The government and Independent Power Producers (IPPs) are likely to reach an agreement for using 10 percent indigenous coal in… Read More
Afghan Coal Import Slows Down Due to State Bank
The import of Afghan coal is facing payment bottlenecks with receipts of letters of credit (LCs) for July and August… Read More
Pak Suzuki Suffers Biggest Ever Loss in 3 Months
Pak Suzuki Motor Company Limited (PSMC) has announced a loss after tax of Rs. 2.48 billion for the third quarter… Read More
Rupee Loses Big Against GBP, EUR, USD As Default Fears Spoil ADB News
The Pakistani Rupee (PKR) reversed its 3-day winning streak against the US Dollar (USD) and posted losses during intraday trade… Read More
Telenor Pakistan Profits Grow 10.7% in Q3 2022
Telenor Pakistan, the country’s second-largest mobile operator, reported solid performance for the quarter that ended on September 30, 2022. According… Read More
Pakistan’s Default Risk Hits 13-Year High As Investors Lose Faith
Pakistan’s default risk entered alarming new levels on Monday when the cost of ‘insuring’ its sovereign debt widened to the… Read More
Cost of Punjab Agri Project Increases by Over Rs. 15 Billion Due to Rupee’s Fall
The cost of the World Bank (WB) funded Punjab Resilient & Inclusive Agriculture Transformation (PRIAT) project has escalated by 27… Read More
FFBL Reports Massive 72% Decline in Profits During 9 Months of 2022
Fauji Fertiliser Bin Qasim Limited (FFBL) has announced the financial results for the nine months ended September 30 of the… Read More
OGDCL Profit Surges 58% to Rs. 53.3 Billion in Q1 FY2023
The Oil & Gas Development Company Limited (OGDCL) on Tuesday announced its financial results for the quarter that ended on… Read More
Rupee Gains 3rd Day in a Row As Markets Snub Dollar ‘Shortage’
The Pakistani Rupee (PKR) soared further against the US Dollar (USD) and posted gains during intraday trade today. It appreciated… Read More
KAPCO Petitions NEPRA to Renew License and Increase Tariff
Kot Addu Power Company Ltd (KAPCO) has filed a tariff petition with the National Electric Power Regulatory Authority (NEPRA) for… Read More
TRG Pakistan Sues Companies/Parties for Unlawful Acquisition
TRG Pakistan Limited has filed a lawsuit against companies/parties for unlawfully acquiring shareholdings in excess of 30 percent in the… Read More
