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Pakistan’s inflation reaches 24.5pc in December
The Consumer Price Index (CPI) shows an increase in inflation in Pakistan of 24.5% in December from 12.3% last year,…
Dar orders FBR to meet tax collection goals
Finance Minister Ishaq Dar has urged the Federal Board of Revenue (FBR) to achieve the tax collection target after missing…
Pharmaceutical companies threaten to stage protest
The pharmaceutical companies have warned the government to begin protests on January 5 country-wide if the federal government does not…
Pakistan decides to outsource three airports
The government resolved to hire international operators to handle Islamabad, Lahore, and Karachi airports to attract foreign investment and provide…
The largest fortune fall in modern history
Elon Musk has endured the greatest loss of wealth in modern history, losing more than $208 billion in the last…
SBP hikes export financing markups to 13%
The State Bank of Pakistan (SBP) boosted export finance markup rates by 200 basis points. The Circular was issued late Thursday to reduce the spread between the policy rate, Export Finance Scheme (EFS), and…
SBP forex reserves hit near 8-year low at $5.821bn
Due to debt servicing, the State Bank of Pakistan's foreign reserves declined from $294 million to $5.821 billion. This leaves…
Nishat Chunian closes operations partially
Nishat Chunian Limited (NCL), one of Pakistan's leading textile enterprises, has partially shut down operations next month owing to market…
Tariffs on baby formula imports will return in 2023
The Wall Street Journal reported on Wednesday that the imported baby formula would again be subject to tariffs again in…