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
State Bank Likely to Raise Interest Rate in Monetary Policy Committee’s Emergency Meeting
The State Bank of Pakistan (SBP) will push up its Monetary Policy Committee meeting to March 2nd, 2023, and raise… Read More
PPL Reports Impressive 55% Growth in Profits
Pakistan Petroleum Limited (PSX: PPL) has announced its consolidated results for the first 6 months of the fiscal year 2022-23… Read More
Rupee Gains Against Major Currencies As Markets Anticipate ‘Big SBP Move’
The Pakistani rupee (PKR) was stable against the dollar during interbank trade on Monday, going as high as 259.625 against… Read More
Hub Power Company Posts Massive Profit in 1HFY23
The Hub Power Company Limited (PSX: HUBC), one of the largest private power producers in the country, posted a consolidated… Read More
6-Month KIBOR Surges to All-Time High
The 6-Month Karachi Inter-Bank Offered Rate (KIBOR), a benchmark for lending to consumers and businesses, increased by 25 basis points… Read More
SBP Injects Rs. 1.8 Trillion into Market to Manage Liquidity
After a gap of just 4 days, the State Bank of Pakistan (SBP) again conducted an Open Market Operation (OMO)… Read More
Rupee Ends Week With More Gains Against US Dollar 3rd Day in a Row
The Pakistani rupee (PKR) rose further against the dollar during interbank trade on Friday, going as high as 259.725 against… Read More
