Distribution of the National Finance Commission (NFC) share from the provinces to Islamabad won’t fix Pakistan’s fiscal gap, according to… Read More
Rupee Resumes Losses Against US Dollar After Reserves Drop Near 4-Year Low
The Pakistani Rupee (PKR) resumed losses against the US Dollar (USD) and dropped further during intraday trade today. It depreciated… Read More
FIRs Registered Against Importers in Rs. 24 Crore Smartphone IMEIs Scam
Customs collectorate Islamabad has registered FIRs against two importers namely Al-Hamd Enterprises and Pak-China traders in a recently surfaced case… Read More
Govt Jacks Up OMC Margins on Petrol by 25%
The government increased margins on MS petrol for oil marketing companies (OMCs) and also hiked the petroleum development levy (PDL)… Read More
Jazz’s Parent Company is Closing in on Selling Tower Assets in Pakistan
Veon Limited, the Dutch-based operator of telecommunications networks, is close to selling its tower assets in Pakistan to a consortium… Read More
Rupee Halts 8-Day Losing Streak Against Dollar After US Interest Rate Hike
The Pakistani Rupee (PKR) halted losses against the US Dollar (USD) during intraday trade today. It stood its ground and… Read More
Millat Tractors Announces Non-Production Days
Millat Tractors Limited (MTL) has decided to halt production every Friday due to reduced demand for tractors in the country.… Read More
ENGRO to Buy Back 70 Million Shares Worth Rs. 18.8 Billion
Engro Corporation Limited (PSX: ENGRO), has announced to buy back up to 70 million of its shares worth Rs. 18.8… Read More
More Bad News For Construction Sector as Steel Prices Soar by Rs. 2,000 Per Ton
The domestic prices of steel products have once again spiked due to a sudden surge in the cost of raw… Read More
Rupee Struggles Against US Dollar 8th Day in a Row As Markets Snub IMF News
The Pakistani Rupee (PKR) stooped further against the US Dollar (USD) and posted losses during intraday trade today. It depreciated… Read More
Kohinoor Spinning Mills Closed Due to Economic Trouble
Kohinoor Spinning Mills Limited (PSX: KOSM) has decided to halt its production activities in the country. According to a stock… Read More
Dar Complains About Dollar Smuggling, Admits to “Supporting” Rupee
Ishaq Dar said US Dollars are being smuggled out of Pakistan on a massive scale, and sometimes the Government of… Read More
