Pakistan – Page 8 – PASAR NEWS

Government imposes steep fees on business class airfare

Based on foreign areas and destinations, the government has established new federal excise tax (FED) rates for first class, business class, and club class airline tickets. On Monday, the government presented the Finance Supplemental Bill 2023 revisions.For FED, new slabsThe FED would be applicable on club, business, and first-class flightRead More →

Revenues in Pakistan’s telecom industry were Rs694 billion in FY22.

ISLAMABAD (Web desk) – According to figures from the Pakistan Telecommunication Authority (PTI), the telecom industry in Pakistan produced record earnings of Rs 694 billion during the fiscal year 2021–22 as opposed to Rs 651 billion during the same period in 2020–21. The authority claims that the past quarter’s growthRead More →

News is not good for the rupee in 2023

KARACHI: Due to political upheaval and intermittent suspensions of the International Monetary Fund (IMF) lending programme, the Pakistani rupee has continued to depreciate against the US dollar into the year 2022. On Friday, the rupee fell 22% year-over-year to Rs226.43 versus the dollar in the interbank market. However, it isRead More →

HEC establishes the National Innovation Award of up to Rs. 2 million under the Prime Minister Youth Program.

The Higher Education Commission (HEC) of Pakistan created the National Innovation Award as a part of the Prime Minister Youth Program. The award seeks to provide funding to Pakistani youth so they may turn their ideas into profitable enterprises. The initiative seeks to encourage young people’s entrepreneurship and creativity whileRead More →

Inflation in December is 24.5 percent.

According to the Pakistan Bureau of Statistics, the Consumer Price Index (CPI), which measures inflation on a year-over-year (YoY) basis, increased to 24.5 percent in December 2022. (PBS). According to the statistics, inflation increased from 0.8% in November 2022 to 0.5% in December 2022 on a month-over-month (MoM) basis. AccordingRead More →

SBP will continue to have 3-month cash margin requirements.

The State Bank of Pakistan (SBP) announced on Friday that there will be an extra three months of cash margin limitations on the import of around 177 items. In an attempt to limit imports, the SBP decided to impose cash margin limitations on a number of imported items early thisRead More →

The price of flour has risen by up to 100% in Pakistan.

According to the Federal Bureau of Statistics, the price of a 20 kg flour bag climbed by Rs. 720 in a week.Residents of Islamabad have been struck the hardest by the spike in wheat prices, and are now obliged to buy the most costly flour in the country. A 20Read More →

Roshan Digital Accounts Saved Pakistan from a Crisis Similar to Sri Lanka.

With the economy under great strain, as seen by depleted foreign reserves, a rising current account deficit, and the currency plunging to a historic low, Pakistan must act quickly to reactivate the International Monetary Fund programme in order to avert a Sri Lanka-style collapse. “In order to re-enter the program,Read More →

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 →