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Pakistan and China to start trading in yuan: Fawad Chaudhry

Pakistan and China will start trading in yuan now, instead of dollars. Yuan is the currency of China. “The trade between Pakistan and China has been valued at $15 billion,” said Information minister Fawad Chaudhry on Monday. The two countries are working on improving their economic cooperation, he remarked. “China has ...

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Brace for impact as inflation hits four-year high

Photo: AFP The recent policy decisions by the newly formed government have started showing their impact on the economy driving October’s inflation rate to 7%, its highest level in the last four years. Last time inflation rose to this level or above was in September 2014. Among the commodities that ...

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Suzuki cars are now Rs40,000 more expensive

Photo: PakSuzuki Suzuki’s Wagon variants will cost Rs40,000 more from today (November 1), as Pak Suzuki Motors has increased prices of its cars to adjust for the depreciation of the Pakistani rupee. In a notification to Suzuki dealers, the Japanese automaker increased prices of all its cars by Rs40,000. This ...

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Government increases petrol price by Rs5 per litre

Photo: AFP Prepare yourselves for another hike in petrol price. The government has increased the petrol price by Rs5 per litre, it will now cost Rs 97.83 per litre. The Oil and Gas Regulatory Authority had recommended an increase of Rs9 per litre. Related: Brace yourselves: Electricity prices just went ...

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