The government has decided to scale back the Kamyab Pakistan Program in order to adhere to the rules of the… Read More
Rupee Gains Big Against All Currencies After Slipping to Its Lowest Since August 2020
The Pakistani Rupee appreciated today after slipping to its lowest against the US Dollar since August 2020. It gained 38… Read More
Nestle Pakistan’s Parent Company Acquires More Stake in the Company
Nestle Pakistan’s parent company bought 1.15 million shares in the company for Rs. 6.94 billion, according to a regulatory filing.… Read More
Utility Stores Corporation Orders the Dismissal of Reinstated Staff
Pakistan’s Utility Stores Corporation has issued an order authorizing the dismissal of employees that were previously reinstated under a court… Read More
Roshan Digital Account Inflows Hit $2.11 Billion
Foreign exchange inflows through the Roshan Digital Account were recorded at a total of $2.11 billion at the end of… Read More
MSCI Downgrades Pakistan to Frontier Market Status
MSCI downgraded Pakistan’s status to a frontier market from an emerging market after asserting that the country’s securities no longer… Read More
PSMA to Challenge CCP’s Rs. 44 Billion Penalty in High Court
The Pakistan Sugar Mills Association plans to challenge the fine of Rs. 44 billion imposed on it by the Competition… Read More
Finance Minister Directs Officials to Tackle Rising Energy Prices
The federal Minister for Finance and Revenue, Shaukat Tarin, has urged officials to adopt forward planning while dealing with volatile… Read More
Rupee Falls to Its Lowest Against the US Dollar Since August 2020
The Pakistani Rupee has slipped to its lowest against the US dollar since 28 August 2020. It lost 40 paisas against… Read More
Recent Price Increase in Steel Bars is Not a Conspiracy: PALSP
The Pakistan Association of Large Steel Producers rejected the Association of Builders & Developers’ accusation that a recent increase in… Read More
Petroleum Division Asks Oil Refineries to Submit Deemed Duty Audit Reports
The Petroleum Division has asked the country’s six major oil refineries to submit details of deemed duty collected on petroleum… Read More
Rupee Slips to Its Lowest Against the US Dollar in 2021
The Pakistani Rupee slipped to its lowest against the US dollar in 2021, exceeding the Rs. 167 mark today, which… Read More
