Consumer prices witnessed an increase in the outgoing week on the back of wheat flour, gas, diesel, eggs, onion, rice, cigarettes and bananas, taking the weekly inflation to 44.49% on an annual basis, the official data showed on Friday. The short-term inflation, measured by Sensitive Price Indicator (SPI), for the current week ended on April مزید پڑھیں

The International Monetary Fund (IMF) has confirmed that it has received confirmation from Saudi Arabia on $2 billion in additional deposits to Pakistan. Islamabad has been negotiating with the IMF since the end of January for the release of $1.1 billion from a $6.5 billion bailout package agreed upon in 2019. To unlock the funding, مزید پڑھیں

Pakistani rupee sinks further falls to new low of 288 against US dollar. Pakistan’s rupee touched a record low on Tuesday as the country struggles to unlock critical International Monetary Fund (IMF) funding while dwindling foreign exchange reserves become another source of concern for investors. The local unit, in the interbank market, is trading at مزید پڑھیں

The State Bank of Pakistan (SBP) has decided to hike the policy rate by 100 basis points (bps) to 21 per cent, its highest-ever level, according to a press release issued on Tuesday. The announcement came after a meeting of the bank’s Monetary Policy Committee (MPC). “The MPC noted that inflation in March 2023 rose مزید پڑھیں

Oil prices soared Monday after top producers unveiled a shock output cut of more than a million barrels, while equities mostly rose after data showed US and European inflation eased further last month. However, the decision by the Organisation of the Petroleum Exporting Countries OPEC+, the cartel, which has other top non-OPEC oil-exporting nations, fanned مزید پڑھیں

Minister of State for Petroleum Dr. Musadik Malik says Pakistan will import cheap oil from Russia next month to facilitate general public. Talking to a private news channel, he said the government has been successful in finalizing talks with Russia in this regard. The Minister of State said the first shipment will reach Pakistan next مزید پڑھیں

Finance Minister Ishaq Dar said that the negotiations between the government and the International Monetary Fund (IMF) are going well and it is expected to get positive news in this regard in the near future. Addressing the oath-taking ceremony of the Islamabad Industrial Association in Islamabad he said the role of the business community in مزید پڑھیں

After exiting the grey list of Financial Action Task Force (FATF), Pakistan has achieved another major milestone as European Union (EU) has removed Pakistan from the list of High Risk Third Countries. The European Commission has removed Pakistan from the List of High Risk Third Countries, which have strategic deficiencies in their Anti Money Laundering/Countering مزید پڑھیں

The International Monetary Fund (IMF) has acknowledged that Pakistan’s economy faced multiple challenges, including high inflation and interest rates as well as low foreign exchange reserves. Julie Kozack, the director for strategic communications of IMF, underlined this at a virtual news briefing the other day where she also referred to the talks the IMF had مزید پڑھیں

India’s parliament on Friday disqualified the leader of the main opposition Congress party, Rahul Gandhi, a day after a court jailed him for two years in a defamation case loosely linked to the prime minister, parliament said in a statement. Gandhi “stands disqualified from the membership of Lok Sabha”, parliament said, referring to the lower مزید پڑھیں