Economy
Industrialists are our asset and solving people’s problems is our first priority
Karachi, October 24, 2024: Provincial Minister for Industries and Commerce, Jam Ikramullah Dharejo, emphasized the importance of industrialists as valuable assets and stated that addressing public issues is the government’s top priority. He made these remarks while presiding over a meeting in his office today. The meeting included key figures such as Secretary of Industries…
Kitchen Essentials Price Surge Contradicts Claims of Declining Inflation in Pakistan
KARACHI, October 24 2024: In a surprising turn against government assertions of falling inflation, prices for essential kitchen items in Pakistan continue to rise, straining household budgets. Recent reports highlight significant increases in the costs of staples such as flour, ghee, and cooking oil. Retailers have observed that the price of 5-kg bags of branded…
Pakistan Economy: MPS Preview – Another 200bps Cut in the Offing
KARACHI, October 23 2024: – As the upcoming monetary policy meeting on November 4, 2024, approaches, analysts at Arif Habib Limited (AHL) anticipate a substantial 200 basis points (bps) cut in the policy rate, potentially lowering it to 15.5%. This level would be reminiscent of November 2022 when the rate stood at 16.0%. If this…
FPCCI & FBR Exclusive Meeting: Genuine Taxpayers Should Be Protected at All Costs
KARACHI, October 23 2024: In a significant meeting between the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and the Federal Board of Revenue (FBR), President Atif Ikram Sheikh underscored the urgent need to safeguard genuine taxpayers from unwarranted harassment. Sheikh reported that FBR Chairman Rashid Mahmood Langrial has agreed to focus enforcement efforts…
Power Generation drops 6.4% YoY in Sep’24
Islamabad, October 23, 2024: Power generation in Pakistan saw a year-on-year decline of 6.4% in September 2024, with total output falling to 12,487 GWh (17,343 MW) compared to 13,339 GWh (18,527 MW) during the same period last year (SPLY). On a month-on-month basis, the country also experienced a 5.3% decrease in power generation, reflecting ongoing…