Formalization of crypto trading in Pakistan

Rain Financial is urging local officials to establish a legislative framework for the formalization of crypto trading in Pakistan.

Petroleum prices likely to be reduced!

It is likely that the prices of petroleum products are going to be reduced because of significant drop in prices in international market

SBP’s measure to cool down the heated economy

SBP raised the policy rate by 125 basis points (bps) to 15 percent for cooling down the heated economy, hold inflation and strengthening PKR.

Energy crisis set to worsen

The inability of Pakistan to procure LNG will result in worsening of the energy crisis in the country.

SBP official explains “Why is the Rupee always depreciating?”

The Rupee is always depreciating because we are a consumption driven society, this itself leads to continuous trade deficit which causes depreciation

Restore gas supply to fulfill export orders: APTMA

APTMA urged the government to restore gas supply to the textile industry at earliest, citing a loss of nearly $1 billion in exports.

Nepra: Cost of hydel projects should be paid by provinces

Cost of hydel projects should be paid by consumers (provinces) who use water for agricultural purposes rather than electricity consumers

Government enables Pak-Afghan trade in Rupee

Government enabled Pak-Afghan trade in rupee via land routes due to the lack of tradable currency through banking channel

One-time permission granted for the discharge of stranded consignments of banned items

ECC suspended conditions on the import of timber/wood till Aug 31 as the Ministry of Commerce moved summary in this regard

Cut in armed forces budget for the sake of IMF deal

One of the key conditions for the revival of IMF program is a primary budget surplus of Rs153 billion, or 0.2 percent of national production

Tax relief on cigarettes

Government has silently given billions of rupees in tax relief to costly cigarette brands

Hamza Shahbaz’s ‘free electricity’ decision comes under criticism

PML-N claims “the provision of providing free electricity is a part of pro-people policies” but the decision comes under criticism