Lacklustre demand for cement, witnessed as part of the recent slowdown, is likely to persist, and as a consequence, apply pressure on the pricing power of cement manufacturers. “As per the data available, around 580,000 houses have been fully damaged due to the floods,” said Waqas Ghani Kukaswadia, Cement Sector Analyst at JS Global in مزید پڑھیں

The business community has expressed dissatisfaction over management of the country’s economic affairs by the government, saying it has now become impossible for industrialists to continue their business operations. The prime concern these days for the industrialists is the energy-fuelled inflation, which is forcing many to halt operations as their business has become unviable. “No مزید پڑھیں

The Pakistani rupee continued to nosedive against the US dollar on Monday in the interbank market as the latter increased to Rs238. The rupee lost around Rs1.16 in value as it slid from Rs236.84 to Rs238, the level at which the dollar stood when the interbank market had closed on Friday. So far this month, مزید پڑھیں

Pakistan can import oil from Russia on deferred payment as both countries are in talks to discuss the possibility, a senior government functionary revealed on Sunday after the recent meeting between Prime Minister Shehbaz Sharif and Russian President Vladimir Putin on the sidelines of Shanghai Cooperation Organisation (SCO) in Samarkand. The official, when asked, rejected مزید پڑھیں

The International Monetary Fund (IMF) on Sunday said that it was “deeply saddened” by the devastating impact of the floods in Pakistan. “Our sympathies go to the millions of victims of the floods. We will work with others in the international community to support, under the current programme, the authorities’ relief and reconstruction efforts, and مزید پڑھیں

The prices of various items including pickles, biscuits, jellies, shoe polish, razor blade, toothpaste, dish wash, honey and noodles at the Utility Stores Corporation have witnessed an increase. According to a USC notification issued on Saturday, the price of 100-gram toothpaste has been increased by Rs10 to Rs143 from Rs133. The price of 275-gram dish مزید پڑھیں

The Saudi Fund for Development (SFD) on Sunday confirmed the rollover of an $3 billion deposit for Pakistan, which will be maturing on December 5 for a period of one year. Taking to its official Twitter account, the State Bank of Pakistan (SBP) made the announcement and said that under the programme, the deposit is مزید پڑھیں

Prices of flour have reached an all-time high in the country as a 20-kg flour bag is being sold at Rs2400 in Karachi and Quetta, said the Pakistan Bureau of Statistics (PBS). According to the data released by the PBS, in Quetta with an increase of Rs480 per 20Kg during the last 15 days, flour مزید پڑھیں

The Pakistani rupee continued to lose its value for the tenth consecutive session, falling by Rs0.68 against the US dollar in interbank market. According to Forex Association of Pakistan (FAP), the local currency was trading at Rs235 against the dollar in interbank market after losing Rs0.68 during intraday trading. The association noted that the banks مزید پڑھیں

The petrol price is likely to go down by Rs9.63 per litre for the next fortnight, however, the prices of diesel are expected to go up. Reports said that the Oil and Gas Regulatory Authority (OGRA) has recommended decrease in petrol prices for remaining fifteen days of ongoing month, September. However a final decision about مزید پڑھیں