Will wheat import from Russia help slash flour price? The price of flour in the country may be reduced in the next few days. According to importers, three wheat ships from Russia will arrive in Karachi soon. Flour prices likely to fall down to Rs100 per kg The first ship, […]
Business
ISLAMABAD -Reuters/UNS – Saudi Arabia will invest up to $25 billion in Pakistan over the next two to five years in various sectors, Pakistan’s caretaker Prime Minister Anwaar-ul-Haq Kakar said on Monday, adding his government would also revive a stalled privatisation process. The South Asian nation is embarking on a […]
ISLAMABAD -Reuters/UNS : Pakistan’s inflation rate stayed above target at 27.4 per cent in August, data showed on Friday, as reforms set out as conditions for an IMF loan complicate the task of keeping price pressures and declines in its rupee currency in check. According to data released by the […]
ISLAMABAD -UNS: As the country continues to brave rising inflation, interim Finance Minister Shamshad Akhtar on Wednesday warned that Pakistan’s economic situation was “worse than anticipated” and the government did not have “fiscal space” to provide subsidies. Her remarks, made during a meeting of the Senate’s Standing Committee on Finance […]
VANCOUVER -UNS: The Pakistan Western Canada Trade Association (PWCTA), in collaboration with the Consulate General of Pakistan in Vancouver, orchestrated the Pakistan Expo Vancouver 2023, a momentous event aimed at enhancing bilateral trade ties between Canada and Pakistan. This pioneering initiative witnessed a resounding success, affirming its significance. The Expo […]
KARACHI -UNS: The foreign exchange reserves held by State Bank of Pakistan (SBP) dropped to $7,930.5 million after declined by $125 million during the week ended on August 18, 2023. Data shared by the central bank on Thursday said the net foreign exchange reserves held by commercial banks stood at […]
ISLAMABAD -UNS: The rising electricity costs appeared to have put the power companies in a vicious cycle of declining consumption and shifting resultant additional capacity charges to consumers, compelling the government to seek staggered imposition of Rs146 billion quarterly charges in six months, instead of three months to minimise the […]
ISLAMABAD -UNS: The Pakistani rupee fell by Rs1.88 against the US dollar during interbank trade on Tuesday, extending its losses from the previous week. The greenback was changing hands in the interbank market at a record Rs299.01 at closing. In the open market, the dollar was changing hands for Rs306, […]
ISLAMABAD UNS: Inflation continues to hit all segments of the society, especially the poor who have limited resources. The purchase of food items is heavy on the pocket as both while chicken and vegetables are being sold at arbitrary prices. The worst is that the administration has completely failed to […]
ISLAMABAD -UNS: The caretaker government on Tuesday increased the price of petrol by Rs17.50 per litre, taking the price to record high of Rs290.45 per litre. The petrol price is now unprecedented in the history of the county, taking the inflation to an upward trajectory. Other than that, the price […]