The foreign exchange reserves held by the central bank registered their third consecutive weekly increase, according to data released by… Read More
Gold Prices Again Cross Rs. 200,000 Thanks to Rupee Crash
Gold prices in Pakistan surged massively on Thursday after the Pakistani Rupee plummeted by Rs. 19 against to a new… Read More
Bond Holders Expect Pakistan to Default on $7 Billion Debt Amid IMF Deadlock
Bondholders are bracing for a possible default by Pakistan, which is struggling to meet billions of dollars in debt repayments… Read More
Ishaq Dar Claims Elements Spreading Rumors About Default are ‘Anti-Pakistan’
Under-fire Finance Minister Ishaq Dar on Thursday once again ruled out the possibility of any default and reiterated his stance… Read More
SBP Announces Huge Increase in Interest Rate After Emergency Meeting
The State Bank of Pakistan’s (SBP) Monetary Policy Committee (MPC) on Thursday raised the policy rate by 300 basis points… Read More
US Dollar ‘Not Out’ At 285 Against PKR in Less Than 3 Hours [Updated]
The Pakistani rupee (PKR) crashed beyond its lowest ever against the US Dollar during intraday trade today as uncertainty over… Read More
Rupee Crashes Against US Dollar, Euro, British Pound After Moody’s Downgrade
The Pakistani rupee (PKR) crashed and incurred huge losses against the dollar during interbank trade on Wednesday, going as low… Read More
IMF is Delaying Bailout to Put Pressure on Pakistan: Govt
The government is struggling to secure a billion-dollar bailout from the International Monetary Fund (IMF) as the lender seeks timely… Read More
Govt Discontinues Zero Rated Industrial Package for Export Sector
The Ministry of Energy has notified the discontinuation of the Zero Rated Industrial (ZRI) package for the export-oriented sector from… Read More
Rupee Sharply Declines Against US Dollar, British Pound After SBP News
The Pakistani rupee (PKR) reversed gains and sharply declined against the dollar during interbank trade on Tuesday, going as low… Read More
Cash-Strapped PSO Wants to Somehow Buy Telenor Pakistan
Pakistan State Oil (PSO) wants to buy Telenor’s operations in Pakistan and intends to participate in the first round of… Read More
PM Shehbaz Shocked at Massive Increase in Chicken Prices
Prime Minister Shehbaz Sharif has inquired why chicken meat was so expensive in the country if everything was under control… Read More
