Business
Business
Oil Prices inched up in early trade
After falling by about 8% last week to more than three-week lows due to concerns over major economies, oil prices…
The fiscal gap of Rs900 billion is a major stumbling block in striking a staff-level agreement
The International Monetary Fund (IMF) forecasted a fiscal gap of roughly Rs900 billion, or 1% of the country's GDP, amid…
Inflation in Pakistan reaches a 14-week high
The sensitive price indicator (SPI) inflation reached a 14-week high of 2.83 percent week-over-week during the seven days that ended…
Pakistan’s exports to decline by 15.4% in January 2023
Pakistan's exports fell by 15.4% to 2.2 billion in January 2023 from $2.61 billion in the same month the previous…
Pakistan’s reserves drop 16% to $3.09bn
Pakistan continues to suffer from economic and political unrest, the rupee hit yet another record low on Thursday. The State…
US central bank increases interest rate by quarter percentage point
The Federal Reserve said it had turned a key corner in the fight against high inflation on Wednesday. However, that…
Pakistan’s inflation hits record high in January
The shortage of food products and the sharp increase in the price of petroleum products contributed to Pakistan's headline inflation…
Toyota Pakistan shuts down plant till Feb 14
Toyota Pakistan, Indus Motor Company (IMC), which makes Toyota automobiles, would "completely" shut down its production factory from February 1…
Gold prices in Pakistan roars to new record highs
The rupee has been left to the whims of the wild market forces to persuade the International Monetary Fund (IMF)…