Introduction: In the first month of the current fiscal year 2023-24 (FY24), Pakistan’s exports witnessed a decline of nearly 13%, impacting the country’s trade balance. Despite a decrease in imports and a narrowed trade deficit, economic challenges persist, leading to concerns about the country’s economic growth. Month-on-Month Decline: According to the Pakistan Bureau of Statistics (PBS), the country’s exports stood …

Introduction: Chinese Vice-Premier He Lifeng unveils an ambitious future plan for the China Pakistan Economic Corridor (CPEC) during a special ceremony celebrating a decade of progress. The plan emphasizes the importance of regional connectivity, economic integration, and inclusiveness, welcoming third-country participation to promote common development and prosperity. A Decade of Progress: CPEC, part of President Xi Jinping’s Belt and Road …

Introduction: The Federal Board of Revenue (FBR) announces its tax revenue collection for July 2023, falling slightly short of the target by Rs2 billion. Despite missing the monthly target, the FBR records a significant year-on-year increase of 15%, indicating positive growth in revenue collection. July 2023 Tax Revenue Collection: The FBR reveals that the tax revenue collected for July 2023 …

Introduction: Prime Minister Shehbaz Sharif’s recent statement highlights Pakistan’s willingness to hold talks with India for regional development. In the spirit of peaceful coexistence, the prime minister emphasizes the need for meaningful discussions to address serious issues between the two neighboring countries. Seeking Regional Development through Dialogue: Addressing the inaugural session of the Pakistan Minerals Summit in Islamabad, Prime Minister …

Introduction: The National Assembly of Pakistan’s recent swift approval of twenty-four new universities across various cities has ignited debates and discussions over the legislative protocol. While supporters hail it as a massive boost to the nation’s educational infrastructure, critics question the lack of proper discussion and deliberation. Unusual Legislative Move: The approval of the new universities occurred during an unusually …

Introduction: The month of August is gracing us with an astronomical delight – not just one, but two spectacular supermoons. Tonight, on August 1, people all over the world will be treated to the awe-inspiring sight of the Sturgeon Moon, shining brightly in the night sky. This special full supermoon will be remarkably close to Earth, making it appear larger …

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A recent announcement by Finance Minister Ishaq Dar about a substantial increase in petroleum prices in Pakistan has triggered concerns and frustrations among consumers. This price hike, driven by rising international oil prices, has resulted in fuel shortages as many petrol pumps are reportedly refusing to sell fuel to customers. While the government’s decision was guided by commitments with the …

Bilawal Bhutto Zardari’s Arrival in UAE: Foreign Minister Bilawal Bhutto Zardari landed in the United Arab Emirates on Sunday for a one-day official visit. The visit showcases the strong ties and bilateral cooperation between the two brotherly countries. Meeting with UAE Counterpart: During his visit, FM Bilawal Bhutto Zardari is scheduled to meet with his UAE counterpart, Sheikh Abdullah bin …

Central Bank’s Crucial Review of Policy Rate: Pakistan’s central bank is scheduled to convene its first meeting post-IMF new loan program to review the key policy rate on Monday. The decision will be pivotal in determining the country’s economic trajectory amid rising inflation rates and growth concerns. Varying Perspectives on the Policy Rate: Financial experts have differing views on the …