YoY and MoM inflation have been accelerating drastically in June and July. The main drivers were seen to be the pass-through of high international commodity prices and exchange rate depreciation into domestic retail prices.
Economy
The amount of the transaction in foreign exchange will be one of the biggest foreign acquisitions in the field of technology in Pakistan.
In a surprising move, India has reduced by 50 percent its imports of the crude oil from the United States and doubles…
Launching a new iPhone is a big event for Apple, which counted on the device for over 50% of its $366 billion in annual sales last year
On Friday (Aug 26), the last working day of this week, the US dollar is expected to stop its unbridled flight temporarily as the executive board of the International Monetary Fund is scheduled to meet on August 29 to consider for approval the disbursement of $1.17 billion to Pakistan.
The Qatar Investment Authority (QIA) aims to invest $3 billion in Pakistan to promote bilateral economic ties between Qatar and…
In the last five trading days, the rate of US dollar has edged up in the inter-bank to 218.50 rupees, from 212 rupees while in the open market the dollar-rupee parity has crossed 223 rupees level, from 210 rupees.
ISLAMABAD: Pakistan has suffered a huge current account deficit of $1.237 billion in July 2022, the first month of the…