Islamabad, April 15, 2024 – Pakistan announced a significant increase in petrol and diesel prices, set to take effect from April 16, 2024, stirring concerns among consumers already grappling with high inflation rates.
(more…)Category: Pakistan
-
Pakistan’s Forex Reserves Witness Growth, Reach $13.44 Billion
Karachi – Pakistan’s foreign exchange reserves have seen a notable increase, rising by $62 million to $13.44 billion by the week ending April 5, 2024.
(more…) -
PM Shehbaz Directs Utilizing Renewable Energy to Cut Oil Imports
Islamabad, April 15, 2024 – Prime Minister Muhammad Shehbaz Sharif has underscored the imperative of harnessing renewable energy sources to mitigate Pakistan’s dependency on oil imports, directing the energy ministry to expedite efforts in this regard.
(more…) -
Suzuki Pakistan Faces Cyber Attack on Corporate Database
Karachi, April 15, 2024 – Pakistan Suzuki Motor Company Limited (PSMCL) has reported a cyber-attack on its corporate database, raising concerns about data security and prompting the company to take immediate measures to address the breach.
(more…) -
Pakistan Set to Revise Petroleum Prices Amid Iran Strikes on Israel
Pakistan is poised to adjust petroleum prices for the second half of April 2024 amidst escalating tensions following Iran’s drone attacks on Israel. The revised prices, to be announced on April 15, 2024, will remain in effect until the end of the month.
(more…) -
Pakistan Faces 4.8% Drop in Registered Prize Bond Investments
In a concerning development for Pakistan’s financial landscape, data released by the State Bank of Pakistan (SBP) reveals a notable 4.8 percent decline in registered prize bond investments by the end of February 2024 compared to the same period the previous year.
(more…) -
Eid ul-Fitr Celebrations Unite Pakistan in Joy
Islamabad, April 12, 2024: Eid ul-Fitr, the festival marking the end of Ramadan, continues to resonate across Pakistan as families and friends come together in celebration, infusing the third day of the occasion with fervor and enthusiasm.
(more…) -
Pakistan Inflation Expected to Ease to 15% in FY2025: ADB Report
Karachi, April 11, 2024 – Pakistan is anticipated to witness a significant contraction in inflation to 15 percent during the next fiscal year 2024-25, according to a report released by the Asian Development Bank (ADB) on Thursday.
(more…) -
Three out of 5 Women Unbanked in Pakistan: ADB Report
Karachi, April 11, 2024 – A recent report by the Asian Development Bank (ADB) has highlighted a stark reality: three out of every five women in Pakistan are excluded from the banking system, representing one of the lowest financial inclusion rates for women globally.
(more…) -
Asian Development Bank Projects 1.9% FY24 Growth for Pakistan
Islamabad, April 11, 2024 – The Asian Development Bank (ADB) has released its flagship Asian Development Outlook (ADO), forecasting a GDP growth rate of 1.9 percent for Pakistan during the fiscal year 2023-24.
(more…)