On the interbank market on Thursday, the Pakistani rupee plunged drastically by Rs18.74 versus the dollar, reaching a record high of Rs284.85 in morning trade, according to information provided by the Exchange Companies Association of Pakistan (Ecap).
To assist oil refineries in increasing their production capacity and meeting the nation’s demand, the Cabinet Committee on Energy (CCOE) may approve a tariff protection of 10% deemed duty on diesel and 2.5% on petrol.
An agreement worth $1 billion was struck on Friday to boost trade between Pakistan and Uzbekistan, according to a statement from Pakistan’s Ministry of Economic Affairs
The State Bank of Pakistan (SBP) said on Thursday that Pakistan’s foreign exchange reserves held by the central bank increased by $66 million to $3.258 billion in the week ending February 17
According to the World Bank, Pakistani policies that are successfully implemented might result in the creation of 7.3 million additional jobs for women.
Toyota hiked the price of its vehicles for the third time in the last 30 days. These estimated expenses, according to the corporation, are merely indicative and could fluctuate.
One of the primary issues facing the world economy now is inflation. Due to the severe macroeconomic difficulties and flooding that Pakistan endured in 2022, the situation there is considerably worse.
For the fifth session in a row, the Pakistani rupee strengthened versus the US dollar, rising 0.36% on Monday in the inter-bank market.
The executive allowance for BPS-17- to BPS-22 officers working in the Federal Secretariat and the Islamabad Capital Territory (ICT) Field Administration has been approved by Prime Minister Shehbaz Sharif.
The price of various cigarette brands, including Marlboro, Benson and Hedges, Gold Leaf, Capstan, Gold Flake, Dunhill, Embassy, and Morven Gold, has increased significantly as a result of the supplementary finance bill that the finance minister submitted to the parliament this week
In order to maintain its competitiveness abroad, it has also urged that the government keep the price of electricity for exports at Rs. 19.99 per kWh nationwide.
Asian markets were mixed Monday with traders on edge as they considered the prospect of more US interest rate hikes aimed at bringing down stubbornly high inflation.
