UN Sees Upward Trend: Pakistan’s Economy Projected to Expand 2% in 2024

Pakistan’s Economic Outlook: Modest Growth Amidst Global Challenges The United Nations has released its mid-year World Economic Situation and Prospects report, painting a mixed picture for Pakistan’s economy in 2024. While the report forecasts “modest economic growth” with a 2% GDP expansion, significant challenges remain. IMF Support and Tight Financial Conditions Pakistan’s recent Stand-by Arrangement…

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Pump Prices to Plunge! Govt Considers Fuel Price Cut on May 16th

Relief at the Pump: Pakistani Government Expected to Slash Fuel Prices Again In welcome news for Pakistani citizens grappling with inflation, the government is expected to announce a significant reduction in fuel prices starting May 16th. This would mark the second price cut in a month, offering much-needed relief to motorists and transportation sectors heavily…

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Chaicon: Bridging the Gap Between Pakistani Businesses and Growth

Small Industries: Pakistan’s Powerhouse for Export Growth This news article highlights the crucial role of small industries in boosting Pakistan’s economic growth, particularly through export expansion. Key Statistics: Non-traditional exports from small industries have increased by 15% in the past five years (Pakistan Bureau of Statistics). Small industries created over 500,000 jobs in 2023 alone…

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Pakistani Lunar Satellite Captures First Image From Moon’s Orbit

Pakistan’s iCube Qamar Makes History: First Image from Lunar Orbit On May 3rd, Pakistan took a giant leap forward in space exploration with the launch of its first lunar mission. The iCube Qamar, a miniature satellite developed by the Institute of Space Technology (IST) in collaboration with China’s Shanghai University (SJTU) and Pakistan’s national space…

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Bullish Market! Pakistan Stocks Close Above 73,000 in Landmark Day

Bullish Run: Pakistan Stock Exchange Hits All-Time High on Pre-Budget Optimism The Pakistan Stock Exchange (PSX) roared to an all-time high this week, breaching the historic 73,000 barrier in a pre-budget rally. This surge was fueled by a confluence of positive factors, including robust data on remittances, rising foreign currency reserves, and speculation surrounding negotiations…

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New Toyota Land Cruiser Prado Arrives, Starting at Rs. 7.5 Crore

Toyota Unveils Ultra-Luxury Land Cruiser Prado with a Rs. 7.5 Crore Starting Price New Toyota Land Cruiser Prado Arrives, Pakistani car enthusiasts, get ready for an exciting addition to the roads! Indus Motor Company (IMC) has officially launched the highly anticipated Land Cruiser Prado, marking a significant upgrade to their product lineup. A Blend of…

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