PKR continues to sink unabated against dollar
The Pakistani rupee’s downfall against the US dollar continued for the fifth consecutive session on Thursday with the greenback’s global strengthen and local factors contributing…
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PKR continues to slide against dollar
The Pakistani rupee is struggling against the US dollar after its recent rally came to a grinding halt last week. The US dollar appreciated by…
Floods cause up to $12.5b economic loss to Pakistan
The catastrophic floods in Pakistan have caused economic damages from $10 billion to $12.5 billion apart from the loss of lives as estimated by the…
Govt has 13 months but I may not have that much time: Miftah
Miftah Ismail on Friday hinted that his time as finance minister could be cut short, saying that the government has 13 months but he “may…
HIGH FOOD, AND FUEL PRICES COULD PROMPT SOCIAL PROTEST, INSTABILITY IN UPCOMING YEAR IN PAKISTAN: IMF
The International Monetary Fund (IMF) has warned against protests and instability in Pakistan amid rising inflation — which just hit a 47-year-high in August. Pakistan’s…
Dollar rose by Rs1.1 in interbank
The PKR lost Rs1.1 against the dollar during morning trade in the interbank market on Friday, breaking a three-day recovery streak. The local currency was…
Govt removes taxes on import of tomato and onion till Dec 31
The government on Wednesday granted exemption of sales tax and withholding tax on the import of tomatoes and onions till December 31 in an effort…
PKR strengthens against dollar as SBP receives IMF loan
The Pakistani rupee continued to strengthen against the dollar in the interbank on Thursday despite the flood emergency triggering economic and humanitarian losess in the…
Govt jacks up petrol price by Rs2.07 per litre
The federal government once again announced increasing the price of petrol by Rs2.07 per litre for the first half of September, a statement issued by…
Power tariff hike by Rs4.34 per unit
The National Electric Power Regulatory Authority (NEPRA) hinted at increasing electricity rates by Rs4.34 per unit for the consumers of all distribution companies (DISCOs) except…