set new records in the financial landscape. Today, as the trading day commenced, the rupee opened at 304.1 in the interbank market, setting the stage for another day of fluctuations and market dynamics. Around noon, the […]
The leading global fintech platform, ACE Money Transfer has entered into a new partnership with Pakistan’s Bank Alfalah to create awareness among overseas Pakistanis about sending remittance back home safely. Both the financial institutions announced their collaboration in the presence of Pakistan Cricket Team Captain Babar Azam, who is their new brand ambassador and is […]
Why do People prefer doing business in Dubai including Pakistan? Introduction Dubai, a city renowned for its distinctive skyline, opulent lifestyle, and quick development, has recently become a major center for international trade. Entrepreneurs and investors from all over the world have been drawn to it by its advantageous location, business-friendly legislation, and cutting-edge infrastructure. […]
In August 2023, Pakistan’s Consumer Price Index (CPI)-based inflation experienced a slight decline, coming in at 27.4 percent year-on-year, compared to the previous month’s 28.3 percent and August 2022’s 27.3 percent, according to the Pakistan Bureau of Statistics (PBS). On a month-on-month basis, inflation decreased to 1.7 percent in August 2023, a significant drop from […]
The voyage of the inaugural vessel, loaded with an impressive cargo of 55,000 tons of wheat, has commenced its journey from Russia. All indications point to its arrival at Karachi Port, Pakistan, on September 8th, swiftly followed by a second vessel scheduled to make port in Pakistan on September 14th. Navigating the Wheat Importation Challenge […]
These days, the internet users are bombarded with information left, right and centre making it difficult to select topics that they find more interesting than the others. Flipboard realizes how important your time is and exposes you only to the information that you are looking for. The Flipboard app redefines the overall internet experience by […]
The assembler of Toyota vehicles in Pakistan, Indus Motor Company (IMC), announced a 39% decline in net profit for the current financial year that ended on June 30, 2023. The company believes diminishing demand of four-wheelers, rupee devaluation and skyrocketing cost of car financing are responsible for the decline in profit. The company’s profit after […]
The Rawalpindi Chamber of Commerce and Industry (RCCI) has issued a stern ultimatum to the government, setting a deadline of August 29 for the withdrawal of the recent electricity price hike. In a press conference held on Saturday, Saqib Rafiq, the President of RCCI, declared that if the government fails to heed their demand and […]
