External debt restructuring is an eventuality for Pakistan and the country should try to convert its short-term external loans with… Read More
Pakistan Lost an Estimated Rs. 100 Billion in Yesterday’s Power Outage
Pakistan has lost around Rs. 100 billion due to the total blackout across the country on Monday as the government… Read More
Textile Companies Lost Rs. 16.1 Billion in a Day
Pakistan’s textile sector incurred roughly Rs. 16.1 billion ($70 million) in losses due to a stoppage of industrial activities amid… Read More
Dar Heads Off to Qatar to Discuss Investment Opportunities in Pakistan
Finance Minister Ishaq Dar has left for a two-day visit to Qatar today. Sources told ProPakistani that Dar will discuss… Read More
Rupee Plummets 23rd Day in a Row Against US Dollar Despite ‘Big News’ From Russia
The Pakistani Rupee (PKR) continued its fall against the US Dollar (USD) for the 23rd consecutive day today. The PKR… Read More
Govt Agrees to Exempt Demurrage Costs for Importers
The government has decided to withdraw demurrage charges for stranded containers at ports and to reduce terminal detention fees for… Read More
IHG Hotels & Resorts to Open First Holiday Inn Hotel in Lahore
Leading hotel company IHG Hotels & Resorts has inked signed a deal with Pakistan-based real estate company Delta Centauri to… Read More
PKR Falls 22nd Day in a Row Against US Dollar With No Recovery in Sight
The Pakistani Rupee (PKR) continued its fall against the US Dollar (USD) for the 22st consecutive day today. The PKR… Read More
Pakistan Planning LNG Purchase as International Prices Go Down
Pakistan’s energy crisis is expected to ease as the government is once again looking to secure the supply of liquefied… Read More
Money Crunch Forces Lucky to Seek More Time for Acquiring Lotte Chemical Pakistan
Lucky Core Industries (PSX: LCI) (Formely ICI Pakistan) is unable to sign the share purchase agreement (SPA) in order to… Read More
Pakistan is Least Preferable For Foreign Investment: SBP Data
Political unrest in the country, combined with the global economic slowdown, has made Pakistan one of the least preferred destinations… Read More
Traders Roast State Bank Governor Over Daft Import Restrictions
Members of the Karachi Chamber of Commerce and Industry (KCCI) made life hell for State Bank of Pakistan (SBP) Governor… Read More
