In a remarkable streak, the Pakistani rupee (PKR) continued its ascent against the US Dollar for the 18th consecutive day, displaying a strong performance in the financial markets. The day began with the PKR opening trade at 290 in the interbank market, and it steadily gained ground throughout the trading day. By 11:30 AM, the […]
The economy of Pakistan is now experiencing turbulence, with a number of businesses across all industries declaring temporary closures. These closures are a reaction to a number of issues that have been affecting the business climate in the nation, underscoring the urgent need for economic stabilisation measures. Manufacturer of auto parts Agriauto Industries Limited said […]
The Ministry of Finance has raised concerns about the looming inflationary challenges that Pakistan is set to face in the near future. These concerns stem from a combination of factors, including the recent surge in fuel prices in September and the upward revision of energy tariffs. According to the Monthly Update & Outlook for September […]
K-Electric, the well-known power utility business servicing Karachi, has announced a new programme in an effort to relieve taxpayers and encourage financial transparency. This programme attempts to encourage a culture of fiscal discipline while rewarding income tax payers with lower electricity rates, which will benefit both utility providers and consumers. A K-Electric representative emphasised the […]
During a recent session of the Senate’s Standing Committee on Overseas Pakistanis, concerns about skilled and unskilled labor leaving the country were brought to light. Startling revelations indicated that a substantial number of Pakistanis heading abroad are actually local beggars. Chaired by Rana Mahmood-ul-Hassan Kakar, the committee disclosed that a staggering 90% of beggars arrested […]
In a remarkable streak, the Pakistani Rupee (PKR) continued its ascent against the US Dollar (USD) for the seventeenth consecutive session in the interbank market, solidifying its claim as the top-performing currency globally throughout September. At the end of today’s trading session, the local currency saw a noteworthy gain of Rs. 1.01 against the USD, […]
Unexpectedly, the Afghan Afghani (AFN), the currency of Afghanistan, has recently become the best-performing currency in the world. Economists and financial professionals are interested by this surprising development since it challenges the accepted wisdom about the nation’s economic status. In this essay, we examine the causes of the Afghani’s exceptional achievement as well as any […]
During a session of the Senate Standing Committee on Cabinet Secretariat, it was disclosed on Wednesday that consumers have incurred a charge of Rs. 45.06 per unit for electricity, encompassing capacity charges, energy charges, and the margin for Distribution Companies (DISCOs). The committee convened at Parliament House, presided over by Senator Saadia Abbasi as Chairperson, […]
Audio quality is crucial in the constantly changing world of video content development for offering a compelling and immersive viewing experience. Look no further if you’re a videographer, YouTuber, or content creator looking to up your video production game. A fresh face on the microphone scene is arrived to transform your audio recording and advance […]
One of the biggest online markets in South Asia, Daraz, provides an engaging platform for people and companies to sell goods and generate cash. Daraz offers a worthwhile opportunity, whether you’re an aspiring entrepreneur, an established business owner, or just seeking for methods to make additional money. We’ll look at how to properly generate money […]
Consumers can breathe a sigh of relief as petroleum prices are poised to decline, thanks to the Pakistani rupee’s resurgence against the US dollar. Interim Information Minister Murtaza Solangi delivered this welcome news during a press conference at the Karachi Press Club. Solangi credited the stronger rupee, which has gained Rs. 30 to Rs. 35 […]
During a lengthy two-and-a-half-hour meeting, Caretaker Federal Minister for Finance, Dr. Shamshad Akhtar, provided reassurances to the Pakistan Business Council (PBC) regarding the interim government’s efforts to curb smuggling and bridge the gap between inter-bank and open market exchange rates, with the aim of achieving economic stability. The PBC commended the government’s determination in addressing […]
During a recent session, the Senate Standing Committee on Finance received unsettling news regarding the imminent closure of the Small and Medium Enterprises (SME) Bank in Pakistan. Tahir Qureshi, the President of SME Bank, provided a comprehensive overview of the bank’s closure process, revealing that 18 branches have already been shuttered, with an additional 5 […]
Over the past 10 years, digital currency, often known as cryptocurrency, has been the subject of debate and innovation on a global scale. Although Pakistan’s adoption of digital currency has been rather sluggish, recent events seem to indicate that the nation is becoming more receptive to learning about its potential and difficulties. We will explore […]
Amidst soaring energy bills burdening the general public, the Ministry of Energy has dashed any hopes of government employees receiving free electricity. With an annual cost amounting to Rs. 25 billion, the Ministry of Energy has proposed the discontinuation of free electricity privileges for approximately 200,000 government employees. Although interim Prime Minister Anwar-ul-Haq Kakar had […]
The International Monetary Fund (IMF) has expressed grave concerns regarding the rampant illicit trade of 120,000 tons of petroleum products each month within Pakistan. Citing well-informed sources relayed to ProPakistani, the IMF has now formally requested an explanation. In response to this concerning situation, the IMF has taken the initiative to demand a comprehensive report […]
The demand for inexpensive and fuel-efficient transportation has significantly increased in Pakistan, a nation famous for its varied landscapes and busy streets. The demand for inexpensive motorcycles has increased recently, providing many Pakistanis with a viable transportation option. This article examines how inexpensive motorcycles are becoming more popular in Pakistan and how they are altering […]
Pakistan is one of the leading remittance-receiving countries in the world, with millions of overseas Pakistanis sending money back home to support their families and friends. According to the World Bank, Pakistan received $31.3 billion in remittances in 2022. With the advancement of technology and the rise of digital payments, many Pakistanis are now using […]
In today’s world, the quest for sustainable and environmentally friendly energy sources has never been more critical. One of the most promising solutions to this challenge is solar energy. Solar energy systems, which capture and convert sunlight into electricity, have gained immense popularity in recent years. This article explores the remarkable benefits of solar energy […]
Due to recent fluctuations in currency values and the ever-increasing global oil prices, consumers should brace themselves for an imminent surge in petroleum product costs later this week. As reported by various media outlets, the forthcoming price hike is anticipated to be significant, with petrol and high-speed diesel (HSD) witnessing an estimated increase of Rs. […]
