The six-month Karachi Interbank Offered Rate (KIBOR) has increased by 641 basis points to 14.1 percent, owing to the sharp… Read More
Pak Suzuki Reports Shocking Losses Despite Good Sales
Pak Suzuki Motor Company Limited (PSMC) has announced a loss after tax of Rs. 460.22 million for the quarter that… Read More
Rupee Reports Even Bigger Gains Against US Dollar As Oil Prices Start to Fall
The Pakistani Rupee (PKR) continued to recover against the US Dollar (USD) and reported gains in the interbank market today.… Read More
Elon Musk Officially Buys Twitter in Multi-Billion Dollar Deal
Twitter has officially accepted Tesla maverick Elon Musk’s $44 billion bid for acquiring the micro-blogging company, international outlets reported on… Read More
Pakistanis Made Over Rs. 98 Billion in Crypto Profits in 2021
Pakistani investors earned more than $604 million in profits from cryptocurrencies during the calendar year 2021. While the extent of… Read More
Pakistan’s Telecom Activities Now Worth Nearly Rs. 500 Billion
The output of the telecommunication activities has been estimated at Rs. 492.956 billion, whereas intermediate consumption is Rs. 178.567 billion,… Read More
Rupee Makes Big Gains Against US Dollar After IMF News
The Pakistani Rupee (PKR) reversed losses against the US Dollar (USD) and reported gains in the interbank market today. The… Read More
Pakistan to Receive Additional $2 Billion from IMF
Pakistan underwent a major breakthrough in talks with the International Monetary Fund (IMF) as a Finance Ministry official said the… Read More
Attracting US Investments in Pakistan New Govt’s Top Priority: Miftah
Minister for Finance and Revenue, Miftah Ismail, while speaking with the delegation of the US Pakistan Business Council (USPBC) at… Read More
Companies Violating Modaraba Regulations to Face Heavy Penalties
The Securities and Exchange Commission of Pakistan (SECP) has decided to heavily penalize Modarba companies, which will deliberately violate any… Read More
Rupee Finally Halts Rapid Fall Against US Dollar After Oil Prices Retreat
The Pakistani Rupee (PKR) finally reversed its fall against the US Dollar (USD) and reported gains in the interbank market… Read More
Saudi Arabia’s Retailo Acquires Dubai-Based DXBUY
The Riyadh-based e-commerce platform, Retailo has acquired DXBUY, a UAE B2B e-commerce platform to further cement its growth across the… Read More
