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Pakistan welcomes arrival of first shipment of discounted crude oil from Russia

13 Jun 2023

The Pakistani government on Monday welcomed the arrival of the first shipment of discounted crude from Russia under a key deal between Islamabad and Moscow. Prime Minister Shahbaz Sharif...

Pakistan central bank leaves key rate unchanged, signals tightening pause

12 Jun 2023

Pakistan’s central bank kept its key interest rate unchanged on Monday, in line with market expectations, and signaled that it would pause its tightening cycle as record-high inflation may have...

Pakistan unveils $51b budget, approves up to 35% raise in wages of government employees

09 Jun 2023

Tariq Butt / Agencies Pakistan's federal government unveiled a Rs14.5 trillion (around $50.5 billion) budget on Friday, with over half set aside to service Rs7.3 trillion of debt. Pakistan's...

Pakistani rupee plunges to record low against US dollar; gold price hits Rs240,000

11 May 2023

Gulf Today Report The Pakistani rupee slumped to a record low of Rs298 against the US dollar amid political tumult in the wake of clashes that broke out in...

Pakistanis’ misery worsens as inflation surges to record high

03 May 2023

Amid the unceasing political and economic turmoil in Pakistan that continues to make the lives of citizens miserable, monthly inflation has soared to an all-time high, data released by...

Economist Intelligence Unit forecasts Pakistan polls in October, Imran Khan's victory

28 Apr 2023

A forecast by the Economist Intelligence Unit (EIU) has said Pakistan will head to polls in October, if not earlier, and that former prime minister Imran Khan's victory is...

Pakistan all set to get discounted Russian oil, PM Shahbaz tells parliament

27 Apr 2023

Tariq Butt, Correspondent / Reuters Pakistan’s Prime Minister Shahbaz Sharif said on Thursday that everything was set for his country to receive a shipment of discounted Russian oil. "As...

Pakistanis remittances at $2.5 billion in March

10 Apr 2023

Pakistanis living abroad have sent $2.5 billion home in March, responding to the cash-strapped government’s appeal for more hard currency remittances, the country’s central bank said on Monday. The sum...

Pakistani rupee gains significant recovery after hitting record low against US dollar

07 Apr 2023

The Pakistani rupee has gained a significant recovery after hitting a record low against the US dollar, the central back said. The rupee got the much-awaited support and hit...

Deadly chaos as poor Pakistanis scramble for scarce donations

05 Apr 2023

Seven-year-old Saad Umer joined a crowd in a poor neighbourhood in the Pakistani city of Karachi rushing to get a handout of flour and a little cash from a...

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