Pakistan plans to raise as much as $1.5 billion by issuing international Islamic bonds in October, a national daily reported.… Read More
Rupee Drops Against the US Dollar Again After Brief Respite
The Pakistani rupee depreciated by 53 paisas against the US dollar on Monday to close at 168.72. It lost just… Read More
Govt to Pay Off $1.4 Billion in Accounts Payable to Chinese CPEC Investors
The government is aiming to partially pay off about $1.4 billion in accounts payable to Chinese companies that invested in… Read More
SBP Increases Policy Rate by 0.25%
The State Bank of Pakistan’s (SBP) Monetary Policy Committee (MPC) on Monday raised the policy rate by 25 basis points… Read More
Foreign Direct Investment Dropped by 20.3% in July-August 2021
Pakistan’s foreign direct investment fell by 20.3 percent year-over-year to $203.1 million in July and August due to pandemic-linked travel… Read More
EdTech Startup Maqsad Wins $2.1 Million in Pre-Seed Funding
An online education startup called Maqsad has won $2.1 million in pre-seed funding, which it plans to use to develop… Read More
President Alvi Directs Banks to Compensate Customers for Losing Rs. 1.2 Million
President Arif Alvi approved the Banking Mohtasib’s decision that complainants who filed cases against two banks for misusing their funds… Read More
Govt to Grant FBR Full Operational and Financial Autonomy: Finance Minister
The government is fully committed to granting operational and financial autonomy to the Federal Board of Revenue (FBR) in order… Read More
Rupee Maintains Position Against the US Dollar as Markets Calm Following SBP Warning
The Pakistani rupee (PKR) depreciated by one paisa against the US dollar (USD) on Friday to close at 168.19. Yesterday,… Read More
Unemployment Rate Increased to 6.9% in 2018-19: PBS
Pakistan’s unemployment rate jumped to 6.9 percent in 2018-19, from 5.8 percent in 2017-18, according to the Pakistan Bureau of… Read More
Pakistan’s Current Account Deficit During August 2021 Raises Alarms
Pakistan’s current account recorded a huge deficit of $1.48 billion in August, as imports rise and the country’s trade gap… Read More
Third LNG Terminal at Port Qasim Will Solve Pakistan’s Gas Shortage: SSGCL Director
The Managing Director of the Sui Southern Gas Company Limited, Imran Maniar, has stated that the third liquefied natural gas… Read More
