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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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KARACHI: Pakistan’s official foreign exchange reserves have plunged to only $3.68 billion by week ended January 20, 2023, State Bank of Pakistan (SBP) said on Thursday.
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Incompetence is the major reason for the current economic crisis, said Muhammad Azfar Ahsan, Founder & CEO, Nutshell Group.
(more…)ISLAMABAD: Prices of essential items have increased by 32 per cent ahead of monetary policy announcement, which is scheduled for January 23, 2023.
(more…)KARACHI: Pakistan’s total foreign exchange reserves inched up by $256 million by week ended January 13, 2023, State Bank of Pakistan (SBP) said on Thursday.
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KARACHI: State Bank of Pakistan (SBP) on Wednesday said that current account deficit has contracted by 60 per cent to $3.66 billion in first half (July – December) of fiscal year 2022-2023.
(more…)KARACHI: Official foreign exchange reserves of State Bank of Pakistan (SBP) fell to only $4.34 billion by week ended January 06, 2023, according to a statement issued on Thursday.
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ISLAMABAD: Finance Minister Ishaq Dar Wednesday said that the government was not considering to access foreign currency accounts of depositors because these are property of the citizens.
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