Category: Economy
RCCI Sets Deadline for Electricity Price Rollback Demand
The Rawalpindi Chamber of Commerce and Industry (RCCI) has issued a stern ultimatum to the government, setting a deadline of…
Saudi Arabia Introduces New Temporary Work Visa for Foreigners
Saudi Arabia has launched a new Temporary Work Visa to attract skilled short-term workers. The new visa is easier to…
Another mishandling by Pakistan: IMF likely to be furious
The International Monetary Fund (IMF) is poised to scrutinize Pakistan’s government for its delay in notifying the gas tariff increase…
Gas Shortage in Karachi: CNG and Industries Face Supply Interruptions
Due to a critical shortage of natural gas in Karachi, the Sui Southern Gas Company (SSGC) has made the tough…
Nepra Approves Rs. 5.40 per Unit Power Tariff Increase for FY23 Q4
The National Electric Power Regulatory Authority (Nepra) has given the green light for a Rs. 5.40 per unit hike in…
PIA Grounds 11 Aircraft Amidst Severe Financial Crisis
In a troubling development, Pakistan International Airlines (PIA) has been forced to ground a significant portion of its aircraft fleet,…
Lucky Cement Starts 2nd Solar Plant to Save Rs 0.5bn/Year
Lucky Cement’s second solar power plant is up and running. The project is initiated with the objective to reduce the…
Price of gold surges to 5000 PKR per tola within a week
In a continued trend, the price of gold in Pakistan marked its fifth consecutive day of growth this week, culminating…
Suspension of ‘Cheap’ Russian Crude Import Due to Imbalanced Refining Process
Recent developments reveal a pause in the import of what was once touted as ‘inexpensive’ Russian crude oil, triggered by…
IMF delegation to visit Pakistan to assess economic conditions after $3 Billion loan
Pakistan is gearing up for a crucial economic review as the International Monetary Fund (IMF) prepares to send its delegation…
USAID Announces Scholarships for Flood-Affected Students
The United States Agency for International Development (USAID) has announced scholarships for flood-affected students in Pakistan. The scholarships will cover…
SECP Cracks Down on Loan Apps, Protects Borrowers
The Securities and Exchange Commission of Pakistan (SECP) has announced new rules to crack down on predatory loan apps and…
Pakistan’s Homegrown Messaging App Will be Available for Public Use Within a Year
In an interesting turn of events, Syed Aminul Haque, Federal Minister for IT and Telecommunication revealed Pakistan’s first-ever WhatsApp like…
SPI Shows Weekly Inflation Increase in Pakistan
According to the official data from Pakistan Bureau of Statistics (PBS) released on Friday, the Sensitive Price Indicator (SPI) revealed…