The closure of the existing floating storage and regasification unit (FSRU) at Engro LNG Terminal for dry-docking has brought on… Read More
Rupee Reverses Losses With Big Gains Against All Major Currencies
Today, the Pakistani Rupee (PKR) turned its direction in the interbank currency market once again and posted notable gains against… Read More
SSGC Proposes Increase in Gas Prices for FY21-22
Sui Southern Gas Company (SSGC) has proposed to increase gas prices by Rs. 109.78 per mmbtu, to charge Rs. 789.24… Read More
Repatriated Profits and Dividends Show 23% Increase During July-May
The repatriated profits on foreign investments in Pakistan increased by 23 percent to $1,496 million during July 2020-May 2021, from… Read More
Parliamentary Committee is Displeased Due to Low Exports
The Senate Standing Committee on Commerce expressed annoyance with the Ministry of Commerce over stagnant export proceeds of Pakistan in… Read More
Rupee Restarts Losing Streak Against the US Dollar With Another Big Dip
The Pakistani Rupee (PKR) resumed its fall against the US Dollar (USD) after posting improvements in the last two days… Read More
Pakistani Glass Maker Signs MoU to Setup a Plant in Europe
Ghani Global Glass Limited (GGGL) had signed a memorandum of understanding (MoU) with an Eastern European company for the setup… Read More
IMF’s New SDR Allocation Will Improve Pakistan’s Reserves: Fitch Ratings
The expected new allocation of special drawing rights (SDR) by the IMF could bolster Pakistan’s reserves of $2.8 billion, Fitch… Read More
For the First Time in Weeks, Rupee Improves Against US Dollar Two Days in A Row
The Pakistani Rupee finally appreciated against the US Dollar in the international currency market yesterday after weeks of deterioration. Today’s… Read More
FATF Announces Its Decision on Pakistan’s Grey List Status
The Plenary meetings of the FATF were held virtually from 21-25 June 2021, where its members discussed a range of… Read More
MSCI Proposes Downgrading Pakistan from Emerging Markets To Frontier Markets
Morgan Stanley Capital International (MSCI) today announced the launch of a consultation on a proposal for potential reclassification and downgrading… Read More
SBP Reserves Fall by $311 Million in One Week
The foreign exchange reserves held by the State Bank of Pakistan (SBP) had decreased by 1.89 percent during the week… Read More
