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Category: Business

Another sharp hike in petroleum prices likely during IMF team visit

Business Feature Writer
Pakistan's oil prices are anticipated to increase even more sharply during the visit of a team from the International Monetary Fund (IMF). A delegation from the IMF is scheduled to visit Pakistan on...

Govt Increases Price of Petrol by Rs. 35

Business Feature Writer
On Sunday morning, two days before the bimonthly review, the federal government abruptly announced a significant increase in the price of products containing petroleum, effective right away. Ishaq Dar, the finance minister, made...

Petrol Price Likely to Rise from Feb 1

Business Feature Writer
According to sources, the price of diesel will rise by 25 rupees per liter. Petrol prices are most likely going to increase by 20–21 rupees per liter. The review is due on February 15,...

PKR takes a hit against dollar in open market after exchange cap removal

Business Feature Writer
After the currency's value cap was lifted on Wednesday, the dollar was trading at Rs243. According to Zafar Paracha, general secretary of the Exchange Companies Association of Pakistan (ECAP), the authorized committee decided...

How Does Removing Dollar Cap Affect Exchange Rate in Open Market?

Business Feature Writer
The removal of the US dollar cap by the Exchange Companies Association of Pakistan (ECAP) was a positive move, but analysts think it was a very bad idea. The ECAP decided to remove...

PM To Launch Youth Business, Agricultural Loan Schemes

Business Feature Writer
The prime minister will unveil the youth business and agricultural loan programs on Tuesday in Islamabad. The program aims to promote entrepreneurship and self-employment among young people.Amounts of up to 7.5 million rupees...

SBP increase policy rate to 17pc to “anchor inflation”

Business Feature Writer
The State Bank of Pakistan's (SBP) governor, Jameel Ahmad, declared that the Monetary Policy Committee (MPC) had decided to increase the interest rate by 1% to 17%. He made the announcement at a...

Govt Planning on Taxing All Cash and Online Banking Transactions

Business Feature Writer
The administration is considering passing a Presidential Ordinance that would impose a withholding tax on all banking transactions, including those that don't involve actual cash withdrawals from banks or financial instruments. The proposal,...
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