Category: Business
Pakistan to receive $300 mn grant from Asian Development Bank
The Asian Development Bank (ADB) on Friday said that it will grant a loan worth $300 million to Pakistan so that the country’s macroeconomic stability could be...
SBP says 7-9% inflation expected in 2021
The State Bank of Pakistan (SBP) on Monday announced to maintain the interest rate at 7%, saying it expected inflation to fall within the previously announced range of...
SBP says Pakistan saw negative economic growth first time after 1952
The State Bank of Pakistan (SBP) in its latest report highlighted that Pakistan’s real GDP for the first time since the fiscal year 1951-52 recorded a negative...
Govt slashes petrol prices for 15 days
The federal government on Sunday (Nov 15) announced a cut in the prices of petroleum products, bringing a litre of petrol down to Rs100.69. In a notification issued by...
Imran Khan shares story link of India inflation, says Pakistan is much better
Prime Minister Imran Khan on Saturday resolved to bring down inflation further citing the constant decline of Sensitive Price Index (SPI) for two consecutive weeks. In a...
Pakistan in talks with foreign firm to resolve $5.8 billion dispute
Story by Reuters Pakistan is in talks with Tethyan Copper to settle a $5.8 billion dispute around the Reko Diq copper project, two senior Pakistani officials told...
Pakistan govt decides to import sugar worth Rs 22 billion
Utility stores have released an annual plan to purchase sugar, and sugar worth Rs 22 billion will be procured this financial year. According to reports, a plan has been...
Pakistan’s exports increased by 2.1% in Oct
Pakistan’s year-on-year exports increased 2.1% in October – the number went from $2.02 billion in 2019 to $2.06 billion this year, commerce ministry’s data...
Online buying could hit record $200bn amid COVID-19 pandemic
With the holiday season just around the corner, the online retailers should get ready as online sales are expected to set new records amid the COVID-19 pandemic. The...
United Bravo is now Pakistan’s cheapest car for R 11 lac
United Motors has reduced its 800cc Bravo car price by 8.33% from Rs1.2 million to Rs1.1 million due to the declining dollar rate. A key official at United Motors,...