Category Archives: General

Govt makes partial increase in prices of petroleum products

The government has increased the prices of petroleum products in view of the rising oil prices trend in global market.According to the notification issued by the Finance Ministry, the price of petrol has increased by 3.01 rupees per litre, High

‫یو ایس انسٹی ٹیوٹ آف پیس نے 2022 ویمن بلڈنگ پیس ایوارڈ کے لئے نامزدگیوں کا آغاز کردیا

سالانہ ایوارڈ میں تنازعات سے متاثرہ ممالک کی امن قائم کرنے والی خواتین کو تسلیم کیا جاتا ہے۔ واشنگٹن، 13 جنوری 2022 /پی آر نیوز وائر/ – یو ایس انسٹی ٹیوٹ آف پیس (یو ایس آئی پی) نے اعلان کیا

Private Sector Borrowing Drops From 5.3% to 1.2% in 20 Years

Banks’ loans to the private sector dropped from 5.3 percent of GDP to 1.2 percent in the last 20 years, as per the World Bank (WB) data showing credit trends from 2001 to 2020.The WB is busy streamlining a picture

FBR to Integrate Foreign Currency Dealers With Its POS System

The Federal Board of Revenue (FBR) has decided to integrate the foreign exchange dealers with its Point of Sale (POS) system to keep an eye on the trading activities of the forex market.According to the draft, prepared by the tax

Pakistan’s Oladoc Raises $1.8 Million in Series A Round

Pakistan’s leading doctor booking and teleconsultation platform, Oladoc, has raised $1.8 million as part of its Pre-Series A round.The round was led by Sarmayacar Ventures along with participation from Doha Tech Angels and other angel investors. Althou...

Rupee Posts Big Gains Against the US Dollar After Mini-Budget Approval

The Pakistani Rupee (PKR) has reversed yesterday’s losses against the US Dollar (USD) and posted gains in the interbank market today. It gained 31 paisas against the greenback after hitting an intra-day high of Rs. 176.00 against the latter during

SPI-Based Weekly Inflation Declines Due to Decrease in Food Prices

The Sensitive Price Indicator (SPI) for the week ended 13 January 2022 recorded a decrease of 0.43 percent, stated the Pakistan Bureau of Statistics (PBS).During the week, out of 51 items, prices of 16 (31.37 percent) items increased, nine (17.65

Remittances Surge to $15.8 Billion in First Half of FY22

The inflows of remittances maintained its sustainability from the recent past which continued to surge the overall values to a handsome level of $15.8 billion in the first half of the financial year 2021-22.The remittances grew by 11.3 percent during

NEPRA Approves Huge Increase in Per Unit Cost of Electricity for January

Amid the National Assembly session on the Finance (Supplementary) Bill, 2021 and the prevailing LNG shortage, the electricity consumers have again been burdened with fuel cost adjustment for the month of November, as National Electric Power Regulatory ...

Sugar Mills Association Blames Govt for Sidetracking Issues Faced by Industry

All Pakistan Sugar Mills Association (PSMA), Islamabad Thursday termed its meetings with the federal and provincial governments as futile as they did not produce any solid outcome in the issues facing the sugar industry.In a statement, a PSMA spokesman...