Finance minister Miftah Ismail on Sunday said that the Pakistani rupee, which has taken a beating against the US dollar in recent weeks, should see some improvement “in the two weeks”. Ismail was addressing a press conference to speak about Pakistan’s economic path forward. “I really think — although I never like to speculate on مزید پڑھیں

Dollar soared to a new high in the interbank market due to political uncertainty in the country and was traded at Rs240 on Thursday. The rupee lost 3.98 during the intraday trade. The local unit closed at 236.02 per dollar on Wednesday, falling by 1.31% during the session. In the international market, the dollar is مزید پڑھیں

The National Electric Power Regulatory Authority approved a Rs9.89 per unit hike in the electricity tariff. According to details, the Nepra heard the request of Central Power Purchasing Agency (CPPA) for increasing the electricity tariff on account of the monthly fuel-cost adjustment for the month of June. After the approval, the electricity consumers will have مزید پڑھیں

Minister of State for Foreign Affairs Hina Rabbani Khar will represent Pakistan at 20th Developing-Eight Council of Foreign Ministers meeting to be hosted by Bangladesh. With intra-D-8 trade target of five hundred billion dollars conceived under Decennial Road Map 2020-30, the Minister of State would be encouraging D-8 countries to swiftly implement the existing Preferential مزید پڑھیں

A high-level meeting chaired by Prime Minister Muhammad Shehbaz Sharif in Islamabad on Tuesday reviewed the current reserves of wheat in the country. The meeting was informed that the current wheat production in the country was estimated at 26.389 million metric tons while the previous year’s reserves were 1.806 MMT. The total reserves are 28.199 مزید پڑھیں

State Bank of Pakistan (SBP) Acting Governor Dr Murtaza Syed has refuted talk that the country was headed towards an economic catastrophe, saying “Pakistan is not vulnerable as [is] being assumed amid burgeoning global inflation”. Dr Syed made this observation during a podcast conducted by the SBP on Saturday discussing the overall economic situation. This مزید پڑھیں

Acting Governor State Bank of Pakistan (SBP) Dr Murtaza Syed on Saturday said Pakistan’s $33.5 billion external financing needs were fully met for financial year 2022/23, adding that “unwarranted” market concerns about its financial position will dissipate in weeks. Fears have risen about Pakistan’s stuttering economy as the rupee fell nearly eight per cent against مزید پڑھیں

President Dr. Arif Alvi has urged the business community to fulfill its corporate social responsibility to uplift the society. Addressing the ceremony of Islamabad Chamber of Commerce and Industry Business Excellence Awards 2022 in Islamabad, he asked the chamber’s members to take concrete and affirmative steps for women inclusion in different business sectors to utilize مزید پڑھیں

The ruling PML-N’s thumping in the Punjab by-elections that has triggered political uncertainty along with import pressure took the Pakistani rupee to a new low against the US dollar in the inter-bank market Monday. At the opening of the market, the rupee depreciated against the greenback by Rs1.05. It remains to be seen where the مزید پڑھیں

The stocks plunged Monday during the intraday trade as the benchmark KSE-100 lost nearly 750 points after uncertainty surrounded Pakistan’s political arena. Investors reacted with panic to the depreciating Pakistani rupee against the US dollar and political uncertainty in the wake of the preliminary results of the by-polls in Punjab. At the beginning of the مزید پڑھیں