Category: Business
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 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 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’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...
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 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...
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...
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 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...
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...