The Pakistani rupee (PKR) rose further against the dollar during interbank trade on Friday, going as high as 259.725 against… Read More
Rupee Gains Further Ground Against US Dollar, Other Currencies
The Pakistani rupee (PKR) gained further ground against the dollar during interbank trade on Thursday, going as high as 260… Read More
Pakistan Tobacco Company’s Profit Up 13.5% to Rs. 21.3 Billion in 2022
Pakistan Tobacco Company Limited (PSX: PAKT), the biggest cigarette manufacturer in the country, announced its financial results for the calendar… Read More
SBP’s Short-Sighted Import Policies Are Hurting Industries: WB Economist
While Pakistan’s trade deficit is declining, the drop in machinery and intermediate input imports is bad news as it is… Read More
Maple Leaf Cement Posts 56% Profit Growth in 1HFY23
Maple Leaf Cement Factory Limited (PSX: MLCF) has reported a profit after tax (PAT) of Rs. 4.3 billion during the… Read More
Rupee Rebounds Against US Dollar, EUR, AUD, CAD After Good News From China
The Pakistani rupee (PKR) reversed losses and posted gains against the dollar during interbank trade on Wednesday, going as high… Read More
Pakistan May Need Debt Adjustment Despite IMF Bailout, Other Loans: Report
Pakistan may require a debt adjustment in some form given the sharp deterioration in its external position, even if some… Read More
Investment-to-Deposit Ratio Surges to 85% in January As Banks Seek Inflationary Cover
Banks’ investment-to-deposit ratio (IDR) surged by 12.5 percentage points to a new high of 85 percent in January 2023 as… Read More
China Development Bank Approves $700 Million Loan for Pakistan
China Development Bank (CBD) has approved a re-financing loan of $700 million for Pakistan. Finance Minister Ishaq Dar confirmed the… Read More
Rupee Ends 5-Day Win Streak Against US Dollar After Mini-Budget Implementation
The Pakistani rupee (PKR) moved lower and posted losses against the dollar during interbank trade on Tuesday, falling as low… Read More
Synthetic Products Enterprises to Buy Back 9.98 Million Shares
Synthetic Products Enterprises Ltd (PSX: SPEL) has announced its decision to buy back 9,986,801 of its own shares. According to… Read More
IMF Will Not Delay Staff Level Agreement: Minister
Further delay in the staff-level agreement with the International Monetary Fund (IMF) is unlikely as matters are progressing in a… Read More
