Pakistan’s Real Effective Exchange Rate (REER) has decreased by 0.84 percent to 95.85 in April 2022. According to the latest… Read More
SBP Allows DFIs to Participate in Open Market Operations
The State Bank of Pakistan (SBP) has decided to allow Development Finance Institutions (DFIs) to participate in Open Market Operations… Read More
Pakistan-Based Farmdar Raises $1.3 Million in Seed Round
Pakistan-based agri-tech startup Farmdar has raised $1.3 million in a seed funding round led by prominent investment entities. The round… Read More
Rupee Crashes Against US Dollar as Oil Payments and Budget Concerns Create Panic
The Pakistani Rupee (PKR) crashed near its record-breaking low against the US Dollar (USD) and posted losses in the interbank… Read More
Govt Likely to Hike Gas Prices for Fertilizer Makers: Report
Gas bills for the fertilizer sector are likely to go up as the government tries to convince the International Monetary… Read More
IMF, Oil Prices, Election Year Risks to Bring Down the GDP Growth to 5%
Pakistan’s GDP growth is forecast at 5 percent in the fiscal year 2022-23 (ending June 2023) on the back of… Read More
KSE-100 Bleeds Over 900 Points Amid Economic Woes
Pakistan equities witnessed an alarming sell-off during the early hours of trade on Friday after the government suddenly increased the… Read More
Pakistan Reports Record Textile Exports But Mill Owners Predict Poor Future Under New Govt
Pakistan registered its highest-ever textile exports of $17.67 billion in July-May financial year (FY) 2021-22, depicting a 28.5 percent year-over-year… Read More
Rupee Suddenly Ends Winning Streak Against US Dollar After Petrol Bomb
The Pakistani Rupee (PKR) halted its dramatic recovery against the US Dollar (USD) and posted losses in the interbank market… Read More
Urea Offtake Plunges by 10% in May
As per provisional fertilizer offtake data for the month of May 2022, urea offtake reported a decline of 10 percent… Read More
Rupee Ends Week With More Gains Against US Dollar As Oil Prices Retreat
The Pakistani Rupee (PKR) continued its winning streak against the US Dollar (USD) and posted gains in the interbank market… Read More
Govt Jacks up National Savings Profit Rates by 150 BPS
The government has revised the profit rate on several national savings certificates and schemes by 36 to 150 basis points.… Read More
