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Rs137 billion annual relief expected for consumers as cabinet approves revised PPI deals Blogging Sole

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Rs137 billion annual relief expected for consumers as cabinet approves revised PPI deals Blogging Sole

A representative image of a transmission tower, also known as an electricity pylon. — AFP/File Prime Minister Shehbaz is holding a federal cabinet meeting today. The government approves the proposal to reduce capacity costs. The Prime Minister considers the revised agreements a major achievement. The federal cabinet on Tuesday approved revised agreements with 14 independent … Read more

Nightclubs contribute over 600 billion rupees to circular debt every year Blogging Sole

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Nightclubs contribute over 600 billion rupees to circular debt every year Blogging Sole

A representative image of a transmission tower, also known as an electricity pylon. — AFP/File Current defaulters owe Rs1,094tr to nightclubs. Companies adding 50 billion rupees per month to circularize the debt. 10 to 15% recovery achieved via overcharging each year. ISLAMABAD: Amid the government’s efforts to improve the country’s economic indicators, it has been … Read more

Pakistan’s foreign exchange assets hit $18.7 billion, three-year high Blogging Sole

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Pakistan’s foreign exchange assets hit .7 billion, three-year high Blogging Sole

A currency dealer counts US dollars at a store in Karachi, May 19, 2022. — AFP The country’s foreign exchange assets also include gold reserves of $5.5 billion. Commercial bank liquid reserves of $4.7 billion are not included. Increase in foreign exchange reserves due to strict import restrictions: expert. KARACHI: Pakistan’s total foreign exchange assets … Read more

Remittances in December reached $3.1 billion, a growth of 29.6% Blogging Sole

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Remittances in December reached .1 billion, a growth of 29.6% Blogging Sole

US dollars are counted by a banker who counts currency at a bank. —Reuters H1FY25 remittances increased 32.8% YoY Top remittance sources: Saudi Arabia, United Arab Emirates and United Kingdom. Higher incomes and digital infrastructure as drivers. Pakistan’s remittances reached $3.1 billion in December, an increase of 29.3 percent year-on-year, central bank data showed on … Read more