Pakistan’s economy has faced a significant downturn in foreign loans and funding from July to November of the current fiscal year, highlighting the growing challenges in managing the country’s financial needs
Category: Business
Non-Textile Exports Surge by 17.6%: A Milestone for Economic Growth
The first four months of the current fiscal year have brought promising news for the country’s economy, as non-textile exports witnessed a significant increase of 17.6%.
Government Allocates Over Rs 50 Billion in Additional Power Sector Subsidies
In a significant move to address the ongoing challenges in the energy sector, the government has announced the release of more than Rs 50 billion in subsidies for the power sector
U.S. stocks rally, recovering significant losses amid economic and political uncertainty.
U.S. stock markets surged on Friday, reversing a week of sharp declines. The S&P 500 climbed 1.8%, on pace for its strongest day in six […]
Pakistan cotton crisis worsens as arrivals decline by 33%.
The ongoing cotton season in Pakistan continues to paint a bleak picture for the country’s textile industry and farmers. The latest report from the Pakistan […]
U.K. inflation hits eight-month high, reducing chances of rate cuts by bank of England.
Inflation in the U.K. surged to its highest level in eight months in November, according to official data released on Wednesday. This rise has solidified […]
Major Tax Law Amendment Bill 2024-25: Key Changes for Filers and Non-Filers in Pakistan
The Tax Law Amendment Bill 2024-25, presented in the National Assembly, introduces significant changes that will impact the financial landscape of Pakistan.
OGRA approves gas price hike for fiscal year.
The Oil and Gas Regulatory Authority (OGRA) approved an increase in gas prices for the current fiscal year on Tuesday. As per the OGRA statement, […]
OGRA Approves Significant Gas Price Hike: 8.71% for Sui Northern and 25.78% for Sui Southern
In a major development, the Oil and Gas Regulatory Authority (OGRA) has approved an increase in gas prices for Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company (SSGC)