Business
Business
Pakistani Rupee Hits Record Low Amid Political Turmoil
The Pakistani rupee has experienced a record-low value amid the political turmoil and clashes following the arrest of Pakistan Tehreek-e-Insaf…
Iranian Fuel Smuggling Surges in Pakistan, Impacting Diesel Sales
The Pakistan Petroleum Dealers Association (PPDA) has raised concerns over the increasing smuggling of Iranian fuel into Pakistan, stating that…
Pakistan Faces Default Risk Without IMF Program: Moody’s Warning
Moody's Investor Service has expressed concerns over Pakistan's ability to meet its financial obligations beyond June 2023 without an International…
ADB Urges Pakistan to Implement Structural Reforms and Targeted Subsidies for Sustainable Economic Growth
Stressing the need for structural reforms, the Asian Development Bank (ADB) advised Pakistan to provide targeted subsidies to mitigate inflationary…
Customers Hope for Lower Vehicle Prices After Regulatory Duty Abolition
All Pakistan Motors Dealer Association (APMDA) Chairman Haji Mohammad Shehzad said Saturday that the abolition of regulatory duty would significantly…
Record Weekly Inflation in Pakistan: Food Prices Drive 48.35% YoY Increase
The official data for weekly inflation in Pakistan has hit a record high of 48.35% year-on-year (YoY) for the week…
FRB’s Tax Officers Seek to Leave Amid Protests Over Low Wages and Discrimination
Amid a critical period, Federal Board of Revenue (FBR) tax officers are seeking a two-month leave to protest low wages…
Federal Reserve Hikes Interest Rates, Hints at Potential Pause
The Federal Reserve implemented a quarter-point interest rate hike, increasing the overnight rate to 5.00%-5.25%, marking the tenth consecutive rise…
IMF Boosts Asia’s Economic Outlook Amid China’s Recovery, Cautions About Risks
The International Monetary Fund (IMF) increased its outlook for Asia's economy, crediting China's economic rebound for boosting growth. The IMF…