: Pakistan’s Sensitive Price Index (SPI) inflation rate fell to its lowest level in six and a half years, rising by just 1.16% year-on-year (YoY) for the week ending January 16, 2024. This data was shared by the Pakistan Bureau of Statistics (PBS) and analyzed by Topline Securities. Year-on-year inflation reflects rising prices of basic … Read more
Spike Lee talked about his upcoming film “Highest 2 Lowest” — which will see the director reuniting with lead actor Denzel Washington — during an onstage talk Tuesday at the Red Sea Film Festival, where he is chairing the competition’s jury. The film was inspired by Japanese director Akira Kurosawa’s 1963 crime thriller “High and … Read more
K-Electric (KE) has received the lowest tariff offer from Kot Addu Power Company Limited (KAPCO) for its 120 MW solar project in Karachi, according to KAPCO’s filing with the Pakistan Stock Exchange (PSX). Capco reported that it had submitted a bid of Rs 9.8319 per kWh, equivalent to 3.4061 cents/kWh at a reference exchange rate … Read more
A worker bends over as he carries packages of textiles on his back to deliver them to a nearby shop at a market in Karachi on June 24, 2022. – Reuters Government domestic debt rose to Rs47.536 trillion in Q1FY25. External debt rose to Rs 22.034 trillion during the July-September period. The total external debt … Read more
Islamabad: Pakistan’s debt-to-GDP ratio has fallen to its lowest level in more than six years, standing at 65.7% as of September 2024. This represents a significant improvement, as the ratio was last recorded at this level in June 2018. Financial brokerage firm Arif Habib Limited (AHL) reported that the domestic debt-to-GDP ratio is 43.1%, while … Read more