Economy

PKR Falls Second Day in a Row Against US Dollar

The Pakistani rupee fell second day in a row against the US Dollar after opening trade at 278 in the interbank market.

It was bearish against the greenback today.

The interbank rate stayed at 279 most of the day before closing at the 278 level. Ope…

IMF Projects Pakistan’s Economy to Grow by 3.5% in FY25

The International Monetary Fund (IMF) has projected GDP growth rate for Pakistan at 2 percent for the current fiscal year 2024 compared to -0.2 percent in fiscal year 2023, and projected decline in inflation from 29.2 percent to 24.8 and unemployment…

Production of Petroleum Products up 4% in 8 Months of FY24

The petroleum products production witnessed an increase of 3.82 percent during July-February 2023-24 as its indices went up to 92.74 from 89.33 during July-February 2022-23, says Pakistan Bureau of Statistics (PBS).

Petroleum products production wit…

LSM Sector Contracts 0.5% in 8 Months of FY24

The overall Large-Scale Manufacturing (LSM) sector has shown a growth of -0.51 percent during the first eight months (July-February) 2023-24 when compared with the same period of last year, says Pakistan Bureau of Statistics (PBS).

The Large Scale M…

PTA Goes Solar Nationwide To Cut Electricity Bills

The Pakistan Telecommunication Authority (PTA) is making a big leap towards sustainability with a nationwide solar power initiative.

The authority announced plans to equip all its buildings across Pakistan with solar panel systems, significantly red…

Senator Labels Current PIA Privatization Process As Elitist, Unconstitutional

Former Chairman of the Senate Mian Raza Rabbani has strongly criticized the privatization process of Pakistan International Airlines (PIA), labeling it as elitist and unconstitutional.

In a press release, Senator Rabbani said PIA falls under the Fed…