China backed Indian move of keeping Pakistan out of the BRICS plus event

Pakistan aspired to attend the BRICS outreach event for emerging economies that was joined by Algeria, Argentina, Cambodia, Egypt, Ethiopia, Fiji, Indonesia, Iran, Kazakhstan, Senegal, Uzbekistan, Malaysia and Thailand. However, India through swift and deft diplomacy blocked Pakistan from the event. Reportedly, China being the chair of the event, agreed to India in keeping its ‘all-weather ally’ out from the event.

SBP declares online forex trading platforms illegal

State Bank of Pakistan took notice of the growing illegal forex trading activity on online platforms such as OctaFX and Easy Forex.

Be ready for another increase in fuel prices!

Fuel prices in Pakistan are projected to rise due to planned implementation of a petroleum levy and sales tax on July 1, 2022

Major downturn in auto industry of Pakistan

Rupee depreciation, increased taxes, and rising fuel prices have caused a major downturn in auto industry of Pakistan

IPPs’ notice to the Government of Pakistan

IPPs have given notice to the Government of Pakistan for failing to pay Rs 15.2 billion on the due date of invoices under respective PPAs.

Technology exports of Pakistan declined sharply by 27 percent

Sharp decline in technology exports of Pakistan is claimed to be a result of regressive taxation regime instead of extended Eid holidays

PM’s strategy for importing cheaper coal goes wrong!

PM claimed that buying coal in rupees instead of dollars will save foreign exchange but Afghan Taliban wanted to earn more revenue

SBP finally reveals current account deficit for the month of May

The current account deficit increased to $1.4 billion in May

IMF delivers targets ahead of restoring Pakistan’s bailout deal

Pakistan desperately needs the money to avert a balance of payment crisis that is being brought closer by the day as result of the sharp rise in global oil and commodity prices.

‘Imran Khan is coming back!’

Strict measures taken by the coalition government in form of increasing taxes and inflation have caused strong agitation among people

Gujranwala hosts first-ever Property Sales Event

During the two-day affair, several premium real estate ventures were presented to the attendees and potential investors.

LNG shortage: fuel oil imports expected to reach a four-year high

Monthly fuel oil imports are expected to reach highest in last four years as the country struggles to buy LNG