The Pakistani Rupee (PKR) continued to lose ground against the US Dollar (USD) and posted losses during intraday trade today.… Read More
Pakistan Suffers $10 Billion Hit Due to Ongoing Floods
This year’s ravaging monsoon floods have desecrated the world’s fifth most populous nation with an economic hit in excess of… Read More
Rupee Falls Against US Dollar 5th Day in a Row As More Uncertainty Spoils Saudi News
The Pakistani Rupee (PKR) slid further against the US Dollar (USD) and posted losses during intraday trade today. It depreciated… Read More
IMF Contingency Plan: Govt to Increase Fuel Taxes If Revenue Data Underperforms
The Government of Pakistan will initially impose a 10.5 percent General Sales Tax (GST) on petroleum products and increase it… Read More
MOL Group Encounters More Gas and Condensate in Kohat After Additional Testing
MOL Group with Pakistan Oil Fields Limited (POL) has encountered more hydrocarbons as a result of Drill Stem Tests (DST)… Read More
Rupee Drops Further As Dollar ‘Dominance’ and Economic Uncertainty Rattle Markets
The Pakistani Rupee (PKR) dropped further against the US Dollar (USD) and posted losses during intraday trade today. It depreciated… Read More
Russia Offers Massive Oil Discount to Asian Countries as US, EU Provoke Moscow
Russia has contacted several Asian countries to discuss possible long-term oil contracts at discounted prices as the United States continues… Read More
PIA Posts Staggering Loss of Over Rs. 43 Billion in H1 2022
Pakistan International Airlines Corporation Limited (PIACL) has announced its financial results for the half-year ended 30 June 2022. It has… Read More
Pakistan’s Real Effective Exchange Rate Falls to 93.2 in July
Pakistan’s Real Effective Exchange Rate (REER) decreased by 0.85 percent to 93.2 in July 2022. According to the latest monthly… Read More
Rupee Slides Against Major Currencies As Oil Prices Rise Back Above $100 per Barrel
The Pakistani Rupee (PKR) slid further against the US Dollar (USD) and posted losses during intraday trade today. It depreciated… Read More
IT Exports Decline by 15% to $199 Million in July
The IT and IT-enabled Services (ITeS) export remittances comprising computer services and call center services declined by 15 percent month-on-month… Read More
Rupee Drops Further As Oil Prices and Politics Spoil Qatari Investment News
The Pakistani Rupee (PKR) dropped further against the US Dollar (USD) and posted losses during intraday trade today. It depreciated… Read More
