A day after the State Bank of Pakistan’s (SBP) Monetary Policy Committee (MPC) announced a 200-basis-point reduction, bringing the policy rate down to 13% on […]
Category: Business
Gold prices drop by Rs800 per tola in Pakistan; rupee continues slight depreciation
The price of 24-karat gold per tola fell by Rs800, reaching Rs277,000 on Monday, down from Rs277,800 on the previous trading day, according to the […]
US Dollar Gains Value Against Pakistani Rupee: Exchange Rates Rise Slightly
The value of the US dollar has once again increased against the Pakistani rupee, marking a minor but notable rise in exchange rates. According to the State Bank of Pakistan (SBP),
Power Division Denies Reports of Terminating Contracts with Six IPPs
The Power Division has officially dismissed recent reports suggesting that the government plans to terminate contracts with six more Independent Power Producers (IPPs).
Pakistan economy shows strength as PSX hits record highs.
Pakistan’s economy continues to show signs of improvement, driven by a series of government measures over the past few months. This economic ‘turnaround’ has bolstered […]
Sugar Prices Skyrocket: Speculators and Hoarders Drive Rates Up to Rs150/kg
Sugar prices in Pakistan have surged dramatically over the past week, driven by the activities of speculators and hoarders. The sudden spike has created a ripple effect in the market
Pakistan’s Economy Shines: Record-Breaking Consumer Confidence in 2024
Pakistan’s economic landscape in 2024 witnessed remarkable achievements, as revealed by the Consumer Confidence Index Survey. The report reflects significant progress
U.S. inflation inches higher in November amid rising costs.
Inflation in the United States edged slightly higher in November, driven by increasing costs for used cars, groceries, and hotel stays, signaling that some price […]
Federal cabinet approves tariff review for eight more independent power producers.
In a meeting chaired by Prime Minister Shehbaz Sharif on Tuesday, the federal cabinet approved tariff reviews for eight Independent Power Producers (IPPs). The IPPs […]