Month: January 2023

KARACHI: Complete implementation of the competition laws will reduce the price of essential items by 25 to 30%, end the price cartel operating in different sectors and convert Pakistan’s economy…

KARACHI: Traders and stakeholders of the salt industry have drawn government’s attention towards the imported potassium iodate cargo held at Karachi Port for the past 15 days, resulting in significant…

BEIJING: “As China relaxes its Covid-19-related restrictions, I think a major turnaround will happen for Pakistani producers. I hope that Pakistani producers, exporters, and manufacturers will come here and explore…

KARACHI: Even from Pakistan’s standard, the outgoing year was a nightmare. Marred with domestic political uncertainty – compounded by a spike in energy prices and global interest rates hike –…

ISLAMABAD: We will have an interim government fairly soon and it would not be an easy time for that set-up due to political temperature, and more importantly due to the…

KARACHI: Pakistan’s foreign exchange reserves are in dire straits. As of January 6, 2023, the State Bank of Pakistan (SBP) reported having a mere $4.3 billion on hand, barely enough…

ISLAMABAD: The word ‘pledge’ appears in the news far too often, albeit accompanied by ‘unfulfilled’ or ‘failed.’

ISLAMABAD: The World Bank has diverted $615 million from ongoing slow moving projects towards rehabilitation and reconstruction of the flood-affected areas, which Pakistan was unable to use due to multiple…

SBP says inflows stood at $2.10b in Nov; major reduction comes from UAE KARACHI: The inflows of workers’ remittances sent home by overseas Pakistanis have continued to slow down, plunging…

Inflation measured by SPI reached 31.75% on a year-on-year basis in the week ending on January 12 ISLAMABAD: The trend of the rising prices carried on in the week that…