Business

Pakistani rupee sustained to lose its value for the fifth repeated session, declining by Rs2 beside the US dollar in interbank market News reported on Thursday. It is relevant to mention here that the State Bank of Pakistan confirmed that Pakistan has received a loan tranche of US$1.16 billion from the IMF.

Federal Minister of Finance Miftah Ismail announces the good news that the inflation will decrease in...

The series of expensive electricity shocks to the consumers can not stop. The electricity has more...

Shaukat Tarin to Miftah Ismail pack up and go home in his latest tweet on twitter. Ex-federal minister for finance, Shaukat Tarin thrashed his successor. Tarin associated the statistics in times of both governments and specified that the fiscal deficit was Rs2.5 trillion in PTI’s nine months and Rs2.6 trillion in only three months of their reign. He said that the subsidies were Rs575 billion in PTI’s nine months whereas it went to an additional Rs1575 billion in only their three months.

Again Toyota Indus Motor Company temporarily suspended its production due to deficiency of inventory, reported Newson Thursday. The car companies suspended the bookings and observed production cuts in the face of non-issuance of letters of credits (LCs). State Bank of Pakistan paused to issue LCs for CKD kits which in turn suspended local assembly of cars.

The government once again increases the price of petroleum products across the country. Petrol price increases...

Prices of petroleum products are expected to go down by up to Rs10 per litre from September 1 primarily because of the decrease in international oil prices News reported quoting sources. In the LOI, Pakistan has certain the international lender to regularly increase the levy on petroleum products to Rs50 per litre. Previously, the federal government increased petrol price by Rs6.72 per litre for the rest of August 2022.

The Ministry of Commerce prepares a summary of the import of tomatoes and onions. Pakistan will...

Telecommunications company Jazz has publicized a free calling service for flood-affected areas. Jazz users in Balochistan can make calls even afterward they run out of packages or credits The company says that even though the tremendously difficult conditions in the affected areas, every effort is being made to provide basic communication services on the Jazz network.

Bitcoin jumped below $20,000 on Saturday, remaining a drop that has taken it down approximately 60% from its year high. The weakness in risk assets came after Federal Reserve Chief Jerome Powell cautioned alongside expecting a swift end to its rate compression. The Fed’s actions on interest rates has affected some investors to forecast more pain for equities.