As the country continues to brave rising inflation, interim Finance Minister Shamshad Akhtar on Wednesday warned that Pakistan’s economic situation was “worse than anticipated” and the government did not have “fiscal space” to provide subsidies. Her remarks, made during a meeting of the Senate’s Standing Committee on Finance today, asserted that the interim set-up had مزید پڑھیں

The International Monetary Fund (IMF) on Wednesday asked Pakistan to share the plan in writing to provide relief in electricity bills as the protests continue countrywide. According to media report, the development comes after the caretaker government decided to seek the lender’s nod before announcing any relief to the consumers. A meeting of the federal مزید پڑھیں

The US dollar continues its steady flight upwards as the Pakistani rupee faces record-breaking battering in the currency exchange market. The American currency shattered records further as it opened the new trading session on Wednesday morning with a surge of 70 paisas in the interbank market. It traded at a record value of Rs303.75 against مزید پڑھیں

The Ministry of Petroleum has prepared a plan to increase gas prices by 55-60 percent in order to get rid of the revolving debt of the gas sector. This plan will be implemented after the approval of the federal cabinet. Under the plan, a national gas price will be set for the entire country, based مزید پڑھیں

Amidst the unresolved issue of excessive electricity bills, a new concern looms as consumers brace for a potential added burden in the form of fuel price adjustments. Details reveal the imminent prospect of a rise in electricity rates by Rs 2.7 per unit. The National Electric Power Regulatory Authority (Nepra) is scheduled to deliberate on مزید پڑھیں

The US dollar’s relentless surge against the Pakistani rupee shows no signs of abating, reaching record highs in both the interbank and open markets on the second day of the business week. According to details, the dollar’s value climbed by an additional 75 paisas in the interbank market, settling at an alarming 302.75 rupees. In مزید پڑھیں

The first convoy of cargo trucks is on its way from China to Pakistan, as trade started between Pakistan and China under international road transport. Cross-border transportation of goods has for the first time started under the United Nations International Road Transport Convention in collaboration with National Logistics Corporation of Pakistan and CEVA Logistics, a مزید پڑھیں

The Pakistani rupee continued to remain under historic pressure against the American dollar, as it lost further value on Thursday morning. At the start of trading on Thursday, the greenback gained a further 36 paisas and reached the historic Rs300 milestone in the interbank market also. In the open market, the US currency had crossed مزید پڑھیں

The National Electric Power Regulatory Authority (NEPRA) has raised the power tariff by Rs5.40 per unit in terms of quarterly adjustment. The authority has said that it not possible to provide relief to the consumers in the existing structure of electricity distribution companies. However, the new tariff will not be applicable to lifeline and K-Electric مزید پڑھیں

The Pakistani rupee fell by Rs1.52 against the US dollar during interbank trade on Tuesday, extending its losses from the previous week. The greenback was changing hands in the interbank market at a record Rs298.65 at around 1pm. In the open market, the dollar was changing hands for Rs306. The local currency closed at Rs297.13 مزید پڑھیں