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CPI inflation clocks in at 6.9pc for September, marking 44-month low

Pakistan’s consumer price index (CPI) in September clocked in at 6.9 per cent year-on-year (YoY), data from the Pakistan Bureau of Statistics (PBS)...

01.10.2024 30

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CPI inflation clocks in at 6.9pc for September, marking a 44-month low

Pakistan’s consumer price index (CPI) in September clocked in at 6.9 per cent year-on-year (YoY) , data from the Pakistan Bureau of Statistics (PBS)...

01.10.2024 10

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Govt slashes petrol price by Rs2.07, high-speed diesel by Rs3.4

The federal government on Monday slashed the petrol price by Rs2.07 and that of high-speed diesel (HSD) by Rs3.4 per litre for the next fortnight....

30.09.2024 10

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Tax filers doubled during current fiscal year: finance minister

Finance Minister Muhammad Aurangzeb on Sunday said that tax filers for the current fiscal year had nearly doubled as compared to last year, stating...

29.09.2024 20

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IMF board stresses sustained programme implementation, widening tax base

The executive board of the International Monetary Fund (IMF) has stressed the “sustained implementation” of the new $7 billion bailout package, as...

28.09.2024 30

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Finance Minister Aurangzeb hopeful of IMF review tomorrow

Finance Minister Muhammad Aurangzeb on Tuesday said that the government remained “very hopeful” regarding the International Monetary Fund...

24.09.2024 6

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PSX surges to all-time high, breaches 82,000 in intraday trade

Shares at Pakistan Stock Exchange (PSX) reached an all-time high in intraday trade on Friday as the benchmark KSE-100 index crossed the 82,000 level....

20.09.2024 20

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ADB to provide $2bn in annual assistance to Pakistan for climate resilience over next 3 years

The Asian Development Bank (ADB) has announced that it will provide $2 billion in annual assistance to Pakistan over the next three years to support...

18.09.2024 60

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Assault on the Constitution? Legal fraternity voice reservations with ‘constitutional package’

The proposed ‘Constitutional Package’ — a series of constitutional amendments that, among other things, aim to fix the Chief Justice of...

16.09.2024 30

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Govt slashes petrol prices by Rs10, diesel by Rs13.06

The federal government on Sunday night notified a cut of Rs10 per litre in petrol prices, as well as a Rs13.06 per litre reduction in the price of...

15.09.2024 40

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Shares at PSX soar 800 points after rate cut, IMF meeting date

Shares at the Pakistan Stock Exchange (PSX) rallied more than 800 points on Friday, a day after the State Bank of Pakistan (SBP) cut its key policy...

13.09.2024 20

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IMF board to discuss Pakistan’s programme on Sept 25: spokesperson

The International Monetary Fund (IMF) on Thursday confirmed that the Fund’s board will meet on September 25 to discuss the $7 billion Extended Fund...

12.09.2024 40

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SBP cuts key policy rate by 200bps to 17.5pc

The State Bank’s Monetary Policy Committee (MPC) announced that it has cut its key policy rate by 200 basis points (bps) to 17.5 per cent on...

12.09.2024 30

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High hopes for a major cut in interest rate as MPC to meet today

The State Bank’s Monetary Policy Committee (MPC) will convene today to decide on the country’s monetary policy, including the key interest rate,...

12.09.2024 10

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Amid traders’ resistance to tax reforms, finance minister calls for ‘collective efforts’ from all sectors

Finance Minister Muhammad Aurangzeb on Tuesday stressed the need for “collective efforts” from all sectors while speaking about increasing the...

03.09.2024 10

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Amid traders’ resistance to tax reforms, finmin calls for ‘collective efforts’ from all sectors

Finance Minister Muhammad Aurangzeb on Tuesday stressed the need for “collective efforts” from all sectors while speaking about increasing the...

03.09.2024 10

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Inflation falls to 34-month low at 9.6pc in August: PBS

Pakistan’s consumer price index (CPI) in August rose 9.6 per cent year-on-year (YoY), marking a 34 month-low, data from the Pakistan Bureau of...

