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CPI inflation in June remained 29.4% compared to 38% in May: Dar

Finance Minister Ishaq Dar has said that Consumer Price Index (CPI) inflation in the month of June 2023 remained 29.4 percent as compared to thirty-eight percent last month.In a tweet on Monday, he said that Pakistan Stock Market added 2,334 points by…

Pakistan’s Textile Exports Fall by Over 14% in FY23

Pakistan’s textile exports slumped by over 14 percent or $2.8 billion during fiscal year 2022-23 (FY23).According to the latest exports figures shared by Arif Habib Limited, the country’s textile exports during FY23 came in at $16.51 billion, compared…

Pakistanis to Pay Hajj Expenses in US Dollars From Next Year

Talha Mehmood, the Federal Minister for Religious Affairs, made several significant announcements regarding Pakistan’s Hajj quota and expenses during a recent press conference after the Hajj pilgrimage.He joyfully revealed that the Hajj quota for Paki…

Agriauto Industries to Observe Partial Shutdown in July

Agriauto Industries Limited announced on Monday that it will be observing a partial shutdown during the ongoing month.In a notice to Pakistan Stock Exchange (PSX), the company said that due to a reduction in production volumes of its major customers, …

Will IMF deal end Pakistan’s economic misery?

Irfan Ali, a 22-year-old resident of Rawalpindi, has been struggling to make ends meet over the past year.Pakistan’s grave economic crisis has resulted in massive layoffs during this period and Ali, who was working for a real estate firm, also lost hi…

Govt Increases Development Levy on Petrol to Rs. 55 Per Liter

The federal government has commenced the implementation of new measures, as per the agreement reached with the International Monetary Fund (IMF) under the recently approved bailout package.As part of these measures, the government has decided to raise…

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