Economy – Page 4 – PASAR NEWS

Flour prices in Pakistan have risen by up to 100 percent.

According to the Federal Bureau of Statistics, the price of a 20 kg flour bag has risen to Rs. 720 in one week.Residents in Slamabad have been impacted the worst by the flour price hike, and are now obliged to purchase the most costly flour in the country.The price ofRead More →

70% of PTI Government’s Foreign Loans are used to repay previous debts.

The Pakistan Tehreek-e-Insaf (PTI) government borrowed $52 billion in external loans in three years and eight months, placing it first among the previous four governments. In fact, the PTI returned 70% of the debts incurred by previous governments. It had surpassed Pakistan Muslim League (PML-N), which had $49.761 billion inRead More →

The rupee falls 94 paisas versus the dollar.

ISLAMABAD, Pakistan – In interbank trade on Friday, the Pakistan Rupee fell by 94 paisas versus the US Dollar, finishing at Rs 186.62, down from Rs 185.68 the previous day. According to the Forex Association of Pakistan (FAP), the open market buying and selling rates for the dollar were RsRead More →

Pakistan’s economy would rank 16th by 2050. PwC report

KARACHI: PricewaterhouseCoopers (PwC) believes that Pakistan will achieve exceptional growth rates over the next three decades, overtaking industrialised nations such as Canada and Italy to become the world’s 16th largest economy by 2050 in a new report. The consultancy firm produced its first ‘World in 2050’ report in March 2006,Read More →

Pakistan’s exports to China increased by 17% in the first quarter.

Pakistan’s exports to China surpassed 1.039 billion dollars in the first quarter of this year, from January to March, representing an almost 17 percent growth. According to figures released by the General Administration of Customs of China, China’s exports to Pakistan climbed by 28.69 percent in the first three monthsRead More →

Escorts Investment Bank has terminated another another sale-purchase agreement.

Escorts Investment Bank has cancelled another sale-purchase deal with three prospective investors on behalf of its primary sponsor, Bahria Town (Private) Limited.According to the PSX notification, Escorts Investment Bank Limited has received a notice from Bahria Town (Private) Limited for the termination of the share sale and purchase agreement datedRead More →

Pakistan’s foreign exchange reserves have fallen by $115 million.

Pakistan’s liquid foreign reserves fell by $115 million in the week ending April 30, 2022, representing a 0.7 percent drop week on week.According to the SBP weekly report issued on Friday, the country’s total liquid foreign exchange reserves fell by $115 million (-0.7 percent) on April 30, 2022, to $16.553Read More →

The trade deficit in Pakistan has reached an all-time high.

During the first 10 months (July-April) of the current fiscal year, 2021-22, the country’s trade imbalance set an all-time high, increasing by 64.79 percent.According to Pakistan Bureau of Statistics figures, the trade imbalance reached $39.264 billion in 2020-21, up from $23.826 billion in the previous year (PBS). According to theRead More →

NBP Becomes Pakistan’s Most Profitable Bank, surpassing UBL and HBL.

The National Bank of Pakistan (NBP) Board of Directors met to discuss the bank’s financial performance and approved the condensed interim financial statements for the three months ending March 31, 2022.As the most profitable bank, the National Bank of Pakistan has surpassed United Bank Limited and HBL. As a result,Read More →

Under the NFC Award, the federal government provides an additional Rs. 598 billion to provincial governments.

During the first nine months (July-March) of the current fiscal year (2021-22), the federal government transferred an extra Rs. 598 billion to provincial governments under the National Finance Commission (NFC) Award, compared to the same time the previous fiscal year.According to the Ministry of Finance, the Imran Khan-led government releasedRead More →