Business
Inflation at its lowest levels since December but still higher than govt target
November 2, 2023
Inflation at its lowest levels since December but still higher than govt target
Average inflation for first four months of FY24 at 28.5%. Rate still higher than govt’s target of 21% for FY24.…
IMF team to visit Pakistan for first review talks on Nov 2
October 26, 2023
IMF team to visit Pakistan for first review talks on Nov 2
IMF Mission Chief to Pakistan Nathan Porter will lead delegation. Finance ministry has started preparations for talks with IMF. Ministry…
Israel-Hamas conflict damaging regional economies, warns IMF chief
October 26, 2023
Israel-Hamas conflict damaging regional economies, warns IMF chief
The ongoing conflict between Israel and Hamas is not only causing human suffering but also taking a toll on regional…
K-Electric gets highest federal subsidy of Rs169bn
October 26, 2023
K-Electric gets highest federal subsidy of Rs169bn
KE subsidy is being fulfilled by federal budget. Iesco, Lesco and Fesco subsiding other Discos. KE says gas supply to…
Rupee depreciates on low dollar inflows for second consecutive month
October 19, 2023
Rupee depreciates on low dollar inflows for second consecutive month
Country’s ability to generate dollar loans shrank to normal: official. Loans disbursement remained low in last 2 months. Pakistan secured…
Karachi’s iconic Regent Plaza hotel gets Rs14.5bn offer from SIUT
October 12, 2023
Karachi’s iconic Regent Plaza hotel gets Rs14.5bn offer from SIUT
Hotel comprises 400 rooms with an occupancy rate of 20%. Five-star hotel is on a plot measuring 13,200 square yards.…
Gold slips below Rs200,000 per tola in Pakistan as rates released after a month’s hiatus
October 12, 2023
Gold slips below Rs200,000 per tola in Pakistan as rates released after a month’s hiatus
Gold rate decreases by Rs15,500 per tola to settle at Rs199,500. Rate of gold was last released on September 12,…
‘Up to 193% gas price hike’ expected from October 1
October 12, 2023
‘Up to 193% gas price hike’ expected from October 1
The government is gearing up to announce up to a 193% hike in the price of gas, effective from October…
Finance ministry opposes policy rate hike
October 5, 2023
Finance ministry opposes policy rate hike
Senators say increased interest rate failed to control inflation. Seek report on how inflation is controlled via interest rate. Discuss…
Gas will only be available for eight hours in winter: power minister
October 5, 2023
Gas will only be available for eight hours in winter: power minister
Loadshedding plan being devised to ensure gas supply for eight hours: minister. Says natural gas reserves further depleted by 18% compared…