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Flood crisis hits GDP growth projection

Flood crisis hits GDP growth projection

Disastrous monsoon rains and floods Planning Minister Ahsan Iqbal stated on Friday that Pakistan anticipates reducing its projected Gross Domestic Product (GDP) growth from 5% to 3% for the fiscal year 2022-2023 due to losses

August Inflation Surges to 27.26PC

August Inflation Surges to 27.26PC

Sharp Increase in Inflation in August According to data provided by the Pakistan Bureau of Statistics (PBS) on Thursday, the Consumer Price Index (CPI) indicated a sharp increase in inflation in August, rising to 27.26%

Weekly inflation decreases slightly 

Weekly inflation decreases slightly 

Sensitive Price Index Inflation, as assessed by the Sensitive Price Index (SPI), fell by 0.08 percent in the week ended August 11 compared to the previous week, owing primarily to lower food costs.  The year-on-year

WB reduces Pakistan’s growth rate

WB reduces Pakistan’s growth rate

On Wednesday, the World Bank reduced Pakistan’s economic growth rate forecast by almost one per cent for the current fiscal year. The World Bank said the last-ditch energy subsidies by the outgoing government had left

Suzuki Announces Price Hike for All Cars

Suzuki Announces Price Hike for All Cars

Pak Suzuki Motor Company (PSMC) announced Friday a massive increase in the prices of its lineup. It is pertinent to state that the prices will be taking effect from today, 1 April, Friday. The company

FBR spikes property valuation rates across major cities

FBR spikes property valuation rates across major cities

Pakistan - The Federal Board of Revenue (FBR) has spiked valuation rates of immovable properties up to 600% across 40 major cities. In 2019, the revenue board had surged property valuation rates by 30% to

FBR spikes immovable property valuation rates

FBR spikes immovable property valuation rates

Pakistan - On Wednesday, the Federal Board of Revenue (FBR) Increased the valuation rates of immovable properties, including residential apartments, commercial properties, and other real estate domains of 40 major cities. Spike in valuation rates

Pakistan’s trade deficit hits all-time high

Pakistan’s trade deficit hits all-time high

Pakistan - In Pakistan November brought a rise of 162.4 per cent in the country's trade deficit, primarily driven by a significant increase in the national import bill. The negative trend in the trade deficit

Samsung to produce mobile phones in Pakistan

Samsung to produce mobile phones in Pakistan

Pakistan - The Ambassador of South Korea To Pakistan has said that Samsung has set up a mobile phone manufacturing plant in Pakistan, which will lead to new job opportunities for local people. The Korean

FBR bars development authorities from business with unregistered agents

FBR bars development authorities from business with unregistered agents

Pakistan - On Monday, the Federal Board of Revenue (FBR) made it mandatory for all Real Estate (RE) agents to get registered with the FBR under the Anti-Money Laundering (AML) Act. The condition has been