Meltdown on PSX continues; Investors lose $9bn, Index slumps to 6-month low
The Pakistan Stock Exchange (PSX) continues bearing the grunt of the overheated national economy as the import bill continues swelling and commodity prices keep...
Pakistan’s exports increased by 54% in July-Aug
The latest statistics released by the Pakistan Bureau of Statistics have shown that the exports of the country increased by almost 54 percent in...
Pakistan’s remittances average above $2.7bn for 7th consecutive month
The overseas Pakistanis’ remittances saw record growth of 12.5 percent over the same period last year as they sent the highest-ever $8 billion sum...
Inflation rate surges up to 9%
The inflation rate has surged up to 9 per cent in September 2021 due to the consistent increase in prices of food commodities, fuels,...
Rising automobile prices lead to high demand for used cars
Even though locally assembled cars have already become too expensive for a huge majority of people, buying used cars has also become increasingly difficult...
Tarin’s plans to broaden tax base failing miserably
The government's efforts to broaden the tax base has failed to yield results as it only managed to integrate 1900 new sales machines within...
Pakistan gets major relief: Paris club reschedules $11.5bn debt payments
The Paris Club of creditor countries has given another extension to Pakistan to service its debt of $11.5 billion so that the country can...
ECC green signals costly wheat import
The Economic Coordination Committee (ECC) approved an import tender for wheat at the price of $383.50 per metric ton. This price translates to Rs.65...
Forex chronicles: Reserves drop to 19.5b
The State Bank of Pakistan reported on Thursday, a whopping drop of $479 million in the foreign exchange reserves. The amount held by the...
