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Tag: economic issues

Rupee Faces Further Depreciation in Open Market Amid Dollar Shortage

National
The Pakistani rupee is likely to face more pressure in the open market next week as a shortage of the dollar persists. However, in...

SBP Projects Substantial Decline in Pakistan’s Economic Growth, Citing Control Measures and Flood Impact

National
The State Bank of Pakistan (SBP) has provided a grim assessment of the country's economic prospects, stating that growth for the current fiscal year...

Pakistan’s Current Account Registers Second Consecutive Monthly Surplus

World
In a positive development for Pakistan's economy, the current account recorded a surplus for the second consecutive month in April. The surplus amounted to...

Pakistan Faces Uphill Battle in Meeting IMF’s $8 Billion Bailout Review Requirement

Breaking News
The International Monetary Fund (IMF) has reportedly urged Pakistan to procure a substantial amount of $8 billion to successfully conclude its bailout review. This...

Record High Inflation in Pakistan: Can the Government Control Prices?

National
Inflation continues to devastate the lower and middle-income groups in Pakistan as prices soar, particularly for essential goods such as potatoes and chicken. The...

Saudi Fund for Development signs $240m loan agreement with Pakistan for a sustainable energy project

National
The Saudi Fund for Development (SFD) has signed a loan agreement worth $240 million with Pakistan to support the Mohmand Multipurpose Dam Project, aimed...

Pakistan Raises National Saving Rates

National
The Government of Pakistan has announced a revision in the profit rates of national savings schemes, increasing them by up to 4.13%. The move...

Pakistan’s Economy Faces Challenges as US Dollar Gains Against the Rupee

World
The US Dollar continued its upward trend against the Pakistani Rupee on Friday, gaining a record 25 paisas in the interbank trading. The local...

Saudi Arabia funds Pakistan’s Dam

World
Saudi Arabia has signed a $240 million loan agreement with Pakistan to support the Mohmand Dam project in the northwestern Khyber Pakhtunkhwa province. The...

Pakistani Rupee Rises on Hopes of IMF Bailout Revival

National
The Pakistani rupee has gained over 1% against the US dollar in interbank trade on hopes of a revival of the International Monetary Fund...

Pakistan’s Rupee Hits All-Time Low at 288 Against USD as IMF Loan Program Remains Delayed

Government
Pakistan's currency, the rupee, has reached a new all-time low against the US dollar, hitting Rs288 in the interbank market. This depreciation comes amid...

Overpricing in Ramzan bazaars causes frustration for citizens

National
As the holy month of Ramzan begins, citizens in Rawalpindi are expressing disappointment with the high prices of essential items in Sasta Ramzan bazaars,...
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