Pakistan’s cement industry sales in December 2022 are likely to clock in at 3,500,000-3,700,000 tons, down 20-24 percent year-on-year (YoY).… Read More
Low Forex Reserves Not My Fault But Pakistan Won’t Default: Ishaq Dar
While assuring investors that there was no chance Pakistan would default any time soon, Finance Minister Ishaq Dar played it… Read More
Gold, Naya Pakistan Certificates, US Dollar Were Best-Performing Assets in Pakistan in 2022
Amongst major asset classes widely followed by local investors and savers, gold, 1-year US$ Naya Pakistan Certificates, and US Dollar… Read More
Rupee Falls 6th Day in a Row Against US Dollar As Afghan Trade Disrupts Markets
The Pakistani Rupee (PKR) dropped further against the US Dollar (USD) and continued to post losses during intraday trade today.… Read More
Pakistan to Sell US Embassy Building to Jews Planning to Convert it into a Synagogue
Pakistan has received three bids for a building that previously housed the defense section of the country’s embassy in Washington… Read More
$2 Billion Per Month Are Being Smuggled From Pakistan to Afghanistan
Pakistan is losing US Dollars on the fly and smuggling through the Afghan transit trade is making it worse. Chairman… Read More
Rupee Drops 5th Day in a Row Against US Dollar As Pressure Mounts
The Pakistani Rupee (PKR) dropped further against the US Dollar (USD) and continued to post losses during intraday trade today.… Read More
Govt ‘Resolves’ $34 Million Google Payments Issue
The Government of Pakistan has finally resolved the issue of pending payments to Google after weeks of clearance and permission… Read More
Russia Will Export Gas to Pakistan Via Iran or Central Asia: Russian Deputy PM
Russia is open to selling natural gas to Pakistan through central Asia or Iran in the near future. While broadly… Read More
Attock Refinery Reopens Plant After Nearly 2 Weeks
Attock Refinery Limited (PSX: ATRL) has reopened its main distillation unit after being shut down for nearly two weeks. According… Read More
A Bad Year for PSX As Market Capitalization Fell by 17% in 2022
2022 was another bad year for Pakistani stocks, with the market value (market capitalization) of listed companies at PSX falling… Read More
Rupee Drops 4th Day in a Row Against US Dollar After S&P Ratings Downgrade
The Pakistani Rupee (PKR) fell against the US Dollar (USD) and posted more losses during intraday trade today. It depreciated… Read More
