IMF asks Pakistan to hike gas tariff
In a significant development, the International Monetary Fund (IMF) has reportedly urged Pakistan to raise gas tariffs, escalating economic tensions.…
Category: Economy
China Overtakes Japan as World’s Top Vehicle Exporter, Fueled by EV Boom
China’s roaring auto industry has roared past Japan, claiming the title of the world’s biggest vehicle exporter in 2023. This…
Mehran Engineers Forum hosted a successful Strategy Meetup 2024 at Clock Tower Karachi
Mehran Engineers Forum is the platform to unite engineers, fight for their rights, and provide a platform for professionals and…
Iran Extends Gas Pipeline Project Deadline with Pakistan Amidst Heavy Warning
Iran has granted Pakistan a 180-day extension for the gas pipeline project, pushing the deadline to September 2024. The extension…
SBP announces new currency design for all notes
The State Bank of Pakistan (SBP) Governor Jameel Ahmed has declared a significant decision to revamp the existing currency system…
IMF Review Mission Set for Post-Election Scrutiny of Pakistan’s Economic Reforms
In a pivotal move, the International Monetary Fund (IMF) is gearing up to dispatch its review mission to Pakistan following…
Onion prices further hike in Pakistan
Onion prices in Pakistan have witnessed a sharp surge, reaching Rs. 320 per kg, according to the latest data from…
IMF Directs Pakistan on Fiscal Discipline: No Supplementary Grants Until New Government Formation
The International Monetary Fund (IMF) instructs Pakistan to refrain from approving supplementary grants until the post-election formation of a new…
Pakistan’s Foreign Exchange Reserves Dip to $13.15 Billion Amid Debt Repayments
According to the State Bank of Pakistan (SBP) data, Pakistan’s liquid foreign exchange reserves have decreased to $13.1451 billion as…
Pakistan’s SMEs Get a Boost with First-Ever Credit Guarantee Company
ISLAMABAD, Pakistan – Small and medium-sized enterprises (SMEs) in Pakistan have reason to celebrate. The Finance Ministry has launched the…
Pakistan Requests $2 Billion Loan Extension from UAE
Pakistan has officially sought an extension for the maturity date of a $2 billion loan from the United Arab Emirates…
FBR exposes Rs 16 billion fraud
The Federal Board of Revenue (FBR) has uncovered a massive financial scandal in Islamabad, exposing a Rs 16 billion fraud…
NEPRA Increased Electricity Tariff in Karachi: K-Electric News 2023
Karachi, Pakistan’s vibrant metropolis, is facing an upward surge in electricity costs following a recent decision by the National Electric…
PSO deals with massive financial crisis as receivables cross Rs. 800 Billion
Pakistan State Oil (PSO) is grappling with a financial crisis as its receivables have surged to a staggering Rs. 802…
PKR records its 6th consecutive day of gains against USD
In a positive trend, the Pakistani rupee extended its winning streak against the US Dollar for the sixth consecutive day…
Government Slashes Petroleum Prices to Ease Inflation Woes
In a bid to provide much-needed relief to the inflation-stricken masses, the federal government has announced substantial cuts in the…
Tea prices drop at utility stores
In the week ending on December 14, the prices of branded tea at Utility Stores in Pakistan experienced a notable…
LESCO cracks down on power theft with cutting-edge technology
Lahore Electric Supply Company has implemented the latest technology in its network to combat widespread electricity theft. This is a major…
Good News for Pakistani Freelancers! Interest-Free Loans and E-Working Centers Announced
Pakistani freelancers, rejoice! The Ministry of Information Technology and Telecommunication has announced a revolutionary initiative to empower and boost their…
New Raast P2M Service Launched to Boost Digital Payment Acceptance in Pakistan
The State Bank of Pakistan (SBP) has launched a new Raast Person-to-Merchant (P2M) payment service to make it easier for…