A fuel shortage is expected to hit the country as the State Bank of Pakistan SBP) has allegedly barred the… Read More
Russian Gas May Rescue Iran-Pakistan Gas Pipeline Project
The ongoing energy crunch in Pakistan may end soon if Iran taps into Russian gas for reviving the Iran-Pakistan (IP)… Read More
Rupee Halts Losing Streak Against US Dollar After Pakistan Gets $500 Million
The Pakistani Rupee (PKR) was stable against the US Dollar (USD) during intraday trade today. It was stable at market… Read More
Unemployment Crisis Set to Worsen in Pakistan
The global economic slowdown due to bottlenecks in overall growth is expected to increase unemployment in the Asia-Pacific region, with… Read More
Seedstars Launches Platform to Develop VC Managers from Pakistan and Other Emerging Markets
Seedstars has officially launched Seedstars Capital, an investment platform for emerging venture capital (VC) fund managers with the support of… Read More
Oil Prices Drop Near Lowest Levels Since January
Oil prices fell on Monday with Brent crude falling near its lowest level since January 4th, 2022. The world’s most… Read More
Rupee Drops 4th Day in a Row Against US Dollar After SBP Rate Hike
The Pakistani Rupee (PKR) dropped further against the US Dollar (USD) and posted losses during intraday trade today. It depreciated… Read More
6-Month KIBOR Surges to All-Time High of 16.81%
The 6-Month Karachi Inter-Bank Offered Rate (KIBOR), a benchmark for lending to consumers and businesses, surged by 91 basis points… Read More
Ishaq Dar’s Dubious Default Logic And What It Really Means for All of Us
Drama ensued last week when Pakistan’s benchmark 5-year Credit Default Swap (CDS) sharply reduced to 71 percent from 123 percent… Read More
KSE-100 Index Plunges After Frantic Sell-off Due to Hike in Policy Rate [Updated]
Pakistan equities witnessed a selling spree early today after the State Bank of Pakistan’s (SBP) Monetary Policy Committee (MPC) on… Read More
SBP Raises Interest Rate by 1%
The State Bank of Pakistan’s (SBP) Monetary Policy Committee (MPC) on Friday raised the policy rate by 100 basis points… Read More
Top Egyptian Company Sees Pakistan’s GDP Growth Dropping to 2.1% in FY23
Pakistan’s GDP growth is expected to slow down to 2.1 percent in the current fiscal year owing to challenging economic… Read More
