Pakistan is currently engaged in discussions with bilateral partners for arranging inflows somewhere in the region of $6 billion as… Read More
SBP Raises Mark-Up Rate on Export Finance Scheme to 13% to Meet Key IMF Condition
The State Bank of Pakistan (SBP) has further revised the rates of specialized financing schemes in line with its tightened… Read More
Jazz Deploys 5G-Based Tech for Low-End 4G Devices in Pakistan
Jazz and Huawei have commercially deployed 5G-based communication technology in Pakistan for the first time. The framework is a Frequency-division… Read More
Pakistan’s Forex Reserves Drop to Critical Level, Lowest Since 2014
Foreign reserves held by the State Bank of Pakistan (SBP) witnessed a substantial outflow of $294 million in the week… Read More
IT Minister Wants Upcoming 5G Auction to Be Cheap and Industry Friendly
Federal Minister for IT and Telecommunication Syed Aminul Haque has said that the upcoming 5G auction should be industry-friendly and… Read More
Rupee Hopelessly Falls 8th Day in a Row Against US Dollar Despite Oil Drop
The Pakistani Rupee (PKR) dropped further against the US Dollar (USD) and posted losses during intraday trade today. It depreciated… Read More
PSO on the Verge of Collapse With Fuel Supply Disruption Likely
Pakistan State Oil’s (PSO) liabilities have ballooned to Rs. 235.22 billion as unresolved payments to refineries and fuel import orders… Read More
Foreign Investment Numbers in Pakistan Crash After 83% Drop in Profit Repatriation
Dollar outflows and the deteriorating state of the economy have made Pakistan one of the least desired moneymaking markets for… Read More
Construction Sector Feels the Heat as Steel Prices Jump 4th Time By Rs. 5,000 Per Ton
The domestic prices of steel products spiked for the fourth time in December as the menace of skyrocketing raw material… Read More
Economic Meltdown Continues to Affect USF Projects Across Pakistan
The Universal Service Fund (USF) is facing several challenges including security, equipment theft, and equipment import as a result of… Read More
Rupee Falls 7th Day in a Row Against US Dollar With Markets Unsettled
The Pakistani Rupee (PKR) fell further against the US Dollar (USD) and posted losses during intraday trade today. It depreciated… Read More
Nishat Chunian to Observe Partial Shut Down Due to Economic Crunch
Nishat Chunian Limited (PSX: NCL) is partially shutting down spindles in January 2023 amid precarious market conditions. According to a… Read More
