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Wednesday, February 5, 2025
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Economic impact

Internet restrictions could have severe economic impact on Pakistan

Daniel Castro, Vice President of the Information Technology and Innovation Foundation (ITIF), warned on Thursday that while internet restrictions in Pakistan may provide short-term...

Order shortfall deals blow to German economy

The Munich-based Ifo Institute reported on Monday that the German economy is being significantly impacted by a shortfall in orders. According to the institute, 41.5%...

$1 Billion Import Bill Expected if Wheat Prices Are Delayed

The Ministry of National Food Security and Research has urged Prime Minister Shehbaz Sharif to promptly announce a new wheat support price and set...

Apex Chamber to Petition Supreme Court Over Capacity Payments

As a last resort to save the economy, the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) announced on Tuesday that it would...

Petrol and diesel prices are expected to increase by Rs8 in the upcoming two-week period

After four consecutive fortnights of price reductions, the prices of major petroleum products — petrol and high-speed diesel (HSD) — are anticipated to rise...

Tax breaks for hybrid and luxury electric vehicles ended in 2024-25 to boost local industry

In an effort to appease local assemblers, the government has eliminated customs duty on the import of hybrid cars and luxury electric vehicles (EVs)....

IMC prepares for vehicle and labor exports

Amid declining sales and an increase in the influx of used cars, Indus Motor Company (IMC) is set to export 50 locally assembled units...

Rising heat increase the sale of ACs and freezers

The heatwave has sparked a revival in the sluggish sales of air conditioners, coinciding with the approach of Eidul Azha in the third week...

The specter of inflation looms over Ramadan celebrations

As Pakistan enters the auspicious month of Ramadan, families are confronted with a significant rise in food prices, imposing a severe financial burden and...

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