Good news for government employees
Government has announced a raise in salaries and pensions and there is an increase in the minimum and maximum wages of the employees
Auto assemblers respond to SBP’s restrictions
As a response to the restrictions imposed by SBP, auto assemblers surprised its customers with tremendous price hikes
Inflation reaches a record high of 21.3 percent over 13 years
Inflation in Pakistan has reached a record high of 21.3 percent without adjusting for the increase in petrol, electricity and gas prices
Is China taking over the export industries of Pakistan?
Trade gap between China and Pakistan widens due to non-trade barriers and the country's reliance on China grows dramatically
Bid farewell to mobile and internet services!
Telecom operators warned to end mobile and internet services due to countrywide power outages as it is causing issues in their operations
Fuel becomes a luxury!
Increase in fuel prices due to petroleum development levy by Rs10 on petrol and Rs4 on diesel to revive the IMF program
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