Pakistani currency on Monday hit almost five-and-a-half-month high at Rs278.63 against the US dollar in the inter-bank market, maintaining its uptrend for the fourth consecutive working day amid talks with the International Monetary Fund (IMF) for the release of last loan tranche and for a new programme. According to State Bank of Pakistan’s (SBP) data, the rupee appreciated 0.03%, or Rs0.11, a
Industrialists and progressive growers have described corporate farming as a positive initiative aimed at revamping and promoting the agriculture sector of the country. They advocate for establishing market prices for seeds, urea, pesticides, and agricultural commodities, alongside providing subsidies to farmers. Speaking to The Express Tribune, they highlighted the adverse impact of rising pro
Consumers should brace themselves for another jolt in their electricity bills, as the Central Power Purchasing Agency (CPPA) has requested a tariff increase of Rs4.9917 per unit due to fuel charges adjustment (FCA) for February 2024. Following a rise of over Rs7 per unit in January due to fuel adjustments, CPPA, representing Ex-Wapda Discos (XWDiscos), submitted a petition to the National Elect
After experiencing slight increases in export figures for two consecutive months, Pakistan’s textile exports have once again entered negative territory on a month-on-month basis. According to the latest figures released by the Pakistan Bureau of Statistics on Monday, textile group exports for February 2024 declined by 3.31% compared to January 2024, with February figures totalling $1.41 billion
Addressing the Conference on Medium-Term Economic Outlook of Pakistan at the Lahore Chamber of Commerce and Industry (LCCI), former Federal Finance Minister Dr Hafeez Pasha highlighted the country’s ability to overcome ongoing economic challenges. He underscored that while Pakistan had endured difficult economic conditions in the past, it had managed to navigate through them. Pasha noted that P