Pakistan records lowest inflation in past seven years
ISLAMABAD: Pakistan’s Sensitive Price Indicator (SPI) has decreased to 0.44%, which is extremely lower than the 39.45% recorded last year on 1st February 2024. It marks the lowest SPI since April 12, 2018 when it was 0.29%. This week SPI observed a change of -0.36% from the previous week (wow).
Sugar prices continue to rise for the eighth consecutive week
The price of sugar in the country has increased once again, marking the eighth consecutive week of rising costs.
Petrol, diesel prices expected to increase
The prices of petrol and diesel are likely to go up to Rs6 per litre on Wednesday for the next fortnight.
Chicken prices skyrocket, nearly doubling in just one week
WEB DESK: The price of essential commodities has shot up, especially chicken meat, whose prices soared to an all-time high this weekend in most parts of the country. Islamabad: prices almost doubled Chicken prices have almost doubled in a week in the federal capital. The chicken meat is now available
Pakistan achieves mere 0.92 per cent GDP growth in Q1 FY25
WEB DESK: Pakistan’s economy recorded GDP growth of 0.92 per cent in the first quarter of FY 2024-25 (1QFY25), as per the latest figures released by the Pakistan Bureau of Statistics (PBS). The agriculture and services sectors showed resilience, while the industrial sector struggled with a contraction. Sectoral performance: key
State Bank of Pakistan announces major cut in interest rate
The State Bank of Pakistan (SBP) has announced a 2 per cent reduction in the interest rate.
Govt to raise gas prices soon, says minister
Federal Minister for Petroleum, Musadik Malik, has stated that the government plans to supply Liquefied Natural Gas (LNG) to domestic consumers, but this will lead to a gradual increase in prices.
US job growth rebounds in November; unemployment rate ticks up
REUTERS: US job growth surged in November after being severely hindered by hurricanes and strikes, but a rise in the unemployment rate to 4.2 per cent pointed to an easing labor market that should allow the Federal Reserve to cut interest rates again this month. The labor market’s resilience is
Deadline for Hajj applications may extend due to low submissions
The deadline for Hajj applications is likely to be extended, according to various media reports.
Toyota cars now available with easy auto financing deal
WEB DESK: Toyota Pakistan (IMC) is offering car enthusiasts an opportunity to own their dream vehicle amid rising costs and inflation, with exclusive financing deals. Despite the ongoing financial strain, the automaker’s sales have shown significant improvement over the past year or two, prompting these attractive offers to make car