Gold prices in Pakistan recorded a slight decline on Saturday, offering minor relief to buyers after recent sharp fluctuations in both local and international markets. Read More: Gold prices drop by Rs2,700 in Pakistan According to the All Pakistan Gems and Jewellers Association, the price of 24-karat gold per tola decreased by Rs400, bringing the new […]
Pakistan economy
BoP chief visited FPCCI and held an interactive session with Business Community
Mr. Zafar Masud, President & CEO, The Bank of Punjab (BoP) and Chairman Pakistan Banks Association visited FPCCI and held an interactive session with the Business Community at FPCCI Regional Office Lahore, The session chaired by Mr. Zaki Aijaz, Regional Chairman and Vice President FPCCI. Mr. Manzoor ul haq Malik, Mr. Kashif Khokhar, Mr. Sardar […]
IMF decision on $1.2bn tranche expected today
Finance Minister Muhammad Aurangzeb has expressed optimism that the International Monetary Fund (IMF) Executive Board will approve Pakistan’s next $1.2 billion loan tranche during its meeting scheduled for Friday in Washington, DC. Read More: Pakistan meets most IMF targets, $1.2 billion tranche approval likely Speaking during a briefing of the National Assembly Standing Committee on Finance and Revenue, chaired […]
KP faces flour price hike amid wheat supply issues
Flour price in Khyber Pakhtunkhwa (KP) have increased once again as disruptions in the inter-provincial supply of wheat and flour from Punjab continue to affect market availability. Read More: KP govt releases wheat from strategic reserves to control prices According to industry sources, KP’s flour mills depend heavily on wheat supplies from Punjab due to a significant […]
Pakistan’s forex reserves rising steadily, says SBP governor
Governor of the State Bank of Pakistan (SBP) Jameel Ahmad has said that the country’s foreign exchange reserves are increasing every week, while Pakistan’s external debt has remained stable at around $100 billion. Read More: Liquid foreign reserves surge to $21.27 billion Briefing the National Assembly’s standing committee on the country’s economic situation, the State Bank said […]
Pakistan to replace electricity subsidy with targeted system
Pakistan has assured the International Monetary Fund (IMF) that it will overhaul its electricity subsidy system, ending the general subsidy on electricity consumption of up to 200 units and replacing it with a targeted support model. Read More: Pakistan raises power tariffs under IMF subsidy cap According to official sources, the new system will be introduced within eight months and […]
IMF sets strict conditions for sovereign wealth fund
The International Monetary Fund (IMF) has reportedly demanded that Pakistan implement six strict conditions to make its sovereign wealth fund fully operational, according to official sources in Islamabad. The conditions are aimed at strengthening financial discipline and limiting the fund’s exposure to riskier economic activities. Under the proposed framework, the sovereign wealth fund would be […]
Middle East war devastates Pakistan’s economic gains
Pakistan’s Prime Minister Shehbaz Sharif said the Middle East war has damaged two years of collective economic efforts. Speaking at a federal cabinet meeting, he said rising global oil prices have created an extraordinary financial situation for the country. The increase is directly impacting Pakistan’s economic stability and recovery plans. The prime minister noted that […]
Pakistan oil bill hits record $800m: PM Shehbaz
Pakistan’s weekly oil import bill has surged to $800 million amid the ongoing Middle East war, Prime Minister Shehbaz Sharif said on Wednesday. The sharp increase follows rising global fuel prices after recent regional conflict. The spike is straining the country’s economy and affecting energy costs nationwide. Speaking at a federal cabinet meeting, the prime […]
PM Shehbaz Sharif met a high-level European Union delegation to strengthening trade ties
Prime Minister Shehbaz Sharif met a high-level European Union delegation and representatives of major European companies in Islamabad on Tuesday to discuss strengthening trade, investment, and economic cooperation between Pakistan and the EU. Read More: European firms signal interest in expanding footprint in Pakistan The meeting took place at the Prime Minister House during the delegation’s […]