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Govt announces reduction in prices of petroleum products

Government has announced reduction in the prices of petroleum products for next fortnight.Announcing the prices on Saturday night, Finance Minister Ishaq Dar said that nine rupee per liter reduction has been made in petrol prices, while High Speed Die…

Infinix Hot 30 5G Launched With 6,000 mAh Battery for $152

Infinix’s latest budget handset, the Hot 30 5G, has just arrived in India. There is no word on international availability, but it should start rolling out to other markets soon enough.The Hot 30 5G is built around a 6.78-inch IPS LCD with 1080p resolu…

Govt May Hike Power Tariff Up to Rs. 6 Per Unit Today

The federal government is likely to raise the power tariff in the range of Rs. 4-6 per unit today in response to the International Monetary Fund’s (IMF) disbursement of $1.2 billion under the recently approved $3 billion bailout program.The IMF wants …

IMF Says Pakistan Needs More Reforms for Economic Transformation

Resolving Pakistan’s structural challenges will likely require continued reforms over the medium term to underpin the needed economic transformations, strengthen inclusive growth prospects, and create an environment conducive to renewed private capita…

Pakistan’s central bank forex reserves rise 61 mln USD

The State Bank of Pakistan (SBP) said its foreign exchange reserves have increased by 61 million U.S. dollars.During the week ending on July 7, the total foreign exchange reserves of Pakistan’s central bank moved to around 4.5 billion dollars, the SBP …

Price of Gold in Pakistan Increases by Rs. 4,000 Per Tola

The price of gold in Pakistan posted a major increase on Thursday to close at Rs. 208,000 per tola.According to the data released by All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of gold (24 carats) soared by Rs. 4,000 per tol…

Production of Petroleum Products Down 12% in 11 Months of FY23

The petroleum products production witnessed a decline of 12.23 percent during July-May 2022-23 as its indices went down to 87.71 from 99.93 during July-May 2021-22, says Pakistan Bureau of Statistics (PBS).The official data revealed that high-speed di…

Large Scale Manufacturing Output Declines by 14% in May

The Large Scale Manufacturing Industries (LSMI) output has decline by 9.87 percent during July-May 2022-23 when compared with the same period of last year, says Pakistan Bureau of Statistics (PBS).According to the provisional Quantum Index numbers of …

IMF okays $3B bailout loan for Pakistan after Saudi, UAE deposits

The International Monetary Fund has approved a much-awaited $3 billion bailout for Pakistan, the global lender said, a move that’s likely to save the impoverished nation from defaulting on its debt repayments.The IMF said its executive board approved …

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