Pakistan is stuck in a cycle of repeated external crises owing to distortions such as under-taxed real estate, import duties… Read More
Pakistan’s Cotton Production Falls Dramatically Yet Again
Pakistan’s cotton output decreased by over 40 percent year-on-year (YoY), according to the latest fortnightly data released by the Pakistan… Read More
Countrywide Broadband Services to Suffer as SBP Delays Equipment Import
Broadband services in the country are likely to suffer with the State Bank of Pakistan’s (SBP) embargo on letters of… Read More
Engro Corp Wants to Get into Pakistan’s Telco Tower Business
Pakistan’s top-tier conglomerate, Engro Corporation Limited (PSX: ENGRO), is working on investing in the country’s tower infrastructure sector. According to… Read More
Rupee Loses Big Against British Pound, Euro Ahead of Tricky $1 Billion Bond Payment
The Pakistani Rupee (PKR) was stable against the US Dollar (USD) during intraday trade today. It closed at Rs. 223.69… Read More
As Feared, Google Suspends Carrier Paid Apps for Pakistani Users
Despite repeated assurances from the Ministry of IT and Telecom, Google has suspended carrier-paid apps in Pakistan on nonpayment of… Read More
Rupee Rises Against US Dollar As REER Spikes Above 100
The Pakistani Rupee (PKR) recovered against the US Dollar (USD) and posted gains during intraday trade today. It appreciated by… Read More
Public Receives Warning as Chicken and Egg Shortage to Start Soon
The poultry industry is facing an imminent feed crisis with the government and importers at each other’s throats over the… Read More
Russia Refuses to Sell Cheap Oil to Pakistan
Pakistan is currently seeking a 30-40 percent discount on crude oil from Russia, with the latter reportedly unwilling to offer… Read More
Pakistan’s Real Effective Exchange Rate Spikes Above 100 in October
Pakistan’s Real Effective Exchange Rate (REER) increased by 10.7 percent to 100.4 in October 2022. According to the latest monthly… Read More
Rupee Stable Against US Dollar 2nd Day in a Row, Oil Prices Jump on OPEC News
The Pakistani Rupee (PKR) was stable against the US Dollar (USD) during intraday trade today. It was stable at market… Read More
Mufti Taqi Usmani Says All Religious Sects Demand an End to Interest-Based Banking System
Interest-based banking is apparently a menace and should be removed entirely from the country’s banking sector. Mufti Taqi Usmani, a… Read More
