The Pakistani rupee (PKR) moved higher and posted gains against the dollar during interbank trade on Monday, rising as high… Read More
Pakistan Ramps Up Nuclear Power Generation by a Massive 48% in January 2023
Power generation in the country went down by 3.2 percent on a month-on-month (MoM) basis to 8,515 gigawatts per hour… Read More
Current Account Deficit Shrinks Sharply by 90% in January, Lowest in 21 Months
Pakistan’s current account deficit (CAD) decreased by 90 percent on a year-on-year (YoY) basis to clock in at $242 million… Read More
IMF Taxes Draw First Blood on Tobacco Sector as Cigarette Prices See 250% Increase
Pakistan’s tobacco sector has taken one on the chin as cigarette makers on Saturday notified huge price hikes of 250… Read More
Rupee Up 4th Day in a Row Against US Dollar
The Pakistani rupee (PKR) surged higher and posted gains against the dollar during interbank trade on Friday, rising as high… Read More
PSO Gets Huge Price Benefit on Fuel Rates to Offset Losses From PKR Devaluation
The federal government granted Pakistan State Oil (PSO) an exchange rate adjustment of Rs. 9.92 per liter on petrol and… Read More
Rupee Rises 3rd Day in a Row Against US Dollar After Govt Surprise Last Night
The Pakistani rupee (PKR) went higher and gained big against the dollar during interbank trade on Thursday, rising as high… Read More
Govt Rejects All Bids for Rs. 100 Billion Fixed Rate PIBs
The government rejected all the bids for fixed-rate Pakistan Investment Bonds (PIBs) against a target of Rs. 100 billion at… Read More
Rupee Gains Further Ground Against US Dollar 2nd Day in a Row
The Pakistani rupee (PKR) gained further ground and reported gains against the dollar during interbank trade on Wednesday, rising as… Read More
Inflation in Pakistan Could Average 33% in First Half of 2023: Report
While it is highly unlikely that funds from the International Monetary Fund (IMF) will help Pakistan get its economy back… Read More
Banks Are Forcing Customers to Shift to Islamic Banking To Avoid High Interest Payouts
Banks in Pakistan are forcefully converting conventional savings accounts to Islamic accounts in order to avoid paying high interest to… Read More
NEPRA Will Not Cut Rate to Buy Electricity from Solar-Powered Consumers
After months of speculation and intense pressure from various government and private sectors, the National Electric Power Regulatory Authority (NEPRA)… Read More
