The International Monetary Fund (IMF) has strongly urged Pakistan in three consecutive reviews to allow a market-determined exchange rate for… Read More
PSX Surpasses 46,000 Mark for the First Time Since April 2022
The Pakistan Stock Exchange (PSX) rallied in the week’s last trading session as bulls took control of the market with… Read More
Fauji Foods Ltd Posts Profit For the First Time in Over a Decade
Fauji Foods Limited (FFL) has announced its financial results for the quarter that ended on June 30, calendar year 2023.… Read More
Rupee Plunges Below 286 Against US Dollar With No Recovery in Sight
The Pakistani rupee ended the week with losses against the US Dollar during intraday trade today after opening trade at… Read More
Remittances of Up To $8 Billion Being Sent Through Hundi System Annually
A meeting of the Senate Standing Committee on Finance and Revenue was held under the chairmanship of Senator Saleem Mandviwalla… Read More
Rupee Crashes 5th Day in a Row Against US Dollar, Other Currencies
The Pakistani rupee lost further ground against the US Dollar during intraday trade today after opening trade at 283.87 in… Read More
China Financed 30% of Pakistan’s $100 Billion External Debt Till December 2022: IMF Report
Pakistan’s total external debt stock was recorded at $100.52 billion at end-December 2022, of which $29.59 billion was financed by… Read More
Rupee Falls 4th Day in a Row Against US Dollar
The Pakistani rupee fell further against the US Dollar during intraday trade today after opening trade at 282.05 in the… Read More
Rupee Falls Sharply to 283 Against US Dollar, Informal Market Hits 305
The Pakistani rupee crashed against the US Dollar during intraday trade today after opening trade at 279 in the interbank… Read More
Pakistan’s Electricity Generation Dropped by 9.5% in FY23
Power generation in the country went up by 11.7 percent on a month-on-month (MoM) basis to 13,715 gigawatts per hour… Read More
Pakistan’s Real Effective Exchange Rate Rises to 87.7 in June
Pakistan’s Real Effective Exchange Rate (REER) jumped by 0.4 percentage points to 87.7 in June 2023. According to the latest… Read More
Pakistan Yet to Receive Pending Dues of $800 Million from Etisalat, Senate Panel Told
The Senate Standing Committee on Privatization, chaired by Senator Shammim Afridi, reviewed the matter of Pakistan being unable to recover… Read More
