Category: Business

Pakistan imported items

Pakistan bans imports of all non-essential luxury goods

Pakistan has banned the import of all non-essential luxury goods in a bid to stabilize the economy, the information minister said on May 19, describing the situation as...

Pakistan growth target, IMF, Pakistan growth rate, fiscal year

Pakistan politicians to fight ‘for credit’ as growth rate nears 6pc

The growth rate forecast of Pakistan’s economy increased significantly during 2021-22, making it the second-highest economic growth recorded over the past four years...

UK inflation

UK inflation rockets to 40-year peak, sparking calls for action

Story by AFP Britain’s inflation rate has surged to a 40-year high on soaring energy costs, official data showed, sparking calls for an emergency government budget...

Bitcoin, stablecoin

Bitcoin’s 2021 gains wiped out in shocking stablecoin rout

Cryptocurrencies extended their sell-off on May 12, with Bitcoin falling to its lowest levels in 16 months as a stampede out of so-called stable coins sent shockwaves...

Pakistan, India, diplomacy

New Pakistan govt denies any change in trade policy with India

The Ministry of Commerce said that there is no change in Pakistan’s policy on trade with India, a statement issued by the ministry said Wednesday. According to the...

Bitcoin China, cryptocurrency

Bitcoin falls to 10-month low as stock markets tumble

Bitcoin fell to its lowest level since July 2021 on May 9 as slumping equity markets continued to hurt cryptocurrencies, which are currently trading in line with...

India, water, Pakistan, eastern rivers, Indus Water Treaty

Pakistan needs integrated approach to tackle water shortage, says ADB

The Asian Development Bank has suggested to Pakistan that holistic governance across sectors is required to address the growing competition for water and to manage the...

Pakistan inflation, budget 2021-22, Pakistan, Imran Khan

Inflation in April swells to highest in two years in Pakistan

As measured by the Consumer Price Index (CPI), inflation hit a two-year high of 13.37% in April 2022, which was only 1.6% higher than the previous month in the same...

Saudi Arabia, Pakistan economy

Saudi Arabia signals talks over $3b loan to help Pakistan’s faltering economy

Pakistan and Saudi Arabia on Sunday (May 1) said they would discuss extending the term of a $3 billion loan to help Islamabad’s faltering economy. The Gulf nation...

IMF Pakistan, loan, Pakistan

Pakistan agrees to reverse unfunded subsidies ahead of talks on IMF review

The International Monetary Fund (IMF) said on April 25 Pakistan agreed to reverse unfunded subsidies ahead of talks to resume the 7th review in May. “We agreed that...