By Staff Reporter
ISLAMABAD: Trade deficit shrunk by 18.5 percent year-on-year to $3.5 billion in August, government data showed on Friday.
Independent Pakistan – I know what I believe I know
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Weekly inflation soars as flood swamps food supply chains
By Staff Reporter
KARACHI: Weekly inflation jumped to a record 45.5 percent year-on-year as deadly floods have devastated a wide swath of farmlands, rupturing food supply lines across the country.
Finance Minister Ismail says Pakistan’s food security threatened by deadly flooding
By Staff Reporter
KARACHI: Finance minister Miftah Islmail said large swathes of crops have been destroyed or extensively damaged by deadly floods across Pakistan, leading to further challenges to food security in the impoverished nation of over 220 million.
PM Sharif announces relief for power users
By Staff Reporter
ISLAMABAD: Prime Minister Shehbaz Sharif on Thursday exempted electricity consumers utilising 300 units from Fuel Price Adjustment (FPA) charges in August.
Inflation hits 47-year high, peak still to come
By Staff Reporter
ISLAMABAD: Soaring food prices pushed August inflation to a 47-year high of 27.3 percent and its peak could still be months away, official data showed on Thursday, underlining the severity of the cost-of-living crunch in struggling economy.
SBP receives $1.16 billion IMF tranche
By Staff Reporter
KARACHI: The central bank on Wednesday received inflows of $ 1.16 billion from the International Monetary Fund (IMF) as loan tranche under the Extended Fund Facility.
Fuel prices raised again
By Staff Reporter
ISLAMABAD: The government on Wednesday revised the prices of petroleum products, increasing the rates of petrol by Rs2.07 per liter with effective from September 1, 2022.
PM Sharif to consult coalition partners on importing goods from India
By Staff Reporter
ISLAMABAD: The government is considering loosening restrictions on the largely closed border with arch-rival India to import mostly vegetables to mitigate cataclysmic floods fallout as food prices have risen sharply, a minister said on Wednesday.
FBR beats August collection target
The record PKR 489 billion collection exceeds the August target by a slim margin and represents a 9.15 percent growth from last August despite a 161 percent growth in refunds. By Muhammad Ali.
Court declines to let Khan off the hook over contempt
The court took apart Khan’s preliminary reply to the show cause notice for contempt of court over inflammatory remarks, and gave him seven days to file his supplementary reply. By Naveed Naqvi.