Pakistan’s trade activities have slowed and import trends are pointing toward further decelerations to come, according to World Bank (WB)… Read More
Pakistan’s Real Effective Exchange Rate Drops to 86.4 in February
Pakistan’s Real Effective Exchange Rate (REER) decreased by 8 percent to 86.4 in February 2023. According to the latest monthly… Read More
Rupee Reverses Losses Against USD, Australian Dollar
The Pakistani rupee (PKR) reversed losses against the US Dollar and posted gains during intraday trade today. The Pakistani rupee… Read More
IGI Life Insurance to Set Up Pension Fund
IGI Life Insurance Limited (PSX: IGIL) is set to commence the process of establishing a voluntary pension fund. In a… Read More
IMF Wants Pakistan to Fulfil Remaining Conditions for Bailout
The International Monetary Fund (IMF) has stated that Pakistan has made substantial progress for the bailout revival in recent days.… Read More
Gold Price in Pakistan Decreases by Rs. 1,000 Per Tola to Rs. 207,300
Gold prices in Pakistan decreased on Monday after international rates retreated following early-day gains to above $2,000 per ounce. According… Read More
Current Account Deficit Shrinks by 86% in February to $74 Million
Pakistan’s current account deficit (CAD) decreased by 86 percent on a year-on-year (YoY) basis to clock in at $74 million… Read More
Rupee Nears All-Time Low Against US Dollar After Yet Another Decline
The Pakistani rupee (PKR) reversed last week’s gains against the US Dollar and crashed near its all-time low of 285.09… Read More
Pak Suzuki Suffers Biggest Ever Loss of Rs. 6.33 Billion in 2022
Pak Suzuki Motor Company Limited (PSMC) has announced its highest-ever loss after tax of Rs. 6.33 billion for the calendar… Read More
Banking Sector Chaos Drives Oil Meltdown As Brent Drops to $70 per Barrel
Oil prices fell sharply on Monday with Brent crude crashing to $70 amid fears of the impact of the US… Read More
Switzerland’s Largest Bank Acquires Crisis-Hit Credit Suisse Amid Global Crunch
Credit Suisse and Switzerland’s biggest bank UBS have merged with UBS being the surviving entity, the Zürich-based wealth manager said… Read More
IMF Denies Discussing Pakistan’s Nuclear Assets for Bailout
The International Monetary Fund (IMF) has dismissed the speculation that it wants Pakistan to abandon its long-range nuclear weapons program.… Read More
