SBP to hold rate as economy battles inflation and COVID

The State Bank of Pakistan’s (SBP’s) Monetary Policy Committee is due to meet on Friday, the 19th of March to discuss the new monetary policy of the country. The authorities are expected to adopt a “wait and see approach”, with an emphasis on how the new positivity rate for COVID 7.1% impacts the business versus… Continue reading SBP to hold rate as economy battles inflation and COVID

Audi Pakistan starts booking for e-tron GTs 2021

Audi Pakistan has started the booking for the new Audi E-Tron GT. The car was launched in the international market a few days ago and as of today, the booking for the Sedan has started in Pakistan as well. Read More: Government considers establishing an Electric Vehicle (EV)Board The brave new GT in an electric… Continue reading Audi Pakistan starts booking for e-tron GTs 2021

Why did the crowd attack Dr. Shahbaz Gill?

A case has been registered against hurling ink and eggs at the SAPM on Political Communication Dr. Shahbaz Gill at the Lahore High Court. The case has been registered at the Old Anarkali police station on the complaint of DSP Absar Ahmed. As per the complaint, Shahbaz Gill parked his vehicle and took a route… Continue reading Why did the crowd attack Dr. Shahbaz Gill?

CCoE approves increase of electricity tariff by Rs5.36 per unit

The Cabinet Committee on Energy (CCoE) approved The Circular Debt Management Plan (CDMP). According to the plan, the base electricity tariff across the country will further increase by a cumulative Rs5.36/unit. This increase of 34 percent will take place in at least three phases over the next two years. Read More: Is Pakistan producing surplus… Continue reading CCoE approves increase of electricity tariff by Rs5.36 per unit

No use of Long March if resignations are not submitted, Maulana Fazlur Rehman

The chief of the Pakistan Democratic Movement (PDM) Maulana Fazlur Rehman on Monday said it was his personal opinion that if the Opposition MNAs and MPAs do not submit their resignations, then the long march may not be effective. Speaking to journalists in Peshawar, the JUI-F chief said the strategy related to the long march… Continue reading No use of Long March if resignations are not submitted, Maulana Fazlur Rehman

Large Scale Manufacturing output increases 9.31% YoY

The overall output of large-scale manufacturing industries (LSMI) has increased by 7.85 percent in the first seven months of the fiscal year 2021 (July 2020 to January 2021) compared to the same period last year. Read More: Pakistan’s airline industry: Is its fate finally destined to change? According to the data released by the Pakistan… Continue reading Large Scale Manufacturing output increases 9.31% YoY

Pakistani Rupee hits all-year high

The Pakistani Rupee has hit a 13-month high at Rs156.99 against the US dollar in the interbank market on Monday. Read More: RDA gains momentum The major determinant has been the positive capital flow, meaning that the inflows have remained higher than the outflows. Due to high inflows, the foreign reserves have remained stable at… Continue reading Pakistani Rupee hits all-year high

Uzair Baloch acquitted in another case for want of evidence

A sessions court acquitted on Tuesday Uzair Baloch, kingpin of the infamous Lyari Gang War, in yet another case for want of evidence. The court observed that the prosecution side failed to place on record evidence to prosecute the accused. Baloch moved an application seeking his acquittal in a 2012 case registered at Kalri police… Continue reading Uzair Baloch acquitted in another case for want of evidence

Munir Akram hopes women are never again “left behind”

On March 15, Ambassador Munir Akram delivered a statement during the 65th Session of Commission on the Status of Women in his capacity as President of Economic and Social Council. The theme of the session was “Women’s effective participation in decision-making in public life and elimination of all forms of violence against them.” Ambassador Munir… Continue reading Munir Akram hopes women are never again “left behind”

Does Pakistan need to accept all IMF terms, Cabinet asks minister

Reportedly, the Finance Minister of Pakistan has been inquired by some of his fellow cabinet members if it was absolutely necessary to accept all conditions of the International Monetary Fund (IMF). Read More: Government proposes a fully autonomous SBP The discussion took place when the last meeting of the cabinet to discuss the summary of… Continue reading Does Pakistan need to accept all IMF terms, Cabinet asks minister