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Great News, Everyone! We're the Best at Being the Cheapest! 🎉 Pakistan's petrol prices are now lower than India, Bangladesh, China, and Sri Lanka. At just 299 PKR per litre, we're practically giving it away—while our neighbors cry over 315, 329, 371, and 410...
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In a significant policy shift, the federal government has unveiled a new methodology for measuring poverty, officially setting the poverty threshold at Rs8,483 per person per month. Under the revised formula, individuals earning more than Rs8,483 each month will not...
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ISLAMABAD — In a move that could permanently alter the DNA of Pakistan’s informal economy, the federal government has launched a massive, simplified dragnet designed to pull three to four million small shopkeepers into the national tax net. The announcement...
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Pakistani Investors celebrated on Monday as the benchmark KSE 100 index soared to an all-time high above 81,000, following the announcement of a Staff-Level Agreement (SLA) with the International Monetary Fund (IMF) for a $7 billion credit line. This came...
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The Sindh government is gearing up for a momentous day as they prepare to unveil their annual budget for the 2024-25 financial year. Today, Friday, June 14th, Sindh Chief Minister Syed Murad Ali Shah, who also carries the finance portfolio,...
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تم نے شاید سنا ہوگا کہ حکومت IMF سے قرض لے رہی ہے، لیکن جانتے ہو یہ IMF ہے کیا؟ اور پاکستان کو اتنے قرضے کی ضرورت کیوں پڑتی ہے؟ آج ہم سادہ زبان میں سمجھیں گے! IMF کیا ہے؟...
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The interim government has implemented further increases in petrol and diesel prices in Pakistan. The new tariffs, which will come into effect from September 16, 2023, will set petrol prices at Rs 331.38 per liter and diesel prices at Rs...
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Sources told Geo News that the International Monetary Fund (IMF) has given the green light to a relief proposal for consumers using up to 200 units, allowing authorities to bill money electricity in batches. However, the care government's plan to...
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Acting Federal Minister for IT, Telecommunications and Science and Technology, Dr. Umar Saif, announced that the launch of PayPal and Stripe payment gateways in Pakistan is a top priority for the current government. Speaking at the ITCN Asia 2023 ceremony...
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The currency war between UAE and Asia: Due to the strengthening of the dollar index and a loss in Asian rivals, the Indian rupee fell during the opening hours of trading on Tuesday. Around 8am, the South Asian currency was...
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Pakistan's economy has breathed a sigh of relief following the recent agreement on the International Monetary Fund's monetary policy. However, it is important to view this as an opportunity for self-reliance and long-term stability. To achieve economic transformation, digital inclusion...
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The world's richest man, Elon Musk, lost a whopping $20 billion overnight after he said Tesla could cut prices further in "turbulent times."On Forbes and Bloomberg's real-time billionaire lists, the Tesla CEO tops the list of biggest losers as of...
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Every nation in the world uses the US dollar, not only Americans. For more than a century, the dollar has made it easier for money and things to travel the globe. Purchase or sale of oil? Usually done using money....
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The announcement of the program comes just days after the government raised prices for all petroleum products.In a report detailing the pricing strategy behind the prime minister's oil bailout program,the government announced his two-tiered pricing that splits bailouts into two-wheelers...
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Dr. Kazim Niaz (Minister of economy) and Yong Ye,(Country Director of the Asian Development Bank ADB) signed the grant agreement at the Ministry of Economy on Tuesday.The ceremony was witnessed by Mr. Takahiro Yasui, ADB's Executive Director for Japan.Japan offers...
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The world's largest food group says the price of staple items will rise further this year, adding to a string of warnings from consumer giants of more pain to come for stretched households.The maker of Nescafé coffee and KitKat chocolate...
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Prime Minister Shebaz Sharif called for an All Party Conference (APC) in Islamabad on Thursday and invited the country's political leaders,including PTI Chairman Imran Khan,to discuss ways to address the challenges facing the country. The country is also in trouble...
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The International Monetary Fund (IMF) mission will be in Pakistan from January 31 until February 9, where he will hold consultations related to the 9th Review. The Pakistani representative of the fund, Esther Perez Ruiz issued a statement that "the...
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