Business
4.8% GDP growth expected next fiscal year
May 28, 2021
4.8% GDP growth expected next fiscal year
Federal Minister for Planning and Development Asad Umar said Friday Pakistan’s gross domestic product (GDP) growth was expected to hit…
SBP to maintain policy rate at 7% for next two months
May 28, 2021
SBP to maintain policy rate at 7% for next two months
The State Bank of Pakistan will maintain the policy rate at 7% for the next two months, the Monetary Policy…
Central bank expected to keep Pakistan policy rate unchanged
May 27, 2021
Central bank expected to keep Pakistan policy rate unchanged
The market is expecting that the State Bank will be maintaining the interest rates at the present level of 7%…
Gold jumps Rs2,850 in Pakistan in a single day
May 27, 2021
Gold jumps Rs2,850 in Pakistan in a single day
The gold price in the international market rose to $1,904 an ounce by the time this story was filed. Only…
Facebook, Nayatel partner to invest in fiber networks in Pakistan
May 27, 2021
Facebook, Nayatel partner to invest in fiber networks in Pakistan
Facebook has partnered with internet service provider Nayatel to invest in fiber networks that will bring improved internet speeds to…
Pakistan Stock Exchange sees highest trading volume in history
May 26, 2021
Pakistan Stock Exchange sees highest trading volume in history
The Pakistan Stock Exchange (PSX) on Wednesday recorded a trading volume of more than 1.5 billion shares for the first…
Phase II of Ehsaas Program will pay Rs12,000 aid to 8 million beneficiaries
May 26, 2021
Phase II of Ehsaas Program will pay Rs12,000 aid to 8 million beneficiaries
Federal Finance Minister Shaukat Tarin on Wednesday chaired an Economic Coordination Committee (ECC) session wherein he greenlighted phase two of…
US dollar rises against rupee
May 26, 2021
US dollar rises against rupee
The Pakistani rupee depreciated 41 paisas against the United States (US) dollar in the interbank currency market on Wednesday. According…
KP ratifies 300MW Balakot hydropower project with ADB’s support
May 25, 2021
KP ratifies 300MW Balakot hydropower project with ADB’s support
The Khyber Pakhtunkhwa (KP) government has signed Tuesday the Balakot Hydropower Development Project in collaboration with the Asian Development Bank…
Current account posts $200m deficit as SBP says economic revival on ‘sound footing’
May 25, 2021
Current account posts $200m deficit as SBP says economic revival on ‘sound footing’
The country’s current account balance (CAB) posted a “small deficit” of $200 million in April 2021 – 61 per cent…