SBP cuts policy rate by 150bps to 20.5%
The State Bank of Pakistan Monetary Policy Committee (MPC) on Monday reduced the policy rate by 150 bps to 20.5 percent, effective from June 11,…
Business
IMF demands imposing tax on farm sector
The International Monetary Fund (IMF) has demanded more tax collection from provinces and imposition of the agriculture tax. According to sources, the IMF has urged…
IMF says talks continuing virtually with Pakistan for fresh loan program
The International Monetary Fund (IMF) is considering a new bailout package for Pakistan under its Extended Fund Facility (EFF), according to Julie Kozak, the IMF’s…
Fuel prices likely to decline again
People gather to get petrol at a petrol station, after Pakistan Petroleum Dealers Association (PPDA) announced a countrywide strike. According to media reports,Petrol and diesel…
Bloodbath at PSX as benchmark index plunges over 2,041 points
Pakistan Stock Exchange (PSX) experienced the worst downturn at the beginning of the last day of the business week as the PSX-100 index plunged and…
Electricity prices increases once again
In a blow to citizens already struggling with record-high inflation and a scorching heatwave, electricity prices in Pakistan have been increased once again. The National…
Up to ‘20% increase’ in salaries proposed in budget FY25
The Ministry of Finance has proposed a 15-20% increase in the salaries in the upcoming federal budget 2024-25, sources said. According to the sources within…
Electricity bills’ instalments to be allowed only once a year, notifies Nepra
The National Electric Power Regulatory Authority (Nepra) has amended the Consumer Service Manual, 2021, and imposed restrictions on power firms to allow multiple instalments of…
Gold rates in Pakistan experience minor dip
On Wednesday, the gold rates in Pakistan saw a minor decrease again, moving the cost of 24-karat gold to Rs240,600 per tola after recording a…
Nepra announces electricity price increase for June-August
The National Electric Power Regulatory Authority (Nepra) has issued a notification announcing an increase in electricity prices as part of the quarterly adjustment for the…