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KARACHI: Fitch Ratings on Tuesday downgraded Pakistan’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘CCC-‘, from ‘CCC+’.
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Pakistan on Monday approved massive increase in natural gas prices ahead of final round of talks with the International Monetary Fund (IMF).
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ISLAMABAD: The government will present a mini budget in coming days before the parliament for approval to comply with generating additional tax revenue.
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KARACHI: Pakistan’s central bank official foreign exchange reserves have depleted below $3 billion, falling about nine years low.
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Pakistan Business Council (PBC) in a report suggested discontinuation of the highest denomination banknote of Rs5000 in order to formalize the country’s economy.
(more…)KARACHI: The foreign exchange reserves of State Bank of Pakistan (SBP) dropped to dangerous level of $3.089 billion, according to official data released on Thursday.
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KARACHI: Trade deficit of Pakistan narrowed by 32 per cent during first seven months of the current fiscal year 7MFY23, according to official data released on Thursday.
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ISLAMABAD: Pakistan’s headline inflation based on Consumer Price Index (CPI) increased by 27.6 per cent in January 2023, said Pakistan Bureau of Statistics (PBS) on Wednesday.
(more…)The government may impose sales tax on petroleum products in coming days which would massively increase prices of consumer products.
(more…)KARACHI: The headline inflation based on Consumer Price Index (CPI) may increase to 26 per cent in January 2023, analysts said on Friday.
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