ISLAMABAD - The fiscal deficit was recorded at 0.9 per cent of gross domestic product (GDP) during the first two months of the current fiscal year against the deficit of 0.7 per cent of GDP during the corresponding period of last year. According to the monthly Economic Update and Outlook October ...

WhatsApp is working on major and minor features alike and today’s release is more of a quality of life update. The messaging app has just released a new chat feature that will let you keep track of all your unread messages on your list. As WhatsApp says, you can now sort your chats with an ...

Pakistan imported petroleum products worth $100 million on a deferred payment basis under the Saudi oil facility for the fifth consecutive month in July 2022. Official documents available with ProPakistani revealed that the government has budgeted estimates of $800 million for oil imports under ...

KARACHI – Pakistan’s central bank has kept the interest rate unchanged at 15 percent, it was announced on Monday. The Monetary Policy Committee of the State Bank of Pakistan met today to review the economic situation and decide on the policy rate. The Monetary Policy Committee (MPC) in its ...

Finance Minister Miftah Ismail Tuesday said that with increased hydel power, lower energy demand, and lower oil prices, Pakistan may even have a balance of payments surplus in the coming months. The minister expressed these views during a meeting hosted by Pakistan Stock Exchange (PSX). Speaking ...

KARACHI – The State Bank of Pakistan (SBP) has increased the interest rate by 150 basis points to 13.75 percent for the next six weeks to maintain the balance between inflation and economic growth. The Monetary Policy Committee of the central bank announced that it has jacked up the key ...

*The newspapers and talking heads on TV are at it again. The 'Awaam' will face a wave of inflation link as global commodity prices drive the cost of living to unbearably high levels. Most CPI models show inflation spiking to 15%+ over the next few months and possibly higher as the subsidies on ...

*Finance Minister Miftah Ismail said on Wednesday that the government will not take any action which may impact the State Bank of Pakistan's (SBP) independence.* Talking to reporters in Karachi, the minister said that the government is focused on reviving the country's economy. "Previous ...

KARACHI - The information and communications technology (ICT) exports have surged to near the $2 billion mark by the end of nine months of the current financial year 2021-22. The sector maintained a healthy growth of inflows which stood at $1.94 billion from July to March during the current ...

Former Prime Minister Nawaz Sharif’s return back to Pakistan has been postponed. Nawaz Sharif’s immediate return from London has been ruled out by his party, the PML-N. “Nawaz Sharif has no immediate plans to return. The Sharif family thinks that his early return will establish the Pakistan ...