The telecommunication industry faced losses that eclipsed over Rs. 17 billion during recent floods in the country. Sources told ProPakistani… Read More
Rupee Tumbles 4th Day in a Row After Govt Loses Elections, Dar Seeks Cash Relief
The Pakistani Rupee (PKR) shed last week’s gains against the US Dollar (USD) and posted losses today. It depreciated by… Read More
Depth of Crisis in Pakistan Greater Than 2005 Earthquake And 2010 Floods: World Bank
“The depth of the crisis in Pakistan is unprecedented and from the initial damage assessments, the scale of the disaster… Read More
Banks to Earn 93% More Thanks to Lower Taxes and Better Margins
Bank earnings are projected to increase by 93 percent on a quarter-on-quarter (QoQ) basis on forecasts of improved interest income… Read More
Pakistan Likely to Exit FATF Grey List By the End of This Week
Pakistan is set to leave the Financial Action Task Force (FATF) grey list on October 21 after topping the dreaded… Read More
Off the RaDar: Rupee Slides 3rd Day in a Row As Uncertainty Rattles Markets
The Pakistani Rupee (PKR) continued to lose against the US Dollar (USD) and posted losses today. It depreciated by 0.02… Read More
IMF Officials to Visit Pakistan in November For Next Review and Tranche
The International Monetary Fund (IMF) recognizes the need to update its figures and listen to the Government of Pakistan to… Read More
Ishaq Dar Holds Productive Sessions with Donors in Washington
The International Monetary Fund (IMF) has appreciated Pakistan’s policies and assured its continued support to the country. Federal Minister for… Read More
Rupee Extends Losses Against US Dollar With Dar Out of the Country
The Pakistani Rupee (PKR) continued to lose against the US Dollar (USD) and posted losses today. It depreciated by 0.23… Read More
Crescent Steel Issues Rs. 800 Million Sukuk For Enhancing Capital Working Requirements
Crescent Steel & Allied Products Limited (CSAP) has issued a Rs. 800 million untradeable Sukuk payable within three years. In… Read More
Ticking Time Bomb – Pakistan’s Bonds Are Falling And ‘The Worst is Yet to Come’
Pakistan’s US Dollar denominated Eurobonds are falling as the country’s ongoing problems are compounded by recent floods estimated to cost… Read More
Rupee Halts 13-Day Winning Streak Against US Dollar On IMF Inflation Forecast
The Pakistani Rupee (PKR) ended its winning streak against the US Dollar (USD) and posted losses today. It depreciated by… Read More
