Investor Anxiety Rises: PSX Index Slips 365 Points Amid IMF Policy Fears

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Due to the impact of stringent IMF conditions, the Pakistan Stock Exchange (PSX) witnessed a bearish trend today, stirring concerns among investors. Key measures by the IMF, including the removal of energy subsidies, strict control on government spending, privatization of state-owned enterprises (SOEs), and tax reforms, are contributing factors. Courtesy: Pakistan Stock Exchange (PSX) These […]

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IMF Bailout Brings Tough Economic Conditions, No Further Relief in Electricity Prices!

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In a recent development of IMF bailout package of $7 billion to Pakistan for 37 months, it has been reported that the package comes with more strict economic conditions for Pakistan. The IMF has clearly mentioned to Pakistan that no further reduction in the prices of electricity as a subsidy will be given, as seen

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Twin Cities Receive Consistent Rains From Sep 27 to Oct 1, PMD Issues Advisory Alert!

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Citizens of Rawalpindi and Islamabad have taken a sigh of relief from consistent hot temperatures after heavy rains occurred yesterday in twin cities. Courtesy: The Express Tribune The rains followed by thunderstorms and lighting at night and in the early hours of today have dropped the temperatures of twin cities to a considerably low degree.

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NO Ceasefire in Sight! Netanyahu Pledges Full Force as Israel Battles in Lebanon

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Regarding the recent attacks of Israel on Lebanon, the U.S., France and major key allies have issued an emergency alert urging for an immediate “21-days ceasefire” across the Israel-Lebanon border. The countries, involve in calling for a ceasefire, fear that this Israel-Lebanon war has a potential to spread beyond the Middle-Eastern region. Hence, a ceasefire

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Azerbaijan’s Thunder Strikes! JF-17 Thunder Block III Now Bolstering

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Azerbaijan has officially announced the induction of the JF-17 Thunder Block III aircraft, a remarkable product of collaboration between Pakistan and China. This significant milestone was celebrated on September 25 when the aircraft was presented to Ilham Aliyev, the President and Supreme Commander-in-Chief of Azerbaijan, at the Heydar Aliyev International Airport. The JF-17 Thunder Block

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SBP Act Amendments Pass Senate Committee as Opposition Mounts

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In a significant move, a Senate committee gave the green light to key amendments in the State Bank of Pakistan (SBP) Act on Wednesday. These changes are set to reshape how commercial banks operate in the country’s underdeveloped regions, Khyber-Pakhtunkhwa (K-P) and Balochistan. The new  SBP amendments require banks to lend at least 60% of

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Food Inflation in Pakistan Drops to 2.46% in 2024, Beating Regional & Global Averages

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Food is one of the most basic necessities of human beings. To manage bread and butter is the biggest challenge of masses especially in under developed countries. In Pakistan highest inflation rate 38.5% was recorded in year 2023 since the country got its independence. Courtesy: The News International However, food inflation significantly reduced in year

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A Celestial Surprise: Mini-Moon to Orbit Earth for Nearly Two Months

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Researchers have announced that a 10-meter-long “mini-moon” is set to enter Earth’s orbit for approximately two months, beginning September 29. The mini-moon, designated as asteroid “2024 PT5,” will remain in our vicinity until November 25. Mini-moons are defined as astronomical bodies that are temporarily captured by a planet’s gravitational field. Unlike traditional moons that have

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