In Pakistan, as the harvesting season unfolds for major crops like wheat, rice, maize, cotton, and oilseeds, market dynamics invariably lead prices to their annual lows. This pattern has been particularly pronounced in Punjab during the recent wheat season. The prices experienced a significant downturn, plummeting by approximately 40 per cent to hover between Rs2,400 to Rs3,000 per 40 kilograms
Federal Minister for Energy Awais Ahmad Khan Leghari on Sunday said the government had no plans to end the policy of solar net-metering. The minister’s remarks came in the wake of media reports, claiming that the government was scrapping the policy and replacing it with a new gross-metering mechanism. Net metering allows consumers to sell excess electricity produced by their solar system t
With continued foreign buying driven by positive economic indicators, the stock market maintained its record-setting spree and closed the session at another highest-ever level despite a significant drop in overall trading volume on Thursday. Ahsan Mehanti of Arif Habib Corporation said a reduction of up to 49 basis points in the yields on different T-bill tenors and the inclusion of the Nationa
Federal Minister for Planning, Development and Reforms Ahsan Iqbal on Thursday said that by 2047, Pakistan would be included amongst the top 10 economies in the world. “By working hard, we can bring Pakistan to the top 10 economies of the world by 2047 and for this, we have to silence negative voices,” he said. Iqbal expressed these remarks at the Sustainable Development Goals (SDGs) Confere
Pakistani currency dropped Rs0.14 to a new two-week low at Rs278.40 against the US dollar in the inter-bank market, maintaining its downward trend for the second consecutive working day amid ongoing talks for a new loan programme potentially by June or July 2024. According to the State Bank of Pakistan (SBP)’s data, the rupee had closed at Rs278.26 against the greenback on Wednesday. The curren