The Pakistani Rupee (PKR) slowed its decline against the US Dollar (USD) but still posted marginal losses during intraday trade… Read More
Economic Meltdown Forces Telcos to Cut Costs
The current economic meltdown and related liquidity issues have forced telecom companies to opt for cost cuttings, with one major… Read More
Agritech Halts Urea Production After SNGPL Suspends RLNG Supply
Fertilizer maker Agritech Limited (PSX: AGL) has halted urea production due to the suspension of Re-Gasified Liquefied Natural Gas (RLNG).… Read More
Tax Portal Befiler Raises $1.5 Million Seed Funding
Pakistan’s leading tax filing portal Befiler has received $1.5 million in seed funding from both foreign and local investors. According… Read More
Urea Sales Likely to Rise by 43% in December
Pakistan urea sales in December 2022 are expected to clock in at 835,000 tons, up 39 percent year-on-year (YoY) compared… Read More
Govt Raises Rs. 655 Billion Via Market Treasury Bills
The cut-off yields on Market Treasury Bills (MTBs) remained largely unchanged in the auction of the paper held on Tuesday.… Read More
Steel Prices Jump Again, Taking Total Hike to Rs. 25,000 in 30 Days
The domestic prices of steel products spiked for the fifth time since December as procuring raw material becomes increasingly difficult… Read More
Rupee At 226.94 Against US Dollar, Bears Rule As Economic Outlook Remains Grim in 2023
The Pakistani Rupee (PKR) opened 2023 all red against the US Dollar (USD) and posted losses during intraday trade today.… Read More
All Govt Buildings to be Shifted to Solar Power by End of April
With the economy in jeopardy, the federal government has issued new guidelines to government institutions for solarizing public buildings. Sources… Read More
Crescent Fibres Limited Cuts Production in Half Due to Low Demand
Crescent Fibres Limited (PSX: CFL) has decided to cut production by up to 50 percent. In a stock filing, the… Read More
Pakistan’s Cotton Production Falls By an Alarming 37%
Pakistan’s cotton output decreased by over 37 percent year-on-year (YoY), according to the latest fortnightly data released by the Pakistan… Read More
PSO and Attock Suffer as Petroleum Sales in Pakistan Take a Massive Dip
Pakistan oil sales in December 2022 decreased by 14 percent month-on-month (MoM) to around 1.34 million tons mainly due to… Read More
