Tag Archives: Business

The State Bank of Pakistan (SBP) has announced a one percentage point reduction in its key interest rate, bringing it down to 19.5%. This decision was revealed by SBP Governor Jameel Ahmad during a media briefing following the recent monetary policy meeting. Ahmad attributed the rate cut to a gradual decrease in inflation and signs of economic recovery. The monetary …

Starting August 1, motorists can anticipate a reduction in fuel costs as the prices for petrol and high-speed diesel (HSD) are projected to decrease significantly over the next two weeks. This expected drop comes after two consecutive price hikes and is attributed to a decrease in international market prices and lower import premiums. Recent trends show that the international market …

We have some significant changes coming up at PakFinanceHub. After much consideration and effort, we’ve decided to rebrand and transition back to our original name, KhashifTalks. For those who may not be familiar, PakFinanceHub was launched with the vision of providing comprehensive financial news, stock analysis, and investment advice. My team and I, led by Khashif Sarfraz, poured our heart …

Dr. Umar Saif, Pakistan’s Minister for Information Technology, has unveiled an ambitious roadmap for the country’s tech sector. These plans encompass a wide range of initiatives aimed at advancing Pakistan’s technological landscape and fostering innovation. Among the notable announcements is the approval for the launch of Starlink services in Pakistan, a satellite internet venture by Elon Musk’s SpaceX. Starlink’s mission …

As the US dollar rate continues to soar to all-time highs, automakers in Pakistan are facing the inevitability of increasing car prices. However, in a bid to maintain customer interest and mitigate potential drops in demand, they are rolling out various benefits and incentives. Pak Suzuki Motor Company (PSMC) has introduced a “price lock” offer for all new bookings made …

Introduction: The Pakistan government has outlined a major plan to restructure and revive the financially strained Pakistan International Airlines (PIA) under a public-private partnership model. The plan involves transferring assets and liabilities to a new holding company, selling shares in the international market, and streamlining operations to address the national carrier’s debt and losses. Key Plan Details: Under the PIA …

Introduction: Pakistan’s stock market, the Pakistan Stock Exchange (PSX), achieved a significant milestone by closing at its highest level in six years. Various factors have contributed to the bullish sentiment among investors, including financial support from Saudi Arabia and the UAE, a recent IMF bailout, and positive economic indicators. Financial Support and IMF Bailout: Saudi Arabia and the UAE provided …

Introduction: The Federal Board of Revenue (FBR) has recently announced important amendments to the Income Tax Ordinance, 2001 through Finance Act 2023, which includes significant changes to the Super Tax structure. These changes aim to broaden the scope of the Super Tax and make it a more progressive and comprehensive tax measure. New Super Tax Slabs for Banks and Businesses: …

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: The Ministry of Finance has released its ‘Monthly Economic Update & Outlook’ for July, providing valuable insights into the current economic landscape of the country. The report presents an optimistic outlook, forecasting a decrease in inflation for July 2023 compared to the previous month, supported by various favorable factors. Additionally, it outlines improvements in the fiscal and current account …