Islamabad, September 14, 2023 (PPI-OT): Former Vice President of FPCCI Atif Ikram Sheikh on Thursday that inflation has increased a lot while the purchasing power of the people has become the lowest compared to other countries in the region. In these c…
The post Purchasing power of people
After major gains in the previous two days, the price of gold in Pakistan remained unchanged on Thursday.According to the data released by the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of gold (24 carats) remained unchange…
Pakistan’s current account deficit improved by $615 million to $160 million in August 2023 compared to a deficit of $775 million recorded in the previous month.According to data released by the State Bank of Pakistan (SBP), the current account deficit…
The Large Tax Offices (LTOs) of the Federal Board of Revenue (FBR) take advances from the big companies to meet their annual revenue collection targets.This has been reportedly stated by the Pakistan Business Council in a report prepared by the FBR on…
State Bank of Pakistan (SBP) Governor Jameel Ahmad on Thursday said that the country’s total external financing requirement for the current fiscal year (FY24) stands at $24.6 billion, which includes interest payments of $3.4 billion and $21 billion in…
The foreign exchange reserves held by the central bank declined for the fourth consecutive week, according to data released by the State Bank of Pakistan (SBP) on Thursday.On September 8, the foreign currency reserves held by the SBP were recorded at …
Amid the Government of Pakistan’s directives and a nationwide focus on curbing power theft, K-Electric is acting against power theft and lodged 196 FIRs in police stations across the city against theft of 2 million units and Rs. 123 million.1.5 millio…
The chairman of the Senate Standing Committee on Aviation Senator Hidayatullah presided over a meeting at Parliament House today that delved into significant matters concerning the aviation sector and Pakistan International Airlines (PIA).Senator Hida…