ISLAMABAD – The International Monetary Fund has forecast Pakistan’s economic growth to lessen further to 2 percent during the current year, down to the previous estimate of 3.5 percent, in wake of the massive floods and slowdown in global growth rate. According to the World Economic Outlook ...

KARACHI – Pakistan’s central bank dismissed the reports claiming that capping the price of US dollar caused loss of $3 billion in remittances and exports. The development comes as the Pakistani rupee plunged around 10 percent against USD last week, in a biggest one-day drop in over two ...

Pakistan Tehreek-e-Insaf (PTI) Chief Imran Khan Sunday bashed the government regarding the latest hike in petroleum products prices. Imran Khan took to his twitter and said that “Total mismanagement of our economy by a corrupt & incompetent imported government has crushed masses & salaried ...

KARACHI – Pakistan’s foreign exchange reserves have further fallen to $3.7 billion, its lowest levels since February 2014, as the country’s economic crisis worsen in recent weeks. The reserves held by the central bank have been persistently shrinking since the beginning of the current ...

KARACHI – Pak Suzuki Motor Company has announced the first hike for its popular vehicles in 2023 by increasing the prices of various models by Rs100,000-355,000. While the auto giant has not cited any reason for the hike, mounting inflation and local currency depreciation are the likely ...

After Toyota Indus Motor Company (IMC), Honda Atlas Cars Limited (HACL) has also increased the prices of its cars. The company has cited mounting inflation and local currency depreciation as the reasons for the hike. Effective immediately, the new prices are as follows: Models Old Price (Rs.) New ...

The bleak economic indicators are not letting the feeble rupee to take a break from its constant slumping against the US dollar as the local unit again registered a decline of 25 paisas in its value during the interbank trading on Tuesday. The currency dealers informed that the US dollar kept up ...

KARACHI – Millions hit hard in the country’s financial capital Karachi as the price of flour jumped by Rs20 per kg, which will put more pressure on the cost of living amid record inflation. Reports in local media quoting data from the Pakistan Bureau of Statistics claimed that flour prices in ...

KARACHI – The State Bank of Pakistan has revised annual growth forecasts to 3-4 percent for the current fiscal year. In the Annual Report, the central bank projects real Gross Domestic Product growth below the previously announced range for the current fiscal year, citing massive floods, and ...

LAHORE – Prime Minister Shehbaz Sharif on Sunday met PML-Q President Chaudhry Shujaat Hussain at his residence in Lahore. The meeting came a day after PTI Chairman Imran Khan that Punjab and Khyber Pakhtunkhwa assemblies will be dissolved next Friday (Dec 23). PM Shehbaz enquired about the ...