The Pakistani rupee (PKR) reversed losses and posted gains against the US Dollar today. The Pakistani rupee was largely stable… Read More
PSO, Shell and Attock Suffer as Petroleum Sales Take a Massive Dip
Pakistan’s petroleum sales witnessed a significant decline of 46 percent on a year-over-year (YoY) basis and stood at 1.17 million… Read More
Rupee Reverses Gains Against US Dollar, Other Currencies
The Pakistani rupee (PKR) reversed gains and posted losses against the US Dollar today. The Pakistani rupee was largely stable… Read More
Lucky Cement to Buyback 7.59% of its Shares in 2nd Buyback
Lucky Cement Limited (PSX: LUCK) has approved the decision to recommend a second buyback of up to 23.8 million or… Read More
Rupee Ends Week With Marginal Recovery Against US Dollar
The Pakistani rupee (PKR) reversed losses and posted small gains against the US Dollar today. The Pakistani rupee was largely… Read More
UBL Considering Merger with Silkbank
United Bank Limited (UBL) is considering a merger with Silkbank Limited and intends to seek permission from the State Bank… Read More
Attock Cement to Sell its Subsidiary in Iraq for $23.4 Million
Attock Cement Pakistan Limited (PSX: ACPL) has entered into an arrangement for the sale of its investment in a cement… Read More
Profit Repatriation Declines by Over 81% in 9 Months of FY23 Amid Dollar Drought
Foreign company repatriation of dollars fell 81.6 percent during the first nine months of the current fiscal year, mirroring low… Read More
Systems Limited Posts Highest Ever Quarterly Profit of Rs. 3.87 Billion in Q1 2023
Systems Limited (PSX: SYS) announced its financial results for the three months that ended on March 31st, 2023, wherein it… Read More
China Proposes $58 Billion Railway Project in Pakistan to Reduce Reliance on Western Trade Routes
China has proposed to build its most expensive Belt and Road Initiative (BRI) to date, a $58 billion railway system… Read More
Rupee Falls Against Major Currencies As Outlook Remains Grim
The Pakistani rupee (PKR) reversed gains and posted heavy losses against the US Dollar today. The Pakistani rupee was largely… Read More
Govt Bets Big on Inflation, Debt Levels to Ease While Numbers Paint Bleak Picture
The risks to Pakistan’s public debt remain high in the next few years, while inflation is estimated to rise further… Read More
