The Pakistani Rupee (PKR) reversed losses against the US Dollar (USD) and posted gains during intraday trade today. It appreciated… Read More
Chinese Firm Sets Tight Conditions for Switching to Thar Coal
CHIC Pak Power Company (Pvt) Limited (CPPCL) has set tight conditions to switch the 330-MW Gwadar power plant to Thar… Read More
OGDCL and PPL to Participate in Reko Diq Project
Oil and Gas Development Company Limited (OGDCL), Pakistan Petroleum Limited (PPL), and Government Holdings Private Limited (GHPL) as State-Owned Enterprises… Read More
High Taxes Hurt KSE-100 Profitability in Q1 FY2023
Despite high tax rates being the highlight of a tumultuous start to the new financial year, the KSE-100 still managed… Read More
Pakistan’s Real Effective Exchange Rate Drops to 90.9 in September
Pakistan’s Real Effective Exchange Rate (REER) decreased by 3.7 percent to 90.9 in August 2022. According to the latest monthly… Read More
Rupee Drops Below 222 Against US Dollar, Market Outlook Grim As Politics Intensify
The Pakistani Rupee (PKR) slid further against the US Dollar (USD) and posted losses during intraday trade today. It depreciated… Read More
New Planning Ministry Report Estimates Flood Damages and Losses At $30 Billion
Flood damages are estimated to exceed USD 14.9 billion, and total economic losses may reach about USD 15.2 billion, totaling… Read More
Zameen.com’s Parent Group Raises $200 Million Funding to Expand Platform
EMPG, the Dubai-based unicorn that owns and operates Zameen.com in Pakistan, announced the closing of a $200 million investment round… Read More
Rupee Plunges 2nd Day in a Row As Political Turmoil Rattles Market
The Pakistani Rupee (PKR) lost further against the US Dollar (USD) and posted losses during intraday trade today. It depreciated… Read More
Toyota IMC’s Profit Sees Massive 76% Decline in Q1 FY2023 Vs. Last Year
Toyota Indus Motor Company (IMC) Limited has posted a profit of Rs. 1.297 billion for the first quarter that ended… Read More
Machinery Import Restrictions are Hampering Exporters in Pakistan: WB Economist
The deceleration in trade is due to bottlenecks in activity, and restrictions to imports especially of machinery and spare parts… Read More
Prime Minister’s Upcoming China Visit to Speed Up CPEC Development
Prime Minister Shehbaz Sharif will go to China next week to discuss various projects, including measures to fast-track the development… Read More
