Aug 29

Pakistan may face food security due to flash floods

ISLAMABAD: The flash floods in Pakistan may create a situation of food security in coming days as rice, banana, onion and other agriculture produces have been badly affected. Minister for Planning, Development, and Special Initiatives Ahsan Iqbal Monday said that the recent floods and torrential rains have also damaged 40-50 percent cotton crop across the […]

by Mrs. Anjum Shahnawaz

Pakistan fixes amount of diyat for 2022/2023

Aug 28

Finance, National, Top stories

Pakistan fixes amount of diyat for 2022/2023

Pakistan has fixed the amount of diyat (compensation) at Rs4.32 million for the fiscal year 2022/2023 to be the value of thirty thousand six hundred and thirty (30,630) grams of silver. The finance ministry issued a circular to declare the amount of diyat on August 26, 2022. Diyat is the financial compensation paid to the […]

by Mrs. Anjum Shahnawaz

Pakistan’s sensitive price inflation surges by 45%

Aug 26

Finance, National, Top stories

Pakistan’s sensitive price inflation surges by 45%

ISLAMABAD: The inflation based on Sensitive Price Indicator (SPI) has surged by around 45 per cent by the week ended August 25, 2022, according to data released by Pakistan Bureau of Statistics (PBS) on Friday. READ MORE: Pakistan’s sensitive price inflation surges by 37.67% The PBS said that prices of essential items have recorded an […]

by Mrs. Anjum Shahnawaz

Pakistan’s forex reserves fall to $13.52 billion

Aug 25

Finance, Top stories

Pakistan’s forex reserves fall to $13.52 billion

KARACHI: Pakistan’s foreign exchange reserves fell by $91 million to $13.522 billion by week ended August 19, 2022, State Bank of Pakistan (SBP) said on Thursday. The foreign exchange reserves of the country were at $13.613 billion a week ago i.e. August 12, 2022. READ MORE: Pakistan’s forex reserves increase by $52 million The country’s […]

by Faisal Shahnawaz

Pakistan current account deficit widens by 42% in July 2022

Aug 24

Finance, Top stories

Pakistan current account deficit widens by 42% in July 2022

Pakistan current account deficit (CAD) widened by 42 per cent in the first month (July) of the fiscal year 2022/2023 as compared with the same month of the last fiscal year, according to data released by the central bank on Wednesday. According to the Balance of Payment (BoP) data issued by the State Bank of […]

by Hamza Shahnawaz

Amazon registers over 6,000 Pakistani sellers

Aug 24

Finance, World

Amazon registers over 6,000 Pakistani sellers

ISLAMABAD: Over 6,000 Pakistani sellers have been registered on Amazon platform, the leading global e-commerce giant, according to a press release issued on Tuesday. This was revealed by Pakistani Ambassador to the United States Masood Khan in the press release issued from Washington DC. He said that more than 6,000 sellers from Pakistan were registered […]

by Mrs. Anjum Shahnawaz

Essential items witness inflation above 42%: Pakistan Bureau

Aug 20

Finance, National, Top stories

Essential items witness inflation above 42%: Pakistan Bureau

ISLAMABAD: Pakistan Bureau of Statistics (PBS) on Friday disclosed that prices of essential items have recorded inflation above 42 per cent on year on year (YoY) basis by week ended August 18, 2022. The bureau stated that Sensitive Price Indicator (SPI) of essential items depicts an increase of 42.31 per cent. READ MORE: High inflation […]

by Mrs. Anjum Shahnawaz

Clearance of banned cars, phones allowed on 100% surcharge

Aug 20

Automotive, Finance, IT & Telecom, Ports and Shipping

Clearance of banned cars, phones allowed on 100% surcharge

ISLAMABAD: The government has allowed clearance of stuck up consignments of cars and mobile phones on payment of 100 per cent surcharge. The ministry of commerce on Friday issued an office memorandum regarding prohibition / complete quantitative restrictions on import of non-essential and luxury items. READ MORE: Pakistan lifts ban on import of cars, phones, […]

by Mrs. Anjum Shahnawaz

Pakistan lifts ban on import of cars, phones, luxury items

Aug 20

Finance, National, Ports and Shipping, Top stories

Pakistan lifts ban on import of cars, phones, luxury items

ISLAMABAD: Pakistan on Friday lifted ban on all import of luxury and non-essential items amid serious foreign exchange crisis. The ministry of commerce issued SRO 1562(I)/2022 for lifting the ban on luxury and non-essential items, including motor vehicles, mobile phones and home appliances. The government on May 19, 2022 through a circular No. 598 (I)/2022 […]

by Mrs. Anjum Shahnawaz

Pakistan’s forex reserves increase by $52 million

Aug 18

Finance

Pakistan’s forex reserves increase by $52 million

KARACHI: Pakistan’s foreign exchange reserves have increased by $52 million by week ended August 12, 2022, State Bank of Pakistan (SBP) said on Thursday. The foreign exchange reserves of the country have recorded at $13.613 billion by week ended August 12, 2022 as compared with $13.561 billion a week ago i.e. August 05, 2022. READ […]

by Hamza Shahnawaz