Finance

Dar meeting with US officials

the declining Pakistani rupee

Islamabad, 2 March 2023 (GNP): According to the Pakistan Bureau of Statistics(PBS), the Consumer Price Index (CPI) measured inflation and showed an increase by 31.5 percent in February while a year back, there wasn't inflation to this…

Reduction in Petrol prices

FATF on Russia

Gold prices in Pakistan

Pakistan and IMF deal

Chinese Bank financing Pakistan

PM Shehbaz on country's economy

Abu Dhabi, 20 February 2023 (GNP): On February 15, the UAE Banks Association and the Azerbaijan Banks Association signed a Memorandum of Understanding (MoU) to extend the sharing of interactions and enhance the growth of the banking and…

Gas price increase

Pakistan and Kuwait on economy

UAE digital dirhams

Pakistan and IMF agreement

The likely state of Pakistan economy in the year 2023

Daraz is going to layoff its workforce

Pakistan has to pay a staggering amount of $21.95 billion in the coming year. This is huge amount for Pakistan already in very fragile economic position.

Islamabad, 7 January 2023 (GNP): Due to the US dollar shortage and significant rupee devaluation, Pakistan's largest oil refinery, the Cnergyico refinery, has faced a crude oil shortage and has been closed for approximately a week. An…

Islamabad, 3 February 2023 (GNP): The price of gold (24 carats) climbed by Rs 3,500 per tola and Rps 3,000 per 10 kilos to settle at Rps 205,000 and Rps 175,754, respectively, according to data issued by the All-Pakistan Sarafa Gems and…

Islamabad, 3 February 2023 (GNP): Pepsi and Coke recently met with the Finance Ministry of Pakistan and promised to get loans worth about $200 million from their parent businesses to inject money into the nation. The Finance Ministry agreed…

Islamabad, 2 February 2023 (GNP): Owing to record-breaking currency depreciation, higher taxes, and rising electricity prices, Pakistan is experiencing its highest level of inflation. This is largely due to a double-digit increase in the…

London, 31 January 2023 (GNP): The IMF did add, though, that it currently believes the UK economy is "on track" following the Autumn Statement. The UK did better than many expectations last year, according to Chancellor Jeremy Hunt. Instead…

Islamabad, 30 January 2023 (GNP): The Pakistani rupee rate dropped by Rps 6.5 to the dollar (2.32%) in today's interbank market activity, reaching a new record low of Rps 270. In an effort to persuade International Monetary Fund (IMF)…

Islamabad, 30 January 2023 (GNP): Ishaq Dar, the finance minister of Pakistan, in a recent conference, announced that the federal government has raised the cost of gasoline and fuel by Rupees 35. Following the elimination of the informal…

Islamabad, 28 January 2023 (GNP): Due to its tardiness in making a decision over restarting the International Monetary Fund (IMF) loan programme, Pakistan received only $5.6 billion in foreign loans during the first half of the current…

Islamabad, 28 January 2023 (GNP): Following the rupee's freefall against the US dollar on Friday, gold prices exceeded Rs200,000 per tola (11.66 grams) for the first time in Pakistani history. However, because real buyers have left the…

Washington DC, 27 January 2023 (GNP): The US economy grew more quickly than anticipated until the end of 2022, but there were indications of declining underlying demand as growth in this year's economy is threatened by the sharpest…

Islamabad, 27 January 2023 (GNP): Prime Minister of Pakistan, Shehbaz Sharif, announced to the public that Pakistan will sign the agreement with the International Monetary Fund (IMF) by the end of this month, which had been delayed due to…

Islamabad, 25 January 2023 (GNP): With the lack of clarity over dates for the visit of the International Monetary Fund, Pakistan is bound to a $500 million amount as debt repayment to a Chinese commercial bank within 72 hours. This action…

Islamabad, 24 January 2023 (GNP): The spokesperson of OGRA said in a statement:" Ogra strongly rebuts the speculations on petrol/diesel shortages. Furthermore, ships carrying 101,000 metric tonnes petrol are at berth/outer anchorage. The…

Islamabad, 21 January 2023 (GNP): The World Bank has announced to delay in the approval of two loans worth $1.1 billion until the next fiscal year. The lender has also opposed the policy of levying taxes on imports, creating a disruption in…

Islamabad, 21 January 2023 (GNP): According to Pakistan Stock Exchange (PSE), the Pakistani rupee dropped by Rps 0.52 (0.23%) to a three and half-month low at Rs229.67 against the US dollar in the interbank market. Also Read: Major…

Islamabad, 20 January 2023 (GNP): Textiles owners on Thursday warned to go on a strike over delays of imported cotton containers at Karachi Port amid the country’s struggle to boost fast-depleting foreign exchange reserves. All Pakistan…

Riyadh, 19 January 2023 (GNP): Crown Prince Mohammad Bin Salman, on January 17, ordered the authorities of Saudi Arabia to increase the country's investments in Pakistan by $10 billion, giving a major boost to Pakistan’s efforts to…

Islamabad, 19 January 2023 (GNP): The Finance Minister of Pakistan, Ishaq Dar, revealed that the United Arab Emirates (UAE) provided Pakistan with a 2 billion dollars loan on 12 January 2023 so that Pakistan, currently a cash-deprived…

Islamabad, 19 January 2023 (GNP): According to reports, multinational companies are shutting down their mobile phone assembly plants in Pakistan due to a shortage of dollars. Three major phone manufacturers have reportedly closed their…

