Business
Business
Oil Prices Drop Amid Rising Interest Rates and Global Economy Concerns
Oil prices slipped on Monday as concerns about rising interest rates, the global economy and the outlook for fuel demand…
Pakistan’s State-Owned Enterprises Struggle as Losses Mount
Pakistan's state-owned enterprises (SOEs) are considered the least profitable in South Asia, with their combined losses increasing faster than their…
Pakistan’s Weekly Inflation Soars Amid Food and Petrol Price Hikes
Weekly inflation in Pakistan reached a staggering 47.23% year-on-year for the week ending April 19, driven by soaring prices of…
Finance Ministry Opposes Cross-Fuel Subsidies Proposal
The Ministry of Finance is reportedly preparing to strongly object to a preliminary summary on providing cross-fuel subsidies to maintain…
Pakistan’s Current Account Surplus Reaches $654 Million in March
Pakistan Records $654 Million Current Account Surplus in March Following Import Restrictions and Remittance Surge Pakistan's current account recorded a…
Pakistan’s LSM Sector Contracts for Eighth Consecutive Month, Affecting Economic Growth
The large-scale manufacturing (LSM) sector, which accounts for nearly one-fifth of the nation's economic growth, has experienced contraction for the…
Sales of Illegal Cigarettes Spike in Pakistan Due to Increased Excise Duty
Pakistan has experienced a surge in illegal cigarette sales due to a significant rise in federal excise duty (FED). According…
Petroleum Prices in Pakistan Set to Rise by Rs10-14 per Liter
Due to higher global oil prices, Pakistan's government intends to increase petroleum product prices by Rs10 to 14 per liter…
SBP Extends IFRS 9 Adoption Deadline for Banks
The State Bank of Pakistan (SBP) has granted an extension for adopting the International Financial Reporting Standard 9 (IFRS 9)…