Engro Fertilizers Limited (PSX: EFERT) has decided to resume limited operations at its Port Qasim plant tomorrow. In a stock… Read More
Irony: Importers Claim SBP is Wasting More Dollars by Holding Ships at Port
The State Bank of Pakistan (SBP) is making importers pay demurrages to the tune of $10,000 while it refuses to… Read More
Rupee’s Losing Streak Against US Dollar Completes 3 Full Weeks, Today’s Close At 228.91
The Pakistani Rupee (PKR) continued its fall against the US Dollar (USD) for the 21st consecutive day today, with rates… Read More
Inflation to Hit 70% if Pakistan Defaults, Says Former Finance Minister
The inflation rate in Pakistan could jump as high as 70 percent if the South Asian economy defaults. Ex-Finance Minister… Read More
Bloodbath at PSX As KSE-100 Falls by Over 1,370 Points Amid IMF Delay
The Pakistan Stock Exchange (PSX) saw a dramatic sell-off during the trading hours, with the benchmark KSE-100 index losing over… Read More
Rupee At 228.66 Against US Dollar, 20th Consecutive Drop After Bad News from IMF
The Pakistani Rupee (PKR) continued its fall against the US Dollar (USD) for the 20th consecutive day today, with rates… Read More
IT Ministry Commences ‘One Office One Light’ Policy At its Offices
Ministry of Information Technology and Telecommunication (MoIT&T) has commenced implementation of the ‘one office one light’ policy at its offices… Read More
Money Changers Suggest Higher US Dollar Rate to Increase Remittances
Exchange companies have proposed that the government raise US dollar rates for remittances in order to reduce currency price movements… Read More
’11 Billion Reasons’ Why the Geneva Money is Bad News for Pakistan
The world just gave Pakistan 11 billion reasons why loans are a bad deal for our economy. The timing is… Read More
Broken RaDar: Rupee Closes At 228.34 Against US Dollar After 19th Consecutive Drop Today
The Pakistani Rupee (PKR) continued its fall against the US Dollar (USD) for the 19th consecutive day today, with rates… Read More
Remittances Are Declining in Pakistan With US Dollar Rate Difference Making it Worse
Inward workers’ remittances in Pakistan, which is an important source of forex reserves for the country, have been on a… Read More
Lotte Chemical to Sell Pakistani Unit for $156 Million
Lotte Chemical plans to sell all of its 75.01 percent stake in its Pakistan unit to focus on strengthening its… Read More
