Rethinking Tobacco Taxation in Pakistan: A Call for Immediate Reforms Introduction The Framework Convention on Tobacco Control[i] (FCTC) aims to mitigate the adverse impacts of tobacco consumption. Tobacco taxation, a key FCTC measure, remains underutilized in several low and middle-income countries including Pakistan. The lack of a proper policy has resulted in a weak tobacco...
Category: ECNOMICS
Home
ECNOMICS
Post
Pakistan Urges $100 Billion Loss and Damage Fund at COP28 Summit.Syed Asif Hyder shah
Pakistan is set to push for the operationalization of a $100 billion loss and damage fund at the upcoming COP28 summit in Dubai. As the country most severely affected by climate change, Pakistan requires approximately $348 billion by 2030 to address climate action, including both mitigation and adaptation measures. To achieve this, Pakistan aims to...
Post
May 12, 2023May 12, 2023ECNOMICS
Rupee strengthens to 285.75 against dollar
The rupee made a sharp recovery of 4.4 per cent against the US dollar in the interbank market on Friday, staging a remarkable recovery having lost almost 3pc of its value yesterday. The PKR was trading at Rs285.75 per dollar around noon, gaining Rs13.18 from yesterday’s close of Rs298.93. Forex Association of Pakistan (FAP) Chairperson...
Post
January 30, 2023January 30, 2023ECNOMICS
PKR downslide continues with Rs6.5 loss in interbank
After plunging to a record low last week, the PKR depreciated by another Rs6.5, trading at Rs269.1 per dollar in the interbank market around 12pm on Monday, according to data shared by the Forex Association of Pakistan (FAP). This equates to a loss of 2.48 per cent from Friday’s close of Rs262.6. Exchange Companies Association of Pakistan...
Post
January 29, 2023January 29, 2023ECNOMICS
Dar announces 35-rupee hike in petrol price
Finance Minister Ishaq Dar on Sunday morning announced a Rs35 increase in the prices of petrol and diesel, in a televised address just minutes before the new prices went into force. In the address, which began at 10:50am, Dar unveiled the price revision that went into effect at 11:00am — 10 minutes later. He said...
Post
January 25, 2023January 25, 2023ECNOMICS
USD trades at Rs243 in open market after exchange rate cap removed
The rupee depreciated against the dollar on Wednesday after the Exchange Companies Association of Pakistan (Ecap) removed an unofficial cap on the exchange rate. According to a notice issued by Ecap Chairman Malik Bostan’s office, the USD was being traded at Rs243 in the open market at 11am, falling 0.93 percent from yesterday’s close of...
Post
January 24, 2023January 24, 2023ECNOMICS
Exchange companies to remove cap on dollar rate from tomorrow
The Exchange Companies Association of Pakistan (ECAP) announced on Tuesday that it would remove the cap on the US dollar from January 25 (tomorrow). The exchange rate has been primarily hit hard by a steep decline in the central bank’s foreign exchange reserves, which have shrunk to $4.6 billion. Currency experts say the rupee has been falling...
Post
January 12, 2023January 12, 2023ECNOMICS
Rupee weakens against dollar
The exchange rate of the Pakistani rupee depreciated by 04 paisas against the US dollar in the interbank trading on Wednesday and closed at Rs 227.92 against the previous day’s closing of Rs 227.88. According to the Forex Association of Pakistan (FAP), the buying and selling rates of dollar in the open market were recorded...