Business

Ever since June, the costs of necessities have risen at a dizzying rate. With the elimination of energy subsidies and the imposition of fuel taxes and levies, the CPI has increased by almost 13% in the last three months. According to financial experts, the typical time it takes for the …

In the present day, no nation can prosper on its own. They must trade to get labor, technology, fuel, etc. Pakistan needs help or borrows money from foreign lenders to make up the difference between how much it wants to import and how little it can sell for a profit. …

Islamabad: As part of a strict implementation plan with the International Monetary Fund (IMF), the government has increased the number of utility price shocks. This plan includes raising gas prices by more than 53%, reviving the general sales tax on petroleum items, and removing further subsidies. In addition to ensuring that …

In August, Pakistan’s goods trade deficit increased by 28.89 percent month over month to $3.53 billion from $2.73 billion in July, according to figures released on Friday by the Pakistan Bureau of Statistics (PBS). According to PBS statistics, the nation’s exports were $2.5 billion in August of this year, while …

Karachi: On Thursday, the State Bank of Pakistan (SBP) added $1.16 billion from the International Monetary Fund under the Extended Fund Facility (EFF) to bring its foreign currency reserves to a two-month high of $8.857 billion. According to the SBP, on August 31, it received profits of $1.16 billion, or SDR …

Google stated on Thursday that it would give $500,000 to help Pakistani flood victims. Vice President Stephanie Davis of Google Southeast Asia said on LinkedIn that the tech company would contribute the sum, which is around Rs110 million, to the Center for Disaster Philanthropy via Google.org. She also said that …

Ahead of US labor statistics that might support the argument for rapid interest rate rises, investors were in no hurry to sell the dollar, which was poised for its third straight week of gains and hovering around its best levels in decades versus the euro and yen on Friday. The …

Friday’s interbank market morning trading saw the PKR lose Rs1.1 vs. the dollar, ending a three-day winning run. Data from the Forex Association of Pakistan shows that at 11:45 am, the local currency was trading at Rs 219.7 per US dollar. The primary cause of the rupee’s devaluation, according to …

SHARJAH: Skipper Mohammad Nabi said Afghanistan is ready for the big guns after they became the first team to qualify for the Super Four stage of the Asia Cup following victories over Bangladesh and Sri Lanka. “As a team in this Asia Cup we are showing that Afghanistan have quality …

“Pakistan’s economic and political situation isn’t stable right now.” We often hear statements like these every time we turn on the television, listen to the radio, or browse through social media platforms. It is important to be aware about the country’s situation, but the constant bombarding of distressing news does …