Business
Business
Surge in Dollar Supply as Exporters Anticipate Depreciation
Banks are seeing a dollar surplus, prompted by exporters quickly offloading their earnings in anticipation of a further fall in…
Pakistan Announces Eid ul Fitr Bank Holidays
The State Bank of Pakistan (SBP) announced that it and all banks and financial entities will close from April 10th…
IMF to Approve $1.1 Billion Disbursement for Pakistan by The End of April
Julie Kozack, the International Monetary Fund's (IMF) Director of Communications, announced that the IMF Executive Board will likely meet to…
PSX Soars: Index Climbs 660 Points to Reach New Peak
The Pakistan Stock Exchange (PSX) continued to surge on Thursday, with the KSE-100 index increasing by 660 points to set…
PIA Slashes Fares for Umrah Pilgrims and Visa Holders
Pakistan International Airlines (PIA) has declared a significant fare reduction of 30% for Umrah pilgrims and holders of Saudi resident…
Pakistan’s Energy Sector Debts Hit Rs5.5 Trillion
Despite efforts against price shocks and theft, the World Bank cites rising energy debts. They've grown by Rs135 billion, hitting…
Pakistan International Airlines Shares Up 650% Amid Privatization Moves
Following the announcement of the privatisation of Pakistan International Airlines (PIA), the company's share price experienced a dramatic surge; after…
IMF Proposes Uniform Tobacco Taxation in Pakistan for Economic Health
The International Monetary Fund (IMF) has suggested a uniform tobacco tax to counteract Pakistan's economic losses linked to the cigarette…
CPI Inflation in Pakistan Falls to 20.7%, Lowest Since May 2022
March 2024 saw Pakistan's Consumer Price Index (CPI) increase by 20.7% from the previous year, a decrease from February's 23.1%…