Author: Sahil Khan
Pakistan has achieved a significant economic milestone by posting a current account surplus of $2.1 billion, marking the first time in 14 years that the country has recorded such a positive balance. This development signals a noteworthy shift in Pakistan’s external economic position, reflecting stronger exports, increased remittances, and improved management of imports. After years of current account deficits that pressured the country’s foreign reserves, this surplus brings much-needed relief to Pakistan’s economy. The surplus is a result of various factors, including government efforts to boost exports and contain imports, as well as a steady flow of remittances from overseas…
Finance Minister Aurangzeb is accelerating efforts to finalize a pivotal trade agreement with the United States, a move seen as a crucial step toward stabilizing and revitalizing Pakistan’s economy. With the nation facing ongoing economic challenges—including inflation, a weakening currency, and shrinking foreign reserves—the trade deal represents a significant opportunity to unlock fresh avenues for growth, investment, and export expansion. The urgency behind this push is not just strategic, but essential. By strengthening trade ties with one of the world’s largest economies, Pakistan aims to secure better market access, enhance investor confidence, and reduce its reliance on debt-driven solutions. FM…
The Cabinet has recently approved a 15% increase in pensions provided by the Employees’ Old-Age Benefits Institution (EOBI). Step toward enhancing the financial well-being of retired workers who rely on these pensions for their daily living expenses. The hike aims to help pensioners better cope with rising living costs, especially in the current economic climate where inflation has affected many households. EOBI pensions serve as a crucial source of income for thousands of retired employees nationwide, providing them with financial security after years of hard work. The government’s decision to increase the pension amount reflects its commitment to supporting the…
After reaching record-breaking highs, the Pakistan Stock Exchange (PSX) is now showing signs of a pullback, and investors are taking notice. In recent sessions, the benchmark KSE-100 index has dipped, triggering a wave of profit-taking as investors cash in on earlier gains. This decline follows months of bullish momentum, driven by improved economic indicators, increased investor confidence, and expectations tied to political stability. While some may view the drop as a cause for concern, many market analysts suggest it’s a natural correction — a pause after a steep climb. As seasoned investors know, no rally lasts forever. The recent decline…
The significant move aimed at providing relief to consumers, the National Electric Power Regulatory Authority (NEPRA) has announced a substantial reduction in electricity prices. This unexpected decision comes as a welcome change for millions of households and businesses grappling with high utility costs amid ongoing economic challenges. The reduction in power tariffs is part of NEPRA’s monthly fuel cost adjustment, reflecting the drop in global energy prices and improved local generation efficiencies. While the exact cut varies depending on your region and usage, this move is expected to ease the financial pressure on consumers across the board. So, what does…
Bitcoin has once again made headlines, smashing through the $120,000 mark and setting a new milestone in the ever-evolving world of digital currency. This historic price surge isn’t just another high point—it’s a powerful signal of growing investor confidence and a broader shift toward mainstream acceptance of cryptocurrency. As institutional adoption rises and global interest in decentralized finance accelerates, Bitcoin’s climb represents more than market momentum—it marks a turning point. For investors, this new peak presents both exciting opportunities and critical questions. Is this the beginning of a new era of sustained growth, or a sign of volatility ahead? For…
Pakistan is on the brink of a significant transformation in its financial landscape with the upcoming pilot launch of its digital currency. As the world increasingly embraces digital money, Pakistan is stepping forward to join the revolution, aiming to modernize how people transact and interact with the economy. This digital currency, backed by the State Bank of Pakistan, promises to bring convenience, security, and efficiency to everyday payments. The pilot launch is an exciting first step toward a cashless future. It will enable users to experience a new way of making payments directly through their smartphones, using either physical cash…
The move aimed at calming rising market tensions and ensuring affordability for everyday consumers, the government has announced the import of 500,000 tonnes of sugar. This large-scale intervention comes amid growing concerns over sugar price volatility, which has affected household budgets and put pressure on small businesses nationwide. By increasing supply through imports, the government aims to alleviate the current market crunch, particularly as demand remains high in the lead-up to festive and seasonal periods. The plan also reflects a broader effort to maintain food security and curb inflation in essential commodities. Officials emphasize that the imported sugar will be…
With rising energy costs putting pressure on household budgets, the government has launched a timely initiative called the Fan Replacement Programme. This new scheme aims to help families save money by replacing old, energy-hungry ceiling fans with modern, energy-efficient models—completely free of charge or at a heavily subsidized rate. Many households continue to use outdated fans that consume more electricity than necessary, especially during hot summer months. These older fans not only increase your power bill but also contribute to unnecessary energy waste. The new government-backed programme offers an innovative solution: swap your old fan for a high-efficiency one that…
Buying a used or refurbished iPhone can be a smart way to save money—if you know what to look for. But with so many sellers and listings, how can you be sure you’re getting a good deal on a device that’s actually worth it? That’s where AI comes in. Artificial Intelligence is transforming the way we shop, especially for electronics. From detecting hardware issues to verifying device authenticity, AI tools are making it easier than ever to confidently evaluate an iPhone before making a purchase. Whether you’re shopping online or in person, these advanced technologies can scan, analyze, and even…