On Saturday, Punjab Chief Minister Hamza Shahbaz Sharif mandated that all sugar mills sell sugar at Rs 70 per kg. The Punjab CM’s team met with the Sugar Mills Association and discussed price reductions to bring assistance to the people. Hamza Shahbaz demanded that all sugar mills offer sugar atContinue Reading
On Friday, the price of 24 carat per tola gold fell by Rs 700 and was sold at Rs 135,300, down from Rs 136,000 on the local market. The price of 10 gramme 24 karat gold fell by Rs 600 to Rs 115,998, down from Rs 116,598 previously, according toContinue Reading
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 finishContinue Reading
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 7.28Continue Reading
The Cabinet’s Economic Coordination Committee (ECC) authorised the Utility Store Corporation (USC) to continue selling commodities at the Ramazan relief package pricing on Monday. According to a summary submitted by the Ministry of Industries and Production on the continuation of the Prime Minister’s Relief Package 2020 for the months ofContinue Reading
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. InContinue Reading
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 meetContinue Reading
The country’s export of sports goods increased by 35.23 percent during the first three quarters of fiscal year (2021-22) when compared to the same quarters last year (2020-21). According to the Pakistan Bureau of Statistics, the country exported sports goods worth $259.851 million from July to March (2021-22) compared toContinue Reading
Miftah Ismail, Federal Minister for Finance and Revenue, announced on Sunday that the International Monetary Fund (IMF) has agreed to deploy a delegation to Pakistan in the middle of May 2022 to continue the Extended Fund Facility (EFF) programme. The federal minister told a news conference in Washington that heContinue Reading
Miftah Ismail, Federal Minister of Finance and Revenue, met with a group from the US-Pakistan Business Council in Washington on Friday. The conference was also attended by Pakistan’s Ambassador, Secretary of Finance, and Governor of the SBP. Miftah Ismail, speaking on the occasion, stated that Pakistan has a long andContinue Reading
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