Islamabad, 19 January 2023 (GNP): The former Finance Minister of Pakistan, Hafiz Pasha, has warned that in case Pakistan defaults, the country's inflation rate can skyrocket to 70%. Even if the International Monetary Fund’s (IMF) loan…

Islamabad, 18 January 2023 (GNP): The National Electric Power Regulatory Authority (Nepra) has allowed an increase in tariff up to Rs4.46 per unit for quarterly adjustment for the first quarter of the financial year 2022-23. The tariff…

Islamabad, 16 January 2023 (GNP): Ishaq Dar, Finance Minister of the Pakistan Government, has announced that the prices of petroleum will remain the same as the present and won't increase till February. He said this while addressing a media…

Islamabad, 14 January 2023 (GNP): According to Pakistan Petroleum Division, the price of petrol is expected to increase by Rupees 8.98 per liter while the price of high-speed diesel (HSD) may rise by Rupees 1.06 per liter in the coming…

Islamabad, 14 January 2023 (GNP): According to the stats revealed by All Pakistan Sarafa Gems and Jewellers Association, the price of gold rose by Rupees 500 per 1 tola on Thursday, 12 January to set at Rupees 186,100 today. Similarly, the…

Buenos Aires, 13 January 2023 (GNP): According to the recent stats issued by Argentina's economists, it was observed that the country's consumer prices inflated by almost 95 percent during 2022. This is one of the highest inflation rates…

Washington DC, 12 January 2023 (GNP): United States's spokesman, Ned Price has assured Pakistan that the US will support the country's efforts to strengthen its economy and deal with the aftereffects of last year’s flood disaster. Ned…

Karachi, 12 January 2023 (GNP): Pakistan's PM Shahbaz Sharif has warned all business persons and individual hoarders who have created an artificial wheat shortage in the market. He announced in a meeting on Monday that the federal…

Karachi, 12 January 2023 (GNP): Diamond Industries Limited, the oldest foam producer in Pakistan has announced to temporarily suspend its production due to a shortage of raw materials. This decision came into effect yesterday on 10th…

Islamabad, 11 December 2023 (GNP): According to a press release issued by the European Union on Monday, January 9, 2023, , three agreements were signed by Dr. Kazim Niaz, Secretary Ministry of Economic Affairs Division, and Dr. Riina Kionka…

Islamabad, 11 January 2023 (GNP): Oil and Gas Regulatory Authority of Pakistan (OGRA) has allowed Sui Southern Gas Company Limited (SSGCL) and Sui Northern Gas Pipelines Limited (SNGPL), two major gas-providing companies, to inflate gas…

Islamabad, 10 January 2023 (GNP): According to reports, about seven million people working in textile and textile-related industries in Pakistan have been fired from their jobs due to decreasing exports and the Pakistani government’s failed…

Islamabad, 10 January 2023 (GNP): Pakistan's Federal Minister for Planning, Ahsan Iqbal has stated at the International Conference on Climate Resilient Pakistan, co-arranged by the UN and Pakistan's government in Geneva that the aggregate…

Zurich, 9 January 2023 (GNP): The central bank is reported to have recorded a loss of a total 132 billion Swiss francs ($143 billion) last year, hindering it from providing funds to Switzerland's government. Most of last year’s losses were…

Karachi, 7 January 2023(GNP): Pakistan's government has decided to sell two LNG power plants to raise an estimated $1.5 billion. Previously these plants were to be privatized, however now, the government aims to sell state assets to Qatar…

Islamabad, 6 January 2023 (GNP): According to reports, Flour, which is Pakistan's staple food is no longer available in Lahore. Prices of flour have soared in the metropolis with shops reporting zero stock of the commodity across the city.…

Islamabad, 4 January 2023 (GNP): According to reports, the Pakistani rupee fell in value on the first working day of 2023 by 0.22 (Rps 0.51) to a three month low at Rs226.94 against the US dollar in the inter-bank market on Tuesday. The…

Islamabad, 2 January 2023 (GNP): Pakistani politician and political economist Miftah Ismail shared his views regarding Pakistan's future and economy in a recent interview. Upon being asked about Pakistan's position to default in 2023,…

Islamabad, 29 December 2022 (GNP): According to sources, Rupee has fallen in value in comparison with the American dollar by 225 at the inter-bank market after two and a half months. There have been reports of people putting their savings…

Islamabad, 27th December 2022 (GNP): An abnormal rise in gold prices in Pakistan has been recorded and observed. According to the All Pakistan Sarafa Gems and Jewellers Association, the price of gold per tola started to rise this week on…

Islamabad, 27 December 2022 (GNP): Being among the top banks of Pakistan, Bank Alfalah has been honoured with three prestigious awards in recognition of its remarkable banking performance, investor relations and investment banking at the…

Karachi, 13 December 2022 (GNP): Gold price increase in Pakistan reached RS 169650 per tola on Monday because, due to bad conditions of the economic situation, the investors are keeping their gold safe. According to the All Pakistan…

Karachi, 12 December 2022 (GNP): The Best Bank of Pakistan Award 2022 was presented to Habib Bank Limited (HBL). The Award ceremony was held in Karachi on December 9, 2022. The Institute of Bankers Pakistan (IBP) and Dawn News jointly…

Islamabad, 12 December 2022 (GNP): On Sunday, the Pakistan Finance Minister, Ishaq Dar, chaired a virtual meeting regarding the out-of-court settlement with Tethyan Copper Ltd. The mining firm sued the Government of Pakistan for not…