The country’s textile group exports declined to $1.36 billion in January as compared to $1.55 billion during the same period… Read More
IMF Demands Higher Electricity Prices Rejecting Pakistan’s Circular Debt Plan
The International Monetary Fund (IMF) is understandably unimpressed with Pakistan’s revised Rs. 952 billion ‘Circular Debt Management Plan’ (CDMP). The… Read More
Gold Prices Reverse Decline After Pakistan’s Inflation Breaks 47-Year Record
Gold prices in Pakistan reversed yesterday’s losses today (Wednesday) after the Pakistani Rupee fell against the US Dollar in interbank… Read More
Rupee Falls Below 268 Against US Dollar Amid Tricky IMF Talks
Pakistani rupee (PKR) reversed yesterday’s gains against the dollar today as talks with the International Monetary Fund (IMF) intensify. It… Read More
Fuel Cover Uncertain As PSO Scrambles for Money to Buy Fuel and Pay Off Refineries
Pakistan State Oil’s (PSO) receivables have ballooned to Rs. 718 billion with payables at Rs. 219 billion, according to the… Read More
Govt to Increase Electricity Bills Next to Satisfy IMF
Another utility circus is expected to hit consumers as the government plans to add Rs. 952 billion to Pakistan’s circular… Read More
Gold Prices See Highest Ever Single-Day Drop in Pakistan
Gold prices in Pakistan reversed their upward trend on Tuesday after the Pakistani Rupee gained big against the US Dollar… Read More
Rupee Breaks 29-Day Losing Streak Against Dollar After IMF News Breathes New Life into Markets
Pakistani rupee (PKR) recovered after 29 days of consecutive losses and posted gains against the dollar today. It rose as… Read More
Massive Fraud Claim Wipes Out $70 Billion of Indian Group’s Stock
The stock market value of India’s Adani Group has fallen massively in the past day after the conglomerate’s rebuttal of… Read More
US Dollar Will Rise Further But It Will Help Pakistan’s Economy: Fitch
The Pakistani rupee (PKR) could weaken even further against the US Dollar but its fall will help the country secure… Read More
Critical IMF Talks Begin As Pakistan Seeks Urgent Relief
The International Monetary Fund (IMF) mission arrived in Islamabad yesterday and technical-level talks have already started for completing the 9th… Read More
Pakistan Offers Top 5 Shares in State Owned Companies to UAE Firms
The government has made available its top 5 shareholdings in State Owned Entities (SOEs) to two top UAE firms. Access… Read More
