The Telecom sector has warned the State Bank of Pakistan (SBP) about the unavailability of the required telecom equipment and… Read More
International Aid Not Enough to Deal With Devastating Floods: Miftah Ismail
Despite international organizations sending in millions of dollars for Pakistan in recent weeks, this level of foreign assistance hasn’t been… Read More
Petroleum Sales Drop by 22% in August
Total petroleum sales settled at 1.53 million tons in August 2022, witnessing a decrease of 22 percent Year-on-Year (YoY). According… Read More
Rupee Ends Week With Losses Against US Dollar After Bad News From IMF
The Pakistani Rupee (PKR) reversed gains against the US Dollar (USD) and posted losses during intraday trade today. It depreciated… Read More
IMF Forecasts Pakistan’s External Debt to Soar Above $140 Billion in FY23
The International Monetary Fund (IMF) has projected Pakistan’s external debt to reach $140.959 billion in 2022-23, up from $130.127 billion… Read More
Rupee Posts Modest Gains Against US Dollar After SBP Receives IMF Funds
The Pakistani Rupee (PKR) rose further against the US Dollar (USD) and posted gains during intraday trade today. It appreciated… Read More
Govt Hikes Petroleum Levy on Petrol to Historic High of Rs. 37.5 per Liter
Petroleum levy (PL) on petrol has reached a historic high of Rs. 37.50 per liter after the government jacked up… Read More
Rupee Posts Big Gains Against Major Currencies As Markets React to IMF News
The Pakistani Rupee (PKR) rose further against the US Dollar (USD) and posted gains during intraday trade today. It appreciated… Read More
Rupee Gains Big Against US Dollar After IMF Approval, Oil Prices Down On Iraq News
The Pakistani Rupee (PKR) finally halted its losing streak against the US Dollar (USD) and posted gains during intraday trade… Read More
Govt to Approve Long Term Residency Policy for Foreign Investors
The Federal Cabinet is likely to approve a policy for the grant of long-term residency to foreign investors. Sources said… Read More
Food Inflation to Surge as Agriculture Sector Takes Rs. 400 Billion Hit Due to Floods
Pakistan’s agriculture sector suffered a loss of around Rs. 400 billion as the current rains and floods have devastated major… Read More
PriceOye Raises $7.9 Million With PayPal and Tinder Founders Investing
One of Pakistan’s top online consumer electronics marketplaces, PriceOye, announced on Tuesday that it has raised $7.9 million in seed… Read More
