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In late January, Pakistan lifted the artificial cap on its currency, causing the rupee to plunge 20% against the dollar in a few days. The government raised fuel prices by 16%. And the Pakistani central bank raised its interest rate by 100 basis points to battle the country's highest inflation in decades, expected to be as high as 26% in ...
Pakistan Customs in September 2023 conducted an intensified anti-smuggling campaign across the country, resulting in the seizure of essential commodities valued at 2.25 billion rupees. The seized items encompassed a wide range of essential goods, including sugar, urea, petroleum, currency, tires, black tea, vehicles, iron, steel, and various ...
The subsidised rate for 40 kgs (88.2 lb) of flour will be 2,000 rupees, down from 3,100 rupees, he said at a press conference telecast live by local TV channels. He also announced a substantial ...
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The Pakistani rupee depreciated against the US dollar until around the start of the 21st century, when Pakistan's large current-account surplus pushed the value of the rupee up versus the dollar. Pakistan's central bank then stabilized by lowering interest rates and buying dollars, in order to preserve the country's export competitiveness.
The 2024–25 Pakistan Federal Budget is a financial statement of the government's estimated receipts and expenditures for the fiscal year that runs from 1 July 2024 to 30 June 2025. [ 1 ] [ 2 ] On 12 June 2024, finance minister Muhammad Aurangzeb presented the federal budget with a total outlay of Rs18.877 trillion. [ 3 ]
ISLAMABAD (Reuters) -A Pakistani court sentenced former Prime Minister Imran Khan to 14 years imprisonment on Friday in a land corruption case, a setback to nascent talks between his party and the ...
Dawn News is a Pakistani 24-hour Urdu news channel. Based in Karachi, the station is a subsidiary of Pakistan Herald Publications Limited (PHPL), Pakistan's largest English-language media group. [1] [2] The test transmission of the station occurred on 25 May 2007, and the channel went live on 23 July 2007.