Pakistan faces alarming trade deficit

The trade deficit increased by 55.29 percent during fiscal year 2021-22 as a result of prevailing circumstances in the country

Miftah Ismail debunks reports claiming postponement of IMF program

Finance Minister tweeted on Monday that “there is no truth” to the media reports claiming the postponement or delay in the IMF program “due to some anti-corruption law”. “The IMF program is on track” he added.

400 textile mills facing shutdown

Lack of gas and electricity supplies has resulted in shutdown of 400 textile mills and PM was already informed

“Awaami Sawari” is no more!

Pakistani Motorcycles Market is declining and the company has blamed inflation making the “Awaami Sawari” is no more affordable for the public

Suez Canal earns record breaking revenue of $7 bn

As Egypt reels under mounting economic pressures from the war, foreign currency reserves fell $5.5 billion between March and May to stand at $35.5 billion.

Taimur Jhagra: The world has done it, we can do it!

In the last 13 years, Pakistan has incurred more than 7 times jump in its pension bill which makes up 650 percent increase in pension bill

IMF program postponed!

The IMF program has been further postponed and the point of dispute is the improvement of anti-corruption regulations

Miftah Ismail lands in hot waters

Finance Minister, Miftah Ismail is criticized for being anti-business and corrupt seeking to crush small businesses.

Pakistan’s startup sector had a dramatic dip in funding!

“If you’re a business that bleeds a ton of money w/ no path to profitability, 2021 may have been your year, but certainly not in 2022."

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

GM makes strong comeback and outsells Toyota

GM sold over 7,300 electric vehicles in the quarter, including the GMC Hummer pickup truck, whose production is set to gradually rise in the second half.
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