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
Rupee Gains Further Ground Against US Dollar 2nd Day in a Row
The Pakistani rupee (PKR) gained further ground and posted gains against the US Dollar today. The Pakistani rupee was initially… Read More
World Chooses to Invest in AI While Political Games and Inflation Hold Pakistan Hostage
The world is embracing OpenAI’s viral Natural Language Processing tool ChatGPT for all the right (maybe wrong) reasons but authorities… Read More
IMF Wants Pakistan to Further Increase Interest Rates to Fight Inflation
The International Monetary Fund (IMF) wants Pakistan to further jack up interest rates to bring down inflation. The lender in… Read More
