Business
Business
Pakistan’s Economy Contracts Significantly in 2022-23
Pakistan's economy underwent a significant contraction in 2022-23, marked by a substantial decline in GDP size in dollar terms, growth…
Pakistan’s Economic Slowdown: A Snapshot of 0.3% Growth Amid Challenges
Pakistan's economy witnessed a stunted growth of merely 0.3% in the last fiscal year, mainly due to stringent import restrictions…
Jaffer Business Systems Acquires Imparé for Semiconductor Verification
Jaffer Business Systems (JBS) has made a significant and noteworthy acquisition by acquiring Imparé, a Silicon Valley startup specializing in…
FBR’s Changes to Motor Vehicle Tax in Upcoming Budget
The Federal Board of Revenue (FBR) is exploring various options to increase the advance tax on motor vehicle registration. The…
Gold Prices Rise in Pakistan, International Market Shows Decline
Gold Prices Surge in Pakistan, International Market Shows Decline. However, the price of gold in Pakistan continued its upward trend…
Rupee Expected to Stay Steady Against US Dollar Amid High End-Month Import Demand
With a forecasted increase in dollar demand from importers at the end of the month and no new influencing factors,…
SBP Forecasts Significant Economic Slowdown for FY23 Due to Floods and Fiscal Measures
The State Bank of Pakistan (SBP) announced on Friday that it anticipates a significant deceleration in the nation's economic growth…
SBP’s Forex Reserves Continue to Decline Amid Stalled Bailout Program
The State Bank of Pakistan (SBP) reported a continued decline in its forex reserves for the third consecutive week, reflecting…
Gold Prices in Pakistan Experience Slight Increase Amid Rupee Instability
The slight widening gap between the rupee rates against the dollar in interbank and open markets has led to a…