02.09.2024 10

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PSX limps to recovery as shares climb more than 100 points

Shares at the Pakistan Stock Exchange (PSX) continued to trade in the green on Friday as the index climbed more than 400 points in intraday trade. The...

30.08.2024 10

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Shares at PSX rally more than 400 points in intraday trade

Shares at the Pakistan Stock Exchange (PSX) continued to trade in the green on Friday as the index climbed more than 400 points in intraday trade. The...

30.08.2024 20

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Shares at PSX rally 500 points in intraday trade

Shares at the Pakistan Stock Exchange continued to trade in the green on Friday as the index climbed more than 400 points in intraday trade. The...

30.08.2024 10

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Shares at PSX climb by 356 points

Shares at the Pakistan Stock Exchange (PSX) climbed by 356 points on Thursday, which one analyst attributed to the Moody’s rating upgrade which...

29.08.2024 10

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Fear of debt restructuring needs to be overcome, says ex-SBP chief

Rescuing countries from disorderly defaults “hinges on increasing fiscal space by restructuring their debt”, Murtaza Syed, a former acting...

29.08.2024 20

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Shares at PSX climb more than 400 points in intraday trade

Shares at the Pakistan Stock Exchange (PSX) climbed more than 400 points in intraday trade on Thursday, which one analyst attributed to the Moody’s...

29.08.2024 10

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Moody’s upgrades Pakistan’s rating to Caa2; changes outlook to positive

Global rating agency Moody’s on Wednesday upgraded Pakistan’s local and foreign currency issuer and senior unsecured debt ratings to Caa2 from...

28.08.2024 40

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2 Pakistani startups make it to coveted Forbes ‘Asia 100 to Watch’ list

Two Pakistani startups, DealCart and Nayapay, have made it to Forbes’ coveted ‘Asia 100 to Watch 2024’ list. According to the Forbes website,...

27.08.2024 10

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Fishing industry holds export potential worth billions if proper procedure followed: expert

Pakistan’s fishing industry holds an export potential worth $4 billion if it follows the proper procedure that India has adopted, according to an...

27.08.2024 10

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Govt is reviewing IPPs’ coal sourcing, debt reprofiling with China: power minister

Power Minister Awais Leghari on Saturday said the federal government has begun reviewing terms of Chinese independent power producers (IPPs) regarding...

24.08.2024 10

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Govt is reviewing IPPs’ coal sourcing, debt reprofiling with China: energy minister

Power Minister Awais Leghari on Saturday said the federal government has begun reviewing terms of Chinese independent power producers (IPPs) regarding...

24.08.2024 10

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Govt remains ‘very committed to structural reforms’ under IMF, says finmin

Finance Minister Muhammad Aurangzeb on Thursday said that the government remained “very committed” to the International Monetary Fund (IMF)‘s...

22.08.2024 10

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Indian startups secure $395m in one week: report

Indian startups raised more than $395 million in 20 deals last week — an increase of about 350 per cent compared to the previous week, The Statesman...

19.08.2024 10

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Indian startups secure $395 million in one week: report

Indian startups raised more than $395 million in 20 deals in one week — an increase of about 350 per cent, a report confirmed. According to The...

19.08.2024 20

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Power tariff cut to be funded by Punjab’s budget, says Marriyum Aurangzeb

Senior Minister Marriyum Aurangzeb stated on Sunday that the Rs14 subsidy provided by the Punjab government would be funded through the province’s...

18.08.2024 20

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PML-N supremo Nawaz Sharif announces drop in power tariffs for Punjab

Former prime minister and PML-N President Nawaz Sharif on Friday announced that the Punjab government will reduce per unit electricity prices to Rs14...

16.08.2024 20

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PM Shehbaz approves slashes in petrol price by Rs8.47, HSD by Rs6.7 in ‘big gift’ for Independence Day

Prime Minister Shehbaz Sharif on Tuesday approved a slash in the petrol price by Rs8.47 per litre and Rs6.7 for high-speed diesel (HSD), respectively,...

