Continuing with its declining dynamism, the Pakistani Rupee (PKR) lost 35 paisas against the US Dollar (USD) on Thursday to close at 169.03.The currency depreciated by 16 paisas against the USD and closed at 168.68 on September 22. It is nearing the al…

The Economic Coordination Committee (ECC) of the cabinet has approved different important summaries, including the summary of Kamyab Pakistan Program (KPP), which is deemed to be the most ambitious micro-credit program ever planned in Pakistan.The ECC …

Federal Minister for Industries and Production Makhdum Khusro Bakhtiar has directed the Small and Medium Enterprises Development Authority (SMEDA) and provincial departments concerned to finalize the new SME policy in the light of Prime Minister Imran …

Karachi’s power distribution company, K-Electric (KE), has requested the National Electric Power Regulatory Authority (NEPRA) to increase the price of electricity by Rs. 0.97 per unit for the month of August.A notification revealed that KE has sought R…

The State Bank of Pakistan (SBP) has revised Prudential Regulations (PRs) for Consumer Financing. This targeted step will help moderate the demand growth in the economy, leading to a slower import growth and thus supporting the balance of payments.The …