Pakistan – Page 9 – PASAR NEWS

On global inflation fears, Asian markets are falling

Despite an initial Wall Street rally because to a strong US jobs data, Asian equities slumped Monday as investors remained concerned about inflation and the lingering impact of China’s Covid lockdown measures. A number of problems, including rising inflation, rising interest rates, China’s economic slowdown, and the war in Ukraine,Read More →

Imran Khan claimed credit for the IMF’s 10 Billion Tree Tsunami

ISLAMABAD: After the International Monetary Fund (IMF) disclosed how the 10 Billion Tree Tsunami initiative was born, Pakistan Tehreek-i-Insaf (PTI) Chairman Imran Khan took credit for guiding the first administration in Pakistan history to reverse the deforestation trend. According to a post from the IMF’s Twitter account, Pakistan must conserveRead More →

Exports of services increased by 17.07 percent in three quarters, to 20.19 percent in March

The Pakistan Bureau of Statistics (PBS) revealed that service exports from the country increased by 17.07 percent in the first three quarters of the current fiscal year (2021-22) compared to the same period previous year. Services exports from July to March (2021-22) totaled $5,156.10 million, up 17.07 percent from $4,404.24Read More →

Sources said an IMF group will arrive in Pakistan on May 10

ISLAMABAD: According to sources, an International Monetary Fund (IMF) group will come in Pakistan on May 10 to have decisive negotiations with the federal administration. A group from the international banking organisation will visit Pakistan for ten days to meet with Pakistani officials. The IMF delegation will also meet withRead More →

Profiteers are unrestrained as chicken prices in some regions of the country surpass Rs700

As the government fails to restrain profiteers, chicken prices have risen to Rs700 per kilogramme in some regions of the country. According to data, the price has risen to Rs700 in Quetta after a Rs200 increase, Rs600 in Karachi after a Rs150 increase, and Rs458 in Lahore per kg. Meanwhile,Read More →

The NEPRA raises the power tariff by Rs 2.86 per unit.

ISLAMABAD, Pakistan – The National Electric Electricity Regulatory Authority (NEPRA) raised the power rate by Rs2.86 on Friday as part of the monthly fuel adjustment. According to the notification published by NEPRA, the price of electricity has been increased in the context of the March fuel adjustment, which is stillRead 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 →