13.08.2024 10

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Shares at PSX shed over 1,100 points in line with global markets

Shares at the Pakistan Stock Exchange (PSX) traded in the red on Monday as the benchmark KSE-100 shed more than 1,100 points which analysts said was...

05.08.2024 10

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Shares at PSX shed 700 points in intraday trade in line with global markets

Shares at the Pakistan Stock Exchange (PSX) traded in the red on Monday as the benchmark KSE-100 shed more than 700 points in intraday trade which...

05.08.2024 10

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PM Shehbaz writes letter to China requesting debt reprofiling

Prime Minister Shehbaz Sharif on Friday said that he had written a letter to the Chinese government requesting debt reprofiling for Pakistan in an...

03.08.2024 20

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CPI inflation clocks in at 11.1pc for July

Pakistan’s consumer price index (CPI) in July rose 11.1 per cent Year-on-Year (YoY), data from the Pakistan Bureau of Statistics (PBS) showed on...

01.08.2024 20

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Pakistan gets 5 bids from Chinese firms to help with Panda bonds: report

Pakistan has received five bids from Chinese firms to help it raise funds via Panda bonds on Thursday, a Bloomberg report confirmed. Panda bonds are a...

01.08.2024 30

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CPI inflation at cusp of reaching single-digit range: finance ministry

The finance ministry on Tuesday released its monthly outlook for July stating that the Consumer Price Index (CPI) inflation was heading towards single...

30.07.2024 10

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SBP cuts key policy rate by 100bps to 19.5pc

The State Bank of Pakistan (SBP) announced on Monday that it had decided to cut the key interest rate by 100 basis points (bps) to 19.5 per cent from...

29.07.2024 20

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SBP cuts key policy rate by 100bps to 19.50pc

The State Bank of Pakistan (SBP) announced on Monday that it had decided to cut the key interest rate by 100 basis points (bps) to 19.5 per cent from...

29.07.2024 20

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Fitch upgrades Pakistan’s sovereign credit rating to CCC+ following IMF pact

Global credit rating agency Fitch on Monday upgraded Pakistan’s long-term foreign-currency issuer default rating (IDR) to CCC from CCC on the back...

29.07.2024 10

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Shares at PSX gain over 700 points ahead of MPC meeting

Shares at the Pakistan Stock Exchange (PSX) climbed more than 700 points in intraday trade on Monday as market participants await the State Bank of...

29.07.2024 10

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Govt issued Rs68bn income tax refunds during July, says finance minister

Finance Minister Muhammad Aurangzeb announced on Sunday that the government has returned approximately Rs68 billion in income tax refunds since the...

28.07.2024 10

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ADB approves $400m for housing, community development in Sindh flood rehabilitation

The Asian Development Bank (ADB) on Friday approved a $400 million concessional loan to support the reconstruction of houses and community...

26.07.2024 10

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ADB approves $400 million for housing, community development in Sindh flood rehabilitation

The Asian Development Bank (ADB) on Friday approved a $400 million concessional loan to support the reconstruction of houses and community...

26.07.2024 10

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Bears continue stampede at PSX as shares lose over 1,500 points due to political disturbances

Bears dominated the trading floor on Monday as shares at the Pakistan Stock Exchange (PSX) declined by more than 1,500 points because of “heightened...

22.07.2024 20

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Bears continue stampede at PSX as shares lose 1,300 points due to political disturbances

Bears dominated the trading floor on Monday as shares at the Pakistan Stock Exchange (PSX) declined by 1,300 points in intraday trade because of...

22.07.2024 20

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Bears take hold of PSX as shares plunge over 1,700 points on political noise

The Pakistan Stock Exchange (PSX) witnessed accelerated selling pressure on Friday as the benchmark index shed more than 1,700 points in trading on...

19.07.2024 10

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