The Pakistani Rupee (PKR) slid further against the US Dollar (USD) and posted big losses during intraday trade today. It… Read More
Dollar Interbank-Open Market Gap Here to Stay — At Least For Now
The gap between interbank and open market rates has cautioned money changers about an imminent currency bedlam that could arise… Read More
Rupee Crashes 4th Day in a Row As Dollar Shortage Disrupts Currency Market
The Pakistani Rupee (PKR) collapsed further against the US Dollar (USD) and posted losses during intraday trade today. It depreciated… Read More
Karachi’s SnappRetail Raises $2.5 Million in Pre-Seed Funding
In a market where traders and consumer outlets have recently struggled to conduct business, Karachi-based SnappRetail announced today that it… Read More
Pakistani Startups Have Raised Over $320 Million in 2022 So Far
Pakistani startups raised $322 million through 48 high-profile rounds during the calendar year (CY) 2022 to date. Kalsoom Lakhani, General… Read More
UAE’s TruKKer Raises $100 Million in Final Funding Round Ahead of IPO
TruKKer, a UAE-based freight logistics company, has raised $100 million ahead of a planned Initial Public Offering (IPO). According to… Read More
Rupee Falls Sharply Against Major Currencies As Economic Woes Intensify
The Pakistani Rupee (PKR) crashed against the US Dollar (USD) and posted huge losses during intraday trade today. It depreciated… Read More
Petrol Stations No Longer Accepting Debit/Credit Cards for Payment
The majority of fuel stations under Oil Market Companies (OMCs) have reportedly stopped accepting payment via credit/debit cards for petrol… Read More
Moody’s Rates IMF Bailout Revival As Credit Positive for Pakistan
The International Monetary Fund’s (IMF) approval of a $1.1 billion disbursement and loan programme enhancement, is a credit positive for… Read More
Pakistan’s Dollar Bonds Down As Devastating Floods Hit Economic Outlook
Pakistan’s dollar bonds fell to their lowest level in more than a month as the economy struggles to recover from… Read More
Telecom Sector Hit Hard by Rupee Devaluation and Inflation Hike: IT Ministry
The Ministry of Information Technology and Telecommunication (MoITT) has admitted that the Telecom industry is key to digitalization in Pakistan,… Read More
Rupee Loses Big Against US Dollar As Political and Economic Risks Rattle Markets
The Pakistani Rupee (PKR) dropped further against the US Dollar (USD) and posted losses during intraday trade today. It depreciated… Read More
