Govt allows full range of imports
KARACHI, (MANEND NEWS): Pakistan has reopened imports of the full range of goods by removing restrictions imposed on the import of 826 items from time to time between 2017 and 2022. The major items freed
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Further rate hike unlikely to control inflation
KARACHI, (MANEND NEWS): Pakistan’s economy has slowed down significantly partly due to a persistent hike in the key policy rate to a record high at 20%. The rate hike has lately become “ineffective” and a
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Rupee makes minor gain against US dollar, settles at 283.92
(MANEND NEWS): As per the State Bank of Pakistan (SBP), the rupee settled at 283.92, a gain of Re0.11. A day earlier, the rupee had settled at 284.03 against the dollar in the inter-bank market,
Read MoreSavings in high interest rate environment
KARACHI, (MANEND NEWS): In the wake of current political and economic fiasco, Pakistanis are experiencing a period of life-time high interest rates. The government has taken steps to curtail imports and reduced subsidies, alongside fiscal
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