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
Pakistan records 4 per cent weekly inflation, lowest in six years
ISLAMABAD: The Pakistan Bureau of Statistics on Friday released a report, the Sensitive Price Index in Pakistan continues its upward trend, with a 5 per cent increase recorded over the past week and a 4.16 per cent rise on an annual basis. The price fluctuates in essential commodities. Prices of
Chicken prices go up in Lahore
The prices of chicken in Lahore on Saturday saw a notable rise. As per the latest data from the market, the price of meat sold by retailers has increased by Rs14 per kilo, now standing at Rs540 per Kilogramme, up from Rs526 Kilogramme the previous day. The rising costs of
K-Electric consumers to pay higher electricity bills from this month
The consumers of K-Electric will have to pay higher electricity bills due to the adjustment of Rs2.17 per unit for the month of November.
‘Sell their own flats’: Sheikh Rashid criticises PML-N over PIA privatisation
Former Federal Minister Sheikh Rashid Ahmed, speaking outside an anti-terrorism court in Rawalpindi on Monday, criticized the government for selling Pakistan International Airlines (PIA) and said, "The leaders should sell their own flats instead of national institutions."
Finance Division projects October inflation in Pakistan at 6-7 per cent
The Finance Division on Wednesday forecast that inflation in Pakistan is expected to be between 6-7 per cent in October and further moderate to 5.5-6.5 per cent by November. The ministry said in its monthly economic update and outlook report that economic recovery is expected in the coming months. Inflation
