Pakistan’s market performance in 2023 will continue to remain dull mainly due to Pakistan’s external debt repayment crisis and increased… Read More
Globe Residency REIT Raises Rs. 388 Million
Pakistan’s first Development Real Estate Investment Trust Globe Residency REIT (GRR) garnered an overwhelming response in its public offering. Javedan… Read More
US Dollar Rises Above 225 Against PKR As Uncertainty Rattles Market
The Pakistani Rupee (PKR) was bearish against the US Dollar (USD) and posted losses during intraday trade today. It depreciated… Read More
Electricity Generation Costs Drop by 34% to Rs. 6/kWh in Nov as Public Eagerly Awaits Relief
Power generation in the country went down by 22 percent on a month-on-month (MoM) basis to 8,367 gigawatts per hour… Read More
PSX Loses Over 1,100 Points As Political Uncertainty Unnerves Investors [Updated]
Bears ran riot at Pakistan Stock Exchange (PSX) as equities witnessed a panic-struck selling spree during the early hours of… Read More
PM Orders to Increase Tax Collection Target by 22% Within 6 Months
Prime Minister Shehbaz Sharif has ordered the Federal Board of Revenue (FBR) to collect Rs. 7.6 trillion in taxes by… Read More
Rupee Stable At Rs. 224.93 Against US Dollar But Uncertainty, Politics Hurting Markets
The Pakistani Rupee (PKR) was stable against the US Dollar (USD) and halted losses during intraday trade today. It held… Read More
Govt May Hike Levy on Diesel to Rs. 50/Liter on January 1
The government is unlikely to provide relief to diesel consumers as it may raise the rate of the petroleum development… Read More
NBP Suspends Thousands of Pensioner Accounts Temporarily
The National Bank of Pakistan (NBP) has temporarily closed the accounts of thousands of pensioners to biometrically verify all account… Read More
Pakistan to Import 20,000 Tons of Gas to Address Shortage
Pakistan’s energy crisis is expected to cool off soon following another effort by the South Asian nation to import additional… Read More
Pakistan Finally Devises an Energy Saving Plan to Save The Economy
Pakistan aims to enhance energy efficiency by ensuring cost-effective measures such as shifting public/private buildings to solar, working on electric… Read More
Pending LCs to be Cleared after Consultation with Commerce Ministry: SBP Governor
The State Bank of Pakistan (SBP) has cleared 30,000 pending cases of letters of credit (LCs) and others will be… Read More
