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Petrol and diesel prices in Pakistan could see a decrease of Rs2 to Rs3 per litre starting November 1, 2024, reflecting the recent dip in global oil prices. This potential price adjustment aligns with the fortnightly fuel price revision implemented by the Pakistani government.Recent data indicates a slight drop in the international average prices of…
From Financial Struggle to Mega Success A compelling story from China is capturing global attention. A man recently faced a devastating personal setback. His girlfriend ended their relationship abruptly. She explicitly cited his financial struggles as the primary reason. Instead of dwelling on the heartbreak, he channeled the rejection. He used the pain as intense…
The Optimistic Five-Year Outlook The International Monetary Fund (IMF) has delivered a positive economic forecast. The IMF Predicts Pakistan Inflation Decline will continue steadily. This decline is expected to result in a multi-year period of stability. The Fund estimates average inflation will remain in single digits. This encouraging trend is projected to last for five…
Historic Milestone Reached in Islamabad The Pakistan Stock Exchange (PSX) reached a historic peak. The major surge happened during the SCO Summit. The PSX 100 Index hit an all-time high value. It closed at a record 86,513 points overall. This figure marks a significant gain for the market. It gained 603 points from the previous…
FBR Tax Returns Surge: Dramatic Increase in Filings and Filers Filings Cross Four Million Mark The Federal Board of Revenue (FBR) reported a huge surge. Over 4.078 million individuals filed tax returns. This massive number was reached by October 8, 2024. This early filing demonstrates improved compliance. The FBR Tax Returns Surge is highly significant….
USD Exchange Rate Shift: Marginal Movement in Forex Markets Interbank Rate Sees Slight Increas The U.S. dollar showed a slight rise today. This occurred within the interbank market. The State Bank of Pakistan reported the change. The dollar closed at Rs 277.67 today. This reflected a small increase from yesterday’s close. The previous day’s rate…
Pakistan Foreign Loan Commitment: Short-Term Debt Strategy $3.2 Billion Short-Term Borrowing Plan Pakistan finalized a significant short-term debt plan. The country plans to borrow $3.2 billion externally. This borrowing is structured as one-year foreign debt. A key component is the Saudi Oil Facility (SOF). Pakistan secured $1.2 billion for the SOF. Other major funding came…