By Staff Reporter
ISLAMABAD: Pakistan’s per capita income in dollar terms fell 11.38 percent to $1,568 in the outgoing fiscal year 2022-23, from $1,766 in the previous year, the National Accounts Committee (NAC) said.
Economy
Growth nosedives to lowest levels in history as economic, political woes deepen
By Staff Reporter
ISLAMABAD: Pakistan’s economic growth slowed sharply to one of the lowest levels in its history, as its woes intensify amid record inflation and interest rates, along with an intense political crisis in the country.
Kashmir dispute flares up as India hosts G20 tourism event in contested region
By Staff Reporter
ISLAMABAD: India’s decision to host a tourism meeting of the Group of 20 (G20) countries in Indian-held Kashmir has sparked criticism from Pakistan and some other members of the bloc, who view the move as a violation of the region’s disputed status.
Pakistan’s population rises to 249.6 million in first digital census
By Staff Reporter
ISLAMABAD: Pakistan’s population has increased by 24 percent to 249.6 million people, according to the preliminary results of the first-ever digital census conducted in the country, the chief statistician said on Monday.
PM Sharif says Pakistan, Iran close to signing free trade deal
By Staff Reporter
ISLAMABAD: Prime Minister Shehbaz Sharif said on Thursday that the country is nearing the finalization of a free trade agreement with Iran, aiming to fortify economic ties between the two nations, the state-run Associated Press of Pakistan (APP) reported.
Budget 2023-24: Financing relief for masses
The government would love to sweeten the ballot box by cutting back economic hardship – financed by more revenue exacted from the retail and realty sectors through both better enforcement and rate hikes. By Naveed Naqvi.
APP59-271022
ISLAMABAD: October 27 - Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar presided over a meeting of ECC. APP/ABB/MOS
ECC approves Rs5.57 billion to share urea subsidy with provinces
By Staff Reporter
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has given its approval for a technical supplementary grant of Rs5.57 billion for the government’s share of subsidy on imported urea fertilizer.
Current account posts surplus for second consecutive month
By Staff Reporter
KARACHI: Pakistan’s current account has achieved a surplus for the second consecutive month, resulting in a substantial reduction of the 10-month deficit by 76 percent year-on-year, the central bank data showed on Tuesday.
Petrol price slashed by Rs12, diesel’s by Rs30
By Staff Reporter
ISLAMABAD: The government reduced the ex-depot price of high-speed diesel (HSD) by Rs 30 per litre and reduced other petroleum products by Rs 12 per litre for the next fortnight, effective from May 16 to May 31.
IMF says no change in Pakistan’s external financing needs for bailout deal
By Staff Reporter
ISLAMABAD: Pakistan’s external financing requirements remain unaltered following discussions with the International Monetary Fund (IMF) regarding bailout funds, the IMF Resident Representative said on Sunday, dismissing local media speculations suggesting that the Fund was pursuing additional financial assistance.