Business
Business
SBP Eases Trade Regulations, Allows Advance Payments for Imports
The State Bank of Pakistan (SBP) has recently implemented a significant change in trade regulations, notably easing the process for…
NEPRA Considers Major Electricity Tariff Increase of Rs5.62 per Unit
The National Electric Power Regulatory Authority (NEPRA) has preliminarily proposed increasing electricity prices. Based on December's fuel price adjustment, the…
Massive Rs81.5 Billion Electricity Tariff Hike Looms for Pakistan Consumers
Electricity consumers in Pakistan may soon face a major financial burden. Power Distribution Companies (DISCOs) request the National Electric Power…
Pakistan’s Trade Crisis: Surge in Freight Charges Due to Red Sea Tensions
Pakistan's Red Sea trade crisis has led to a dramatic increase in freight charges. Charges have risen by 150%, significantly…
IMF Optimistic Global Economic Growth, Upgrades 2024 Forecast
The IMF has slightly raised its global economic growth forecast, reflecting a positive shift in the United States and China's…
PSX Plummets Over 900 Points Amid Political Uncertainty and Foreign Selling
The Pakistan Stock Exchange (PSX) witnessed significant losses on Tuesday. The KSE-100 index dropped sharply by over 900 points, marking…
Budget Deficit Skyrockets Over 50% in Pakistan Amid Economic Strain
Pakistan's budget deficit has expanded by over 50% due to a surge in interest payments, which reached Rs4.2 trillion in…
Pakistan’s First Online and Physical Gold Trading Company Begins Operations
Pakistan will witness the inauguration of its first official online and physical gold trading company. This initiative is expected to…
SBP to Replace Currency Notes in 2024 for Enhanced Security
In February 2024, the State Bank of Pakistan (SBP) will start replacing most current currency notes to reduce corruption and…