Tag Archives: Finance

Introduction: The Pakistani rupee continued its downward trend for the second consecutive working day, reaching a nearly three-week low against the US dollar. With a depreciation of 0.24%, or Rs0.70, the currency settled at Rs287.60 in the inter-bank market. Meanwhile, this article examines the factors behind the rupee’s fall and its impact on Pakistan’s economy. The Rupee’s Decline: Following its …

Introduction: The recently unveiled Budget 2024 in Pakistan has left many disappointed, as it falls short of providing the necessary relief and implementing vital reforms. This blog post will analyze the key aspects of the budget, highlighting its shortcomings and the implications for the country’s economy. Insufficient Relief Measures: Despite the pressing needs of the economy, the budget fails to …

Introduction: In Pakistan, where healthcare costs continue to rise and access to quality medical services can be challenging, having health insurance is becoming increasingly crucial. In this blog post, we will explore why health insurance is vital for the Pakistani audience, providing peace of mind and financial protection in times of medical emergencies. 1. Navigating Rising Healthcare Costs: Managing escalating …

Introduction: In a significant move, the federal government has allocated Rs1.5 billion in development funds under the Public Sector Development Programme (PSDP) for the petroleum sector. This substantial funding aims to support ongoing projects and initiate new ones, fostering growth and innovation in the sector. Allocation for Ongoing Projects: The government has earmarked Rs1.5 billion for the advancement of five …

Introduction: Retirement at an early age is a dream for many individuals, offering the freedom to pursue passions, travel the world, or simply enjoy a life of financial independence. While early retirement requires careful planning and disciplined saving, one strategy that can accelerate your path to financial freedom is investing in mutual funds. In this article, we will explore how …

Introduction: The federal government has recently announced the budget for the financial year 2023-2024. The budget includes various relief measures, revenue measures, and legislative changes aimed at promoting economic growth, facilitating trade, and encouraging investment in key sectors. This blog post highlights the salient features of the budget and provides an overview of the key measures proposed. Download Budget File …

Introduction: Finance Minister Ishaq Dar presented the federal budget for the fiscal year 2023-24, targeting a growth rate of 3.5% for Pakistan’s economy. Emphasizing that this budget should be viewed as a ‘responsible budget’ rather than an ‘election budget,’ Dar highlighted various allocations and measures aimed at driving economic development and addressing key sectors. Budget Highlights: Public Sector Development Programme …

Introduction: The coalition government in Pakistan has granted an unprecedented amount of Rs2.24 trillion in tax exemptions during the current fiscal year, a significant increase of 28% compared to the previous year. The staggering figure of tax exemptions, which accounts for 43% of all exemptions granted during the tenure of the Pakistan Tehreek-e-Insaf (PTI) government, may adversely affect Pakistan’s credibility …

Introduction: Prominent economist Dr. Kaiser Bengali has issued a dire warning, stating that Pakistan’s economy is currently in a state of recession and that the country faces an imminent default without the assistance of the International Monetary Fund (IMF). Speaking at the Karachi Press Club, Dr. Bengali emphasized the challenging economic conditions, noting that the government is unable to generate …

Introduction: The National Economic Council (NEC) recently approved the Pakistan Economic Outlook 2035, a visionary concept aimed at propelling the country’s economy to reach $1 trillion and reducing poverty to 15% by the target year. The achievement of these ambitious goals is contingent upon political stability, and failure to ensure stability may have dire consequences, as outlined in the Planning …