Abdullah Umer News Today

Pakistan’s economy – which remained a hotbed of developments in recent months – is back in the frontline with a...

Pakistan achieved a significant breakthrough by signing a new nine-month Stand-By Arrangement (SBA) deal with the...

Pakistan announced a record increase in fuel prices on Wednesday, triggering a shock for already overburdened citizens

Consumption falls 11% year-on-year to 1.33 million tons in Dec 2022

Says ill-planned gas chart giving priority to domestic consumers is main cause for economic issues

Pakistan's perceived risk of default, as measured by the 5-year credit default swap (CDS), worsened further in a matter of days, reaching 75.5% due to uncertainty surrounding the IMF's (IMF) ninth review

Consumption declines on back of monsoon rains, sharp rise in prices

Minister expects country to record over 5% growth in ongoing fiscal year

Increased transportation costs to hike fruit, vegetable rates by 15pc; milk price to jump by Rs60 per litre

The massive rise in inflation in Pakistan could result in demand destruction and may create difficulties for the government to meet its tax targets, according to a media report.