Punjab, K-P risk ‘financial shutdown’
LAHORE: The caretaker governments of Punjab and Khyber-Pakhtunkhwa (K-P) are heading towards a possible financial shutdown, as the…
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Inflation
1% rate hike adds Rs600b to debt cost
ISLAMABAD: A senior official from the finance ministry claimed, on Wednesday, that a 1% increase in the interest rate adds a…
Crackdown on power pilferers kicks off
ISLAMABAD/ LAHORE: In line with the orders of the Ministry of Energy, an operation against power pilferers has kicked off wherein…
IMF allows leeway on electric bills, raises gas prices by 50%
ISLAMABAD: The International Monetary Fund (IMF) has granted Pakistan permission to extend the payment of electricity bills for…
Inflation surges to 28.3% in July
KARACHI: Pakistan’s monthly inflation reading – the increase in price of major commodities and services grouped in consumer price…
Govt sees inflation slowing down to 27%
ISLAMABAD: The government on Wednesday said the pace of inflation would slow down to 27% this month but linked achieving the new…
CPI inflation expected to slow down
KARACHI: Pakistan’s Consumer Price Index (CPI) inflation growth rate is anticipated to slow down modestly on a year-on-year (YoY)…
Inflation envisaged at 20% for next fiscal year
ISLAMABAD: The government may set targets of economic growth at 3.5% and inflation at biting 20% for the next fiscal year -which…
Inflation dampens Ramazan spirit
KARACHI: It would not be amiss to label this Ramazan as the costliest one in the past few decades, as unprecedented levels of…
Inflation dampens Eid shopping
KARACHI: As usual, Eid shopping has started in the metropolitan city as markets and shopping plazas begin to witness an unusual…