The International Monetary Fund (IMF) says that in the current fiscal year 2023-24, Pakistan’s economic growth rate is likely to be 2.5 percent, while unemployment is expected to decrease from 8.5 percent to 8 percent. The IMF has released a report on the economic performance of Pakistan according to which the economic growth rate […]

  According to the State Bank experts, Pakistan is a country with vast potential in information technology exports and needs to find new markets for IT exports by making its products and services more competitive. This was said by experts from the Economic Policy Review Department of the State Bank in a recent podcast on […]

  Significant progress in trade activities are noted between Pakistan and Russia recently. Two freight vehicles carrying commercial goods from Moscow entered Pakistan via Torkham, Pakistan will import 11 items and export 26 items from Russia. According to Geo News, customs officials say that there is a significant development in trade activities with Russia under […]

Karachi (News Desk  08 July 2023) The price of flour has risen again, that has reached the highest level in Karachi. According to the details, there has been a big increase in the prices of flour in different cities of the country. In Karachi flour is most expensive as compared to other cities in Pakistan, […]

  News Desk: In the current fiscal year, Pakistan’s textile exports have recorded a huge decrease of billions of dollars. According to the new data released by APTMA, compared to the last financial year, textile exports this year saw a decrease of two billion and eighty one million dollars. In the last ten years, this […]

News Desk: After Eid-ul-Azha, the inflation rate in the country increased by 0.70 percent during the week, while the annual inflation rate was 28.55 percent. According to the weekly data released by the Federal Bureau of Statistics, the inflation rate increased by 0.70 percent last week, while the annual inflation rate has been recorded at […]

According to the media report, Gulf and Central Asian countries are showing interest in CPEC projects, that will likely attract huge investment in the country. Billions of dollars are also expected to be invested in the projects under the CPEC projects by the Gulf countries. Special zones are prominently included in them. Only 35 percent […]

KARACHI: The target of mango exports is in danger due to the poor strategy of the Plant Protection Department. Mangoes exported from Pakistan are subjected to hot water treatment to protect them from fruit flies. Due to discriminatory policy and favoritism of the Plant Protection Department, 90% of the 35 plants have been shut down. […]

The State Bank of Pakistan has announced to set the interest rate at 22 percent after an emergency meeting in view of rising inflation. According to the State Bank of Pakistan, an emergency monetary policy meeting was held, in which the policy rate was increased by 100 basis points. The statement said that monetary policymakers […]