Pakistan’s 2024 bonds have fallen for the sixth consecutive day, according to investors tracking developing-country dollar-denominated bonds, Bloomberg reported on… Read More
SHC Allows JS Bank to Carry on Process of Proposed Acquisition of Bankislami
The Sindh High Court (SHC) has allowed JS Bank Limited (PSX: JSBL) to carry on the process of the proposed… Read More
Rupee Down 3rd Day in a Row Against US Dollar, British Pound, Euro
The Pakistani rupee (PKR) shed further against the US Dollar and posted losses during intraday trade today. The Pakistani rupee… Read More
Rupee Loses 2nd Day in a Row Against US Dollar, British Pound
The Pakistani rupee (PKR) dropped further against the US Dollar and posted losses during intraday trade today. The Pakistani rupee… Read More
Sunwalk Group to Invest $2 Billion in Pakistan’s Fiber Optic Network
Sunwalk Group intends to invest $2 billion in the telecom sector for the deployment of an Optical Fiber Network, encompassing… Read More
Rupee Reverses Friday’s Gains Against US Dollar As Uncertainty Reigns Supreme
The Pakistani rupee (PKR) reversed gains against the US Dollar and posted big losses during intraday trade today. The Pakistani… Read More
China is Pakistan’s Biggest Hope if IMF Delays Bailout: Bank of America
Pakistan will have no choice but to suspend debt repayments if it fails to secure a $1.1 billion bailout from… Read More
Maple Leaf Buys 15.08% Stake in Pioneer Cement Ltd
Maple Leaf Cement Factory Limited (PSX: MLCF) has purchased 9.5 million voting shares of Pioneer Cement Limited (PIOC). According to… Read More
Rupee Ends Dramatic Week With Big Gains Against US Dollar
The Pakistani rupee (PKR) reversed losses against the US Dollar and posted big gains during intraday trade today. The Pakistani… Read More
Remittances Increase for the First Time in 6 Months
After five consecutive monthly declines, remittances in February registered an increase of 4.9 percent on a month-on-month (MoM) basis and… Read More
Cement Sector Posts Double-Digit Profit Growth in Q2 Despite Weak Macros
Pakistan’s top cement companies reported double-digit profit growth in the current fiscal year’s second quarter (FY23) despite current macroeconomic challenges… Read More
Rupee Nears All-Time Low Against US Dollar After Yet Another Crash
The Pakistani rupee (PKR) slid further against the US Dollar and posted losses during intraday trade today. The Pakistani rupee… Read More
