The government has decided to increase the number of shrimp farms from 3,500 to 10,600 under the revised pilot shrimp… Read More
US Dollar Rises 5th Day in a Row Against PKR As IMF Uncertainty, Default Woes Stir Panic
The Pakistani Rupee (PKR) was bearish against the US Dollar (USD) and posted losses during intraday trade today. It depreciated… Read More
Prime International Oil & Gas Company to Acquire Eni Pakistan Limited
A Joint Venture (JV) between Hub Power Holdings Limited and Eni’s Employee Buy-out Group is acquiring 100 percent shareholding of… Read More
Honda Reports a Huge Loss of Rs. 385.28 Million in Q2 FY 2023
Honda Atlas Cars Pakistan Ltd. (HCAR) has announced its financial results for the second quarter that ended September 30, 2022.… Read More
US Dollar Rises Above 222 Against PKR With Pakistan Slowly Edging Towards Default
The Pakistani Rupee (PKR) dropped further against the US Dollar (USD) and posted losses during intraday trade today. It depreciated… Read More
FBR Fixes $30,000/Person Yearly Maximum Currency Limit for Overseas Travel
The Federal Board of Revenue (FBR) has fixed a maximum limit of US$5,000 (per visit) and US$30,000 (annual) per passenger… Read More
Govt ‘Pardons’ Car Makers for Carelessly Importing Thousands of Vehicles
The Ministry of Industries & Production gave a clean chit to the companies/manufacturers/assemblers companies while saying that none of the… Read More
Pakistan’s Food Sector Has Outperformed KSE-100 in Last 12 Months
The food sector has outperformed the benchmark KSE-100 index by around 13 percent in the last 12 months owing to… Read More
Pakistan is Getting Dangerously Close to Defaulting
Despite Ishaq Dar’s repeated assurances for Pakistan’s economy to survive this fiscal year’s spiraling money crunch, default risk entered alarming… Read More
TPL RMC and UAE-Based Telco Want to Buy Telecom Towers in Pakistan
TPL REIT Management Company Limited (TPL RMC) and UAE-based mobile telecom operator TASC Towers have made a bid for a… Read More
Rupee Loses 3rd Day in a Row Against US Dollar As Default Fears Rattle Market
The Pakistani Rupee (PKR) continued to lose ground against the US Dollar (USD) and posted losses during intraday trade today.… Read More
Investors Afraid as Pakistan’s Default Risk Rises Further
Pakistan’s default risk entered alarming new levels this week as the cost of ‘insuring’ the country’s sovereign debt shot up,… Read More
