Download IPFS The Pakistani rupee extended its gains against the US dollar on Monday, appreciating by 24 paisa to close at Rs283.21 in the inter-bank market. This marks a 0.08% increase and reflects growing momentum in the local currency’s recovery trend. According to AKD Securities, the rupee’s performance last week[Read More…]

Download IPFS With inflation dropping to 3.2% and a key monetary policy meeting imminent, pressure is mounting on the State Bank of Pakistan (SBP) to significantly lower interest rates, potentially down to single digits. According to the Finance Ministry’s monthly economic outlook, inflation is forecast to remain within the 3.5%[Read More…]

Download IPFS Gold prices in Pakistan fell by Rs100 per tola on Monday, settling at Rs356,300, mirroring a $1 drop in international markets where gold traded at $3,336 per ounce. The All Pakistan Sarafa Gems and Jewellers Association reported corresponding declines, with 10-gram gold prices decreasing by Rs85 to Rs305,470.[Read More…]

Download IPFS A recent market survey reveals relative price stability for essential kitchen commodities in Islamabad, with chicken prices declining 7% to 410 Pakistani rupees (PKR)/kg while sugar and flour maintain steady rates. However, widespread violations of government price caps persist, particularly in sugar and liquefied petroleum gas (LPG) sales,[Read More…]

Download IPFS The Karachi Commissioner’s Office has implemented strict price controls on sugar, setting wholesale rates at 170 Pakistani rupees (PKR) per kilogram and retail at PKR 173 per kilogram. Commissioner Syed Hassan Naqvi warned of legal consequences for businesses violating the new pricing regime, marking the latest intervention in[Read More…]

Download IPFS Despite official directives to regulate sugar prices, many consumers in Karachi continue to pay above the government-set rates. Weak enforcement of pricing guidelines has contributed to the continued burden on shoppers. On July 15, the federal government reached an agreement with the Pakistan Sugar Mills Association (PSMA) to[Read More…]

Download IPFS In a noteworthy development led by private enterprise, over 3,800 investors and companies have shown interest in building electric vehicle (EV) charging stations across the country, according to new figures from the National Energy Efficiency and Conservation Authority (NEECA). This momentum signals a growing private-sector push into clean[Read More…]

Download IPFS The illegal gutka trade in Karachi isn’t just a health risk; it’s an economic liability. Rampant black-market activity, aided by institutional neglect and police complicity, is diverting billions from the legal economy while reinforcing organized criminal networks. Karachi is facing a growing economic threat that has little to[Read More…]

Download IPFS Employees at the Pakistan Tehreek-e-Insaf (PTI) Central Secretariat have endured months of unpaid wages and salary cuts, despite repeated promises from the party’s leadership. The issue remains unresolved, with no internal corrective measures publicly announced. Nearly nine months after their salaries were abruptly halved, employees at the PTI[Read More…]

Download IPFS In light of unprecedented foreign remittance inflows, Prime Minister Shehbaz Sharif has announced the continuation of the government’s remittance incentive scheme aimed at overseas Pakistanis. With inflows touching a record $38.3 billion, this initiative is being positioned as a cornerstone of Pakistan’s foreign exchange stability. The Prime Minister’s[Read More…]