Pakistan’s oil sales in May witnessed a 2 percent decline, mainly led by a 7 percent fall in High-Speed Diesel… Read More
Rupee Extends Winning Streak Against US Dollar After Good News
The Pakistani Rupee (PKR) continued to recover against the US Dollar (USD) and posted gains in the interbank market today.… Read More
Truck It In Joins Airlift, Swvl and Fires Around 30% Workforce
Truck It In follows Airlift and Swvl in a wave of major layoffs as the company overhauls its business to… Read More
SBP Increases Rate of Return on Dollar Deposits
In order to mobilize deposits of dollars in the banking system, the State Bank of Pakistan (SBP) has increased the… Read More
Rupee Makes Big Gains Against US Dollar Despite Highest Oil Price in Over 2 Months
The Pakistani Rupee (PKR) continued to recover against the US Dollar (USD) and posted gains in the interbank market today.… Read More
Global Oil Prices Back Above $120 After EU Bans Russian Crude
Oil prices surpassed $120 for the first time in more than two months after European Union (EU) leaders decided to… Read More
IMF Deal to Stabilize PKR But Inflation Set to Rise Significantly: Report
The new deal with the International Monetary Fund (IMF) should play a key role in stabilizing forex reserves and positively… Read More
Rupee Gains Big Against US Dollar Despite IMF Uncertainty and Rising Oil Prices
The Pakistani Rupee (PKR) continued to recover against the US Dollar (USD) and posted gains in the interbank market today.… Read More
SWVL to Fire 32% of its Employees, Hopes to Make a Profit by 2023
Swvl Holdings, a global provider of transformative tech-enabled mass transit solutions, announced today that it is implementing a portfolio optimization… Read More
All Roads Lead to IMF After Pakistan Gets ‘Cold Shoulder’ from Bond Markets
An agreement with the International Monetary Fund (IMF) is Pakistan’s only resort to obtaining funds as the global bond market and… Read More
Rupee Finally Breaks 15-Day Losing Streak Against US Dollar
The Pakistani Rupee (PKR) finally recovered against the US Dollar (USD) and posted big gains in the interbank market today.… Read More
SBP Injects Rs. 1.8 Trillion for 63 Days Through Open Market Operations
After a gap of three months, the State Bank of Pakistan (SBP) again conducts a 63-day Open Market Operation (OMO)… Read More
