The Monetary Policy Committee of the State Bank of Pakistan (SBP) will meet on Friday, November 25, 2022, in Karachi… Read More
Rupee Ends 7-Day Losing Streak Against US Dollar After Oil Drop, Political Clarity
The Pakistani Rupee (PKR) rebounded against the US Dollar (USD) and posted gains during intraday trade today. It appreciated by… Read More
Tariffs on New Solar Plants to be Adjusted Annually
Tariffs on new solar power plants will be adjusted annually rather than quarterly in order to offset exchange rate movements.… Read More
Amid Economic Crisis, Telcos Push to Delay 5G Launch in Pakistan
The launch of 5G network services in the country has seemingly been delayed as mobile companies have expressed a lack… Read More
Dawood Hercules Adopts Resolution to Invest Rs. 5.35 Billion in Associated Companies
Dawood Hercules Corporation (DAWH) Limited will invest up to Rs. 5.35 billion in the shares of associated companies. According to… Read More
Pakistan is Now Over 92% More Likely to Default on its Debt
Pakistan’s chances of defaulting on its debt have reached alarming new levels, with the cost of ‘insuring’ the country’s sovereign… Read More
US Dollar Up 7th Day in a Row Against Rupee After ‘LegenDary’ News
The Pakistani Rupee (PKR) was all red against the US Dollar (USD) and posted losses during intraday trade today. It… Read More
External Debt Drops Below $130 Billion Owing to Debt Repayments, Less Borrowing
Pakistan’s gross external debt was squeezed by $3.28 billion from $130.196 billion to $126.91 billion mainly due to high repayments… Read More
US Dollar Rises 6th Day in a Row Against PKR After IMF News
The Pakistani Rupee (PKR) was bearish against the US Dollar (USD) and posted losses during intraday trade today. It depreciated… Read More
Telecom CEOs Blame Finance Division, FBR, SBP for Pushing Country Towards Dark Age
Chief Executive Officers of the telecom companies have informed Federal Minister IT Syed Aminul Haq about their concerns regarding government… Read More
Senior Hajj Directorate Officer Flees to Canada After Embezzling Rs. 44.6 Million
A senior officer of the Directorate General of Hajj in Jeddah was dismissed from service on embezzlement of Rs. 44.646… Read More
OGRA Denies Rumors of Fuel Shortage in Pakistan
Pakistan has enough fuel stockpiled to last a little over three weeks until the need arises to maintain tabled production.… Read More
