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State Bank of Pakistan Cuts Policy Rate by 2%
Pakistan’s central bank has reduced the policy rate by 2 percentage points to 17.5%, effective September 13, 2024. The Monetary Policy Committee (MPC)...
Power Division Reveals Over Rs 979 Billion Paid to 33 IPPs in One Year
The Power Division has disclosed in the National Assembly that over Rs 979.29 billion was paid to 33 Independent Power Producers (IPPs) from...
Indus Motors Reduces Prices of Corolla Cross on First Anniversary
Indus Motors has announced significant price reductions for various variants of the Corolla Cross in celebration of its first anniversary. The company has...
Gold Price Rises by Rs1,300 per Tola
The price of gold per tola increased by Rs1,300, reaching Rs261,700. The price for 10 grams of gold also saw a rise of...
Slow Internet in Pakistan Pushing E-Commerce Businesses to the Brink
By: Mirza Nadir Baig Online Sellers Report 60% Drop in Sales Amidst Persistent Connectivity Problems Regular Shoppers Struggle as Slow Internet Disrupts Online...
Federal Government Allocates Most Development Funds to Sindh, Least to KPK This Fiscal Year
Dispute Over Development Funds Between Federal and Sindh Governments The Ministry of Finance has addressed a letter to the Sindh government amidst a...
Gold Prices Drop by Rs. 2,000 in Local Market After Global Decline
Following a decrease in global gold rates, local markets have also seen a reduction of Rs. 2,000 per tola, bringing the price to...
Large Oil and Gas Reserves Found in Pakistani Waters After 3-Year Survey
Pakistan has discovered significant oil and gas reserves in its territorial waters. The discovery was confirmed after a three-year survey conducted with the...
State Bank of Pakistan Announces Results of New Banknote Design Competition
The State Bank of Pakistan (SBP) has concluded its Art Competition for the new banknote series, recognizing local artists and designers for their...
Monthly Inflation Rate Decreases in Pakistan
Pakistan’s monthly inflation rate decreased to 9.64% in August 2024, according to the Pakistan Bureau of Statistics (PBS). In July 2024, the inflation...
