Foreign exchange companies will visit other countries, collect US dollars and bring them to Pakistan. Exchange firms have decided to… Read More
Aramco Shares its Conditions For Investing in $12 Billion Plant in Pakistan
Saudi Aramco has conveyed its willingness to invest in a $12 billion greenfield refinery on the condition that the Government… Read More
Pakistanis Traded Gold Worth Rs. 114 Billion in December As Prices Hit Multi-Year High
Gold worth Rs. 114 billion was traded in December 2022 with people seeing more value in adding the commodity to… Read More
KSB Pumps Suspends Operations at Hasan Abdal Plant Due to Import Restrictions
KSB Pumps Company Limited (PSX: KSBP) has temporarily suspended its plant operations at Hasan Abdal. In a stock filing, the… Read More
Another IMF Program is The Only Solution For Pakistan’s Economic Crisis
Given Pakistan’s huge external debt issues and worsening domestic economic clout, another International Monetary Fund (IMF) program remains the only… Read More
Govt Jacks up Prices of Ghee, Sugar, Flour At Utility Stores
The government has raised the prices of wheat flour, sugar, and ghee sold via Utility Stores Corporation (USC) by 25… Read More
Pakistan Refinery Ltd Restarts Operations After 2 Weeks
Pakistan Refinery Limited (PSX: PRL) has resumed operations after nearly two weeks. According to a stock filing, the company announced… Read More
PSX Among Worst Performing Markets in the World in 2022
Economic and political issues badly affected the Pakistan Stock Exchange (PSX) during the calendar year 2022. According to Topline Securities,… Read More
Rupee Ends 2022 With Losses Against US Dollar As Default Fears, Low Reserves Dictate Trends
The Pakistani Rupee (PKR) struggled against the US Dollar (USD) and posted losses during intraday trade today. It depreciated by… Read More
Prime International Oil and Gas Company Acquires Eni’s Business in Pakistan
A joint venture (JV) between Hub Power Holdings Limited and Eni’s Employee Buy-out Group has acquired 100 percent shareholding of… Read More
Another Mini-Budget on the Cards As Govt Aims to Raise Rs. 60 Billion Via Ordinance
A mini-budget is most likely on the cards as the government wants to raise an additional Rs. 60 billion revenue… Read More
Suraj Cotton Mills Cuts Production by 40% Due to Global Recession and Low Demand
Suraj Cotton Mills Limited (PSX: SURC) has announced to cut down production at all facilities by up to 40 percent.… Read More
