Business News | PSX | News Updates from Pakistan Economy

Government will take measures to provide maximum relief to salaried class: Hammad

Federal Minister for Energy Hammad Azhar on Thursday said that the PTI-led government will take measures to provide maximum relief to the salaried class.

January 20, 2022
Published in Business

Pakistan revises up 2020-21 GDP growth to 5.37pc: Asad Umar

Pakistan has revised up its economic growth rate for 2020-21 to 5.37 per cent from 3.9pc, Planning and Development Minister Asad Umar said on Thursday.

January 20, 2022
Published in Business

Brent oil hits highest level in more than seven years

Brent crude prices hit their highest level in more than seven years on Tuesday on growing demand optimism, easing concerns about the Omicron Covid variant and geopolitical tensions.

January 18, 2022
Published in Business

Gold extends gains in line with international market

In line with the international market, the gold price in Pakistan extended gains on Monday despite a recovery in the Pakistani rupee.

January 17, 2022
Published in Business

Cryptocurrency scam, No law governing virtual currencies in Pakistan

The Director General Federal Investigation Agency (FIA) revealed that currently there is no law or regulatory framework for cryptocurrencies in the country.

January 16, 2022
Published in Business

Govt announced a Rs3.01 increase in petrol prices.

The government on Saturday announced a Rs3.01 increase in the price of petrol owing to the rising petroleum prices in the international market.

January 16, 2022
Published in Business

Global growth could slow sharply due to Omicron: World Bank

Global growth will “decelerate markedly” this year, but the Omicron variant of Covid-19 that is spreading rapidly worldwide could make the situation worse and exacerbate labor shortages and supply chain snarls, the World Bank warned…

January 12, 2022
Published in Business

Economy can ride out rising external account pressures: SBP

State Bank Governor Reza Baqir believes the country has the capacity and financial cushion to ride out rising external account pressures being driven by a surge in global commodity prices.

January 11, 2022
Published in Business

Emerging economies must prepare for interest rate hikes:IMF

Emerging economies should get ready for US loan fee climbs, the International Monetary Fund said, cautioning that quicker than anticipated Federal Reserve moves could shake monetary business sectors and trigger capital outpourings and cash deterioration…

January 10, 2022
Published in Business

KSE-100 closes in green despite rising inflation, import bill

The Pakistan Stock Exchange (PSX) started the new year with renewed optimism, led by heavy foreign buying, particularly in the technology sector. As a result, it gained 1.68% or 750 points, pushing up the benchmark…

January 8, 2022
Published in Business

Oil prices lost more than $1 a barrel from their highest levels in more than a month

Oil prices lost ground on Thursday, falling more than $1 a barrel from their highest levels in more than a month after US fuel stockpiles surged amid declining demand.

January 6, 2022
Published in Business

Poor response to electric vehicles policy

Pakistan has not yet received encouraging response from the manufacturers of electric vehicles as the country has a limited market for such environment-friendly cars.

January 5, 2022
Published in Business

Pakistan needs to shift towards progressive taxation: Finance Minister

In order to create a tax culture, we should start with Parliamentarians, Federal Minister for Finance and Revenue Shaukat Tarin said on Monday while inaugurating the Parliamentarians Tax Directory for the tax year 2019.

January 3, 2022
Published in Business

Essential medicine prices out of reach

The unprecedented drug price hikes in Pakistan are not only hitting the poor cluster of the society hard but also impacting the middle income families. Using the lower middle-income poverty rate ($3.2 per day), a…

January 3, 2022
Published in Business

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