The Pakistani Rupee continued to fall against the US Dollar in the interbank market, despite the country’s lingering uncertainties. The local currency fell by Rs1.73 due to negative macroeconomic indicators such as a greater import bill and a delay in the IMF tranche. When compared to the previous day’s finishRead More →
In the month ending mid-April, rising food and energy costs brought Nepal’s annual inflation to a near six-year high, just as the economy was beginning to recover lost tourist revenue due to the coronavirus outbreak. According to statistics issued by Nepal Rastra Bank, annual consumer price-based inflation increased to 7.28Read More →
ISLAMABAD: inflation in Pakistan has reached a new high as the price of lemons has surpassed the price of beef. According to facts, the country’s bachat bazaars, which were established to bring relief to the masses from rising inflation, have also failed to supply low-cost commodities to the people. InRead More →
With immediate effect, the State Bank of Pakistan (SBP) has stated that five working days will be observed after the Holy Month of Ramadan. According to a press release, SBP will operate from 9 a.m. to 5:30 p.m. Monday through Thursday, with a prayer/lunch break from 1:30 p.m. to 2:15Read More →
Dr. Murtaza Syed, the senior most Deputy Governor of the State Bank of Pakistan (SBP), was appointed interim Governor of the SBP on Friday. He has more than 20 years of experience in macroeconomic study and policymaking, according to details. Dr. Murtaza Syed also spent 16 years at the InternationalRead More →
On Wednesday, the Oil and Gas Regulatory Authority (OGRA) ordered all Oil Marketing Companies (OMCs) to take suitable steps to ensure adequate gasoline supplies for tourists over the Eid holidays. In a brief press statement, OGRA spokesman Imran Ghaznavi said, “The authority has requested all OMCs to increase their shipmentsRead More →
Miftah Ismail, Minister of Finance, has announced that the government has decided not to extend Dr. Reza Baqir’s three-year term as Governor of the State Bank of Pakistan (SBP). On Tuesday, Ismail revealed on his official Twitter account that SBP Governor Dr Reza Baqir’s three-year term ends on May 4.Read More →
A delegation of economic specialists from the United Arab Emirates is set to visit Pakistan on Tuesday to review the execution of decisions reached by Pakistan’s and the Emirates’ leadership. The UAE economic specialists will also meet Prime Minister Shehbaz Sharif in Lahore on Tuesday. The mission would also meetRead More →
Because to the addition of 2,000 MW to the system, power load-shedding would be reduced by 50% in most regions of the nation beginning May 1. Load-shedding would be gradually reduced in most sections of the nation, with the exception of feeders with limited recovery, according to a Power MinistryRead More →
(Reuters) – Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk sold $8.5 billion in shares in the electric vehicle company, according to U.S. regulatory filings, presumably to help fund his planned acquisition of Twitter Inc. (TWTR.N). Musk announced in a tweet on Thursday that “no additional TSLA sales are plannedRead More →
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