Power generation costs in May 2022 increased by 28 percent month-on-month (MoM) and 131 percent year-on-year (YoY) to an average… Read More
Rupee Shatters All Records Against US Dollar Despite IMF News
The Pakistani Rupee (PKR) hit a new all-time low against the US Dollar (USD) and posted losses in the interbank… Read More
Rupee Collapses As Dollar Drought and IMF Uncertainty Spoil FATF News
The Pakistani Rupee (PKR) crashed to a new all-time low against the US Dollar (USD) and posted losses in the… Read More
Karachi-Based Rider Raises $3.1 Million Funding
Karachi-based e-commerce logistics company, Rider, has secured $3.1 million in a funding round led by various investors, the company announced… Read More
FATF Announces Its Decision on Pakistan’s Grey List Status
The Financial Action Task Force (FATF) Friday said that Pakistan has substantially completed its two action plans but on-site visits… Read More
Rupee Plunges to New All-Time Low Against US Dollar Amid FATF Uncertainty
The Pakistani Rupee (PKR) crashed to a new historic low against the US Dollar (USD) and posted losses in the… Read More
US Professor Claims Inflation in Pakistan is 3.2 Times Higher Than Official Figures
Inflation is rampant everywhere and everyone is suffering from it but a new research suggests that the actual inflation rate… Read More
Rupee Shatters All Records Against US Dollar After Another Petrol Bomb
The Pakistani Rupee (PKR) crashed further against the US Dollar (USD) and posted losses in the interbank market today. It… Read More
Treasury Single Account Implementation to Affect Profitability of NBP and Askari Bank: Report
The Treasury Single Account (TSA) implementation will likely affect the profitability of the National Bank of Pakistan (NBP) and Askari… Read More
Rupee Hopelessly Plunges to Another Low Against Dollar After US Interest Rate Hike
The Pakistani Rupee (PKR) settled below its previous record low against the US Dollar (USD) and posted losses in the… Read More
OGDCL Discovers Gas Reserves in Sindh
Oil and Gas Development Company Limited (OGDCL) has discovered gas from its exploratory efforts at Umair South East-1 Well located… Read More
How Russia-Ukraine War Endangered Pakistan’s LNG Supply
While Europe’s push to boycott Russian fuel is intended to ‘discipline’ Moscow for its invasion of Ukraine, the move also… Read More
