On Tuesday, Prime Minister Shehbaz Sharif instructed the authorities to take strict action against smugglers of wheat, sugar, and urea, which negatively impacts Pakistan’s foreign remittances and deprives its people of their rights.
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Top stories featuring the most important and trending news updates from politics, business, world affairs, and breaking events across various sectors.
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Pakistan’s exports plunge 12% in first 10 months of FY23, imports down 28%
Pakistan’s economy has been hit hard as the country’s exports fell by 12% during the first ten months of the current fiscal year, according to data released by the Pakistan Bureau of Statistics.
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Headline inflation reaches historic high of 36.4% in April 2023
According to official statistics released on Tuesday, Pakistan’s headline inflation reached a historic high of 36.4% in April 2023.
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SBP slaps monetary penalty on United Bank for regulatory violations
The State Bank of Pakistan (SBP) has recently taken disciplinary action against United Bank Limited (UBL) for violating various regulatory provisions.
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Govt. claims big relief in petroleum prices for first half of May 2023
The government of Pakistan on Monday claimed a big relief in petroleum prices for the first half of May 2023.
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Over 30,000 return filers get active taxpayers status
On May 1, 2023, the Federal Board of Revenue (FBR) announced that more than 30,000 filers had been added to the Active Taxpayers List (ATL).
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Pakistan reduces petroleum prices effective from May 01, 2023
Pakistan on Sunday announced a reduction in prices of petroleum products for the first half of May 01, 2023, following a considerable decline in international oil prices.
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Pakistan’s economy still struggling with high inflation, economic slowdown
Pakistan’s economy is still facing significant challenges, with high inflation and a slowdown in economic activity. Persisting risks to the fiscal side are consequent to below the target set for the first nine months of the current fiscal year.
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Gold rates in Pakistan soar to all-time high on April 29, 2023
On April 29, 2023, the gold rates in Pakistan soared to an all-time high due to a significant surge in international gold rates.
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Pakistan likely to slash petroleum prices from May 01, 2023
Pakistan is expected to reduce petroleum prices for the first half of May 2023, as international oil prices have declined and the exchange rate has remained stagnant during the ongoing fortnight.
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