Tag: Pakistan

Pakistan inflation peaks to 14-year high amid currency depreciation, rising commodity prices

Pakistan’s inflation rose to a 14-year high of 24.93 percent on a year-on-year basis in July, the country’s statistics bureau said on Monday, with experts attributing it to falling currency and rising commodity prices. In July, food prices increased by 10.28 percent, energy and housing by 4.98 percent and transport by 3.88 percent, according to the Pakistan Bureau of Statistics (PBS). 

England to tour Pakistan after 17 years for T20 series

England will play seven T20Is from 20 September to 2 October in Karachi and Lahore in what will be their first visit of the country in 17 years. The National Stadium will host the matches on 20, 22, 23 and 25 September, before the action will shift to the cricket headquarters at the Gaddafi Stadium where the remaining three matches will be played. 

IMF confirms Pakistan has met all preconditions for resumption of loan program

The top International Monetary Fund (IMF) official in Islamabad has confirmed Pakistan had met the final precondition for the seventh and eighth review under a $6 billion loan program. Pakistan met the last condition by increasing the petroleum development levy (PDL) on July 31. The PDL was raised by Rs10 on petrol and by Rs5 each on HSD, kerosene and light diesel oil (LDO).

Toyota, Suzuki to partially shut Pakistan output over forex, shortage issues

Pakistan’s two leading car assemblers, Toyota and Suzuki, plan partial plant shutdowns next month due to unavailability of raw material amid import restrictions and exchange rate volatility. The freefalling of rupee has had a cascading effect on industries that rely on imports to complete finished goods as the central bank delayed clearance of letters of credit with banks facing a shortage of dollars, affecting their ability to import materials.

From roads to global screens, Pakistani truck art impresses Korean pop band

Pakistani truck art has made waves globally many a times in the past. The popular form of art has inspired gallery exhibitions abroad and prompted stores in Western cities to sell miniatures, becoming one of Pakistan’s best-known cultural exports. Recently, a new video by Korean pop band Blitzers, has shone the spotlight on the potential of Pakistani culture. 

SHO loses job for presenting male constable as female officer in photos

District Police Officer (DPO) Gujrat, Atta-ur-Rehman, dismissed Station House Officer (SHO) Daulat Nagar, Sub Inspector Aslam Hunjra, from service for disguising a male officer as a female officer. According to details, Daulat Nagar Police had arrested three suspects, including a woman, for illegal possession of arms and drug peddling. As usual, a picture of the raiding team along with the arrested individuals was also shared on the social media accounts of the concerned Police Station.

US vlogger gang raped in Pakistan disables social media after trauma

A vlogger and social media activist from the United States, Arabela Urpi, 21, stated that she was raped by Muzmal Sipra and Shehzad of Rajanpur on the night of July 17 in a hotel room. The Border Military Police (BMP) has registered a rape case on the complaint of the vlogger. The complainant also said she had received threats from Sipra to not pursue legal proceedings.

One of Pakistan’s youngest entrepreneur, Abdul Hadi Jaliawala, is transforming Karachi’s industry at the age of 23

Meet Abdul Hadi Jaliawala, a young entrepreneur from Karachi, who is leading the change in garment industry of Pakistan. Jaliawala is amongst very few who are making big in industrial sector of our country at the age of 23 only. Within three years, Abdul Hadi has let Ghausia embroidery to heights of success, making it the secret behind every top clothing brand in Pakistan including Bonanza Satrangi, Alkaram, Gul Ahmed and J. among others.

Did you know? In 2019, Fishel Khalid, became the first Pakistani Jew to travel to Israel

In 2019, Fishel Khalid, became the first Pakistani Jew to travel to Israel. Khalid, who had declared himself as a ‘Jew’ was issued a fresh passport by the Pakistani authorities, which mentioned his religion as ‘Judaism’. Khalid was in contact with NADRA since 2016 to get himself registered as a Jew and after a long battle his claim was admitted by the government.

Pakistan’s top startup, Airlift shuts down despite raising a total of $109.2 mn funding

Pakistan’s top performing startup, Airlift, announced on Tuesday that it had permanently shut operations in the country after day-to-day running finances dried up and an attempt to raise fresh funds failed last week. The grocery delivery startup had raised the largest financing of $85 million in the country’s history in the Series B funding round in August 2021.