Government may increase prices of petroleum products by up to Rs20 per litre. On August 15, the government increased the petrol price by Rs6.72 per litre, while slashed diesel price by Rs0.51. The price of petrol was fixed at Rs233.91 per litre, diesel at Rs244.44 per litre, kerosene oil is being sold for Rs199.40 per litre, مزید پڑھیں

Pakistan’s current account deficit – the difference between the country’s foreign expenditure and income – narrowed down by a staggering 45% to $1.2 billion in July. The development sends positive signals, as it supports the stabilisation of foreign exchange reserves and the rupee against the US dollar. Pakistan’s central bank, the SBP, reported the current مزید پڑھیں

The Pakistani rupee continued to lose ground against the US dollar during in the interbank market as the country faces a currency shortage. The local unit closed at 217.66 after losing Re1 against the greenback in the interbank market following a currency crunch, which according to analysts is taking place due to the new rules مزید پڑھیں

Prime Minister Shehbaz Sharif has invited Qatari investors to invest in Pakistan’s energy, aviation, agriculture and livestock, maritime, tourism and hospitality sectors. He was talking to a delegation of the Qatar Investment Authority in Doha today (Tuesday). The Prime Minister underlined Pakistan’s unique geographic and demographic advantages, which combine its strategic location with a huge مزید پڑھیں

Prime Minister Shehbaz Sharif announced fixed taxes have been abolished for retailers and more than 1.7 million people will now be exempt from fuel charges adjustment on electricity bills. Addressing the nation on Tuesday from Qatar where he arrived today on a two-day trip the premier said that fixed taxes were imposed on the people in مزید پڑھیں

Prime Minister Muhammad Shehbaz Sharif on Saturday immediately suspended fixed sales tax collection through the electricity bills. The prime minister also directed for an inquiry over the levy of increased sales tax ratio on shopkeepers/ retailers, in the electricity bills other than the agreed one. The PM issued these directives while presiding over a meeting مزید پڑھیں

The federal government on Friday appointed Jameel Ahmad as the new governor of the State Bank of Pakistan (SBP). He was previously the central bank’s deputy governor. “In exercise of powers conferred under Section 11A(1) read with Section 14(1) of the State Bank of Pakistan (SBP) Act 1956 (Amended 2022), Jameel Ahmad is appointed as مزید پڑھیں

Finance Minister Miftah Ismail, in a press conference alongside members of the economic team, said that the import ban on non-luxury items was placed in line with the IMF’s demands. Miftah said that after the import ban, it became easier for the government to import necessary commodities, which were essential for the masses. The finance مزید پڑھیں

Addressing Leaders in Islamabad Business Summit in Islamabad, Finance Minister Miftah Ismail has said the government is focusing on enhancing exports. He assured to extend facilitation to the companies in exporting their products to the international market. He stressed that every company should export at least ten percent of their products to earn valuable foreign مزید پڑھیں

Pak Suzuki Motor Company Limited (PSMCL) announced on Tuesday that the prices of various models have been reduced by Rs75,000-199,000 effective August 16, citing rupee appreciation against the dollar. The company has closed advance bookings of vehicles since July 1. The Alto VX, VXR, and AGS models now cost Rs1.699 million, Rs1.976m, and Rs2.223m, respectively.Wagon مزید پڑھیں