Sunday , June 16 2019

Recent Posts

Pakistani Rupee to hit Rs 165 mark against US dollar

ISLAMABAD – Pakistani Rupee to hit Rs 165 mark against US dollar , media reports have surfaced. The Pakistani rupee hit an all-time low against the US dollar by plunging to Rs157 in the inter-bank market on Friday due to rising debt payments and dwindling foreign exchange reserves.

Read More »

Economic Survey of Pakistan for year 2018-19 to be launched

Economic Survey of Pakistan

Economic Survey of Pakistan for the current financial year 2018-19 will be launched on Monday. The survey will provide an overview of the national economy, highlighting performance and achievements in different sectors during the fiscal year. Its launching marks the opening of budget related events including presentation of the federal …

Read More »

Federal Budget 2019-20 to be presented in NA on Tuesday

Federal budget for the next fiscal year will be presented in the National Assembly on Tuesday. Prime Minister’s Advisor on Finance Dr. Hafeez Shaikh will present the budget emphasizing on austerity, fiscal discipline, external sector management and protection of the poor. In this connection, President Dr Arif Alvi has summoned …

Read More »

Economic Survey for current fiscal year being launched today

Economic Survey

Economic Survey of Pakistan for the current financial year is being launched today. The survey will provide an overview of the national economy, highlighting performance and achievements in different sectors during the fiscal year. Its launching marks the opening of budget related events including presentation of the federal budget in …

Read More »

Govt revises prices of petroleum products for June

The government has revised prices of petroleum products for the month of June. According to details, the price of petrol will be 112.68 rupees with an increase of 4.26 rupees per litre; the price of High Speed Diesel will be 126.82 rupees with an increase of 4.50 rupees per litre. …

Read More »

Pakistan Stock Exchange makes a big comeback

pakistan-Stock-exchange

KARACHI – P*akistan Stock Exchange makes a big comeback.* Stocks staged a rally on Wednesday with the KSE-100 index benchmark gaining over 1,000 points intraday. Positive sentiments prevailed at the exchange following confirmations by the finance adviser and SECP chairman that the government is considering putting together a fund to …

Read More »

Rupee gains Rs1 against US dollar

KARACHI (Web Desk) – The Pakistani rupee (PKR) has regained Rs1 in its value against the US dollar, bouncing back from State Bank of Pakistan’s (SBP) rate on Friday of Rs150.91 to Rs149.90 in the interbank market on Monday, reverting down from the Rs150 barrier. Last week, Pakistani currency recovered …

Read More »

#BoycottDollar among top trend in Pakistan social media

ISLAMABAD – Rising inflation, proposed increase in power tariffs and the devaluation of Rupee against the Dollar after the news of the govt’s deal with International Monetary Fund (IMF) has resulted in people urging each other to join hands to try out unconventional means to get the economy out of …

Read More »

Govt agrees to increase gas and electricity prices

The government has agreed to increase gas and electricity prices as part of the International Monetary Fund’s conditions for a bailout package. Talks have entered the final phase and the government has already accepted some of the Fund’s terms, like increasing gas and electricity prices. The IMF has asked the …

Read More »

Dr Reza Baqir appointed as Governor SBP

Dr Reza Baqir

Dr. Reza Baqir has been appointed as Governor State Bank of Pakistan for three years. Notification has been issued in this regard. According to source, Dr. Reza Baqir has been appointed as Governor State Bank of Pakistan for three years.

Read More »