Tag: Economic Woes
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Pakistan grapples with 23% surge in power generation costs amidst economic woes
In a startling development, the cost of power generation in Pakistan has surged by a staggering 23 per cent in January 2024, compared to the same period last year, reports the brokerage house Topline Securities.
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Pakistan faces worsening financial woes as state-owned enterprises suffer losses
Interim Prime Minister (PM) Anwaar-ul-Haq Kakar conveyed on Wednesday that Pakistan is grappling with financial challenges, exacerbated by the continuous losses incurred by state-owned enterprises (SOEs).
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Pakistan’s foreign exchange reserves dip to $3.91 billion amid IMF agreement delay
In a challenging turn of events for Pakistan’s economy, the foreign exchange reserves held by the State Bank of Pakistan (SBP) have plummeted to $3.91 billion.
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Gas and cigarette prices push Pakistan’s weekly inflation to 41%
According to official data released by the Pakistan Bureau of Statistics (PBS), Pakistan’s weekly inflation has remained high, with an increase of 2.78 per cent week-on-week and 41.54 per cent year-on-year for the seven-day period that ended on February 23. The latest figures of the Sensitive Price Index (SPI) reveal that the rise is due…