Remittances in April registered a decrease of 12 percent on a month-on-month (MoM) basis and dropped to the $2.2 billion… Read More
Pakistan Edges Closer to Default as Imran Khan Arrest May Delay IMF Deal: Bloomberg
Pakistan is on the verge of default as political unrest sparked by the arrest of former Prime Minister Imran Khan… Read More
Rupee Crashes to New All Time Low Against US Dollar After Losing Rs. 6.35 Within Hours
History has been made as the Pakistani rupee crashed to its lowest ever of 289.75 against the US Dollar during… Read More
PSX Sheds Over 550 Points During Intraday Crash After Imran Khan’s Arrest
Bears ran riot at the Pakistan Stock Exchange (PSX) today, with the benchmark KSE-100 index losing over 550 points in… Read More
Rupee Loses Big Against US Dollar Amid Political Turmoil
The Pakistani rupee (PKR) dropped further and posted heavy losses against the US Dollar today. The Pakistani rupee was all… Read More
Pakistan Aims to Address IMF Concerns on Fuel Subsidy Plan: Energy Minister
While Pakistan is grappling with a massive debt crisis and record-high inflation, the cash-strapped economy still aims to address the… Read More
Moody’s Says Pakistan Default Likely Without IMF Bailout
Moody’s Investor Service (Moody’s) says Pakistan may default if it does not receive a bailout from the International Monetary Fund… Read More
Engro Fertilizer Shuts Down Base Plant
Engro Fertilizers Limited (PSX: EFERT) has announced an “unscheduled maintenance” of its base plant on May 8, Monday. In a… Read More
SHC Allows JS Bank to Proceed with Acquisition of BIPL
The Divisional Bench of the Sindh High Court (SHC) has directed JS Bank Limited (PSX: JSBL) to argue afresh the… Read More
PKR Ends 3-Day Win Streak Against US Dollar After IMF Delay
The Pakistani rupee (PKR) reversed last week’s gains and posted losses against the US Dollar today. The Pakistani rupee was… Read More
Pakistan to Avert Near-Term Default, Bonds to Rise After Debt Rollover: Barclays
Pakistan’s sovereign bonds will probably rise in the near term as the country is expected to avert a default in… Read More
Pakistan Faces $3.7 Billion Debt Payments From May Onwards: Fitch Ratings
Pakistan faces $3.7 billion of debt payments starting this month, Fitch Ratings said, putting pressure on the government to convince… Read More
