The Pakistan Rupee continued its downward movement against the US Dollar in the currency market throughout this week. PKR deteriorated… Read More
Here’s How Much the Govt Has Borrowed from Commercial Banks in FY2021
The government’s borrowings from the banking sector increased to Rs. 1.821 trillion in over nine months of the current fiscal… Read More
Rupee Suffers Huge Losses Against All Major Currencies
The Pakistan Rupee continued its downward movement against the US Dollar in the currency market on the fourth day of… Read More
Bank Alfalah Posts 23% Higher Profits Than Last Year
Bank Alfalah Limited announced its financial results for the first quarter ended March 31, 2021. The Bank posted a profit… Read More
Ashmore Funds Planning to Sell Shares from Pakistan Coca-Cola Can Maker in an IPO
A group of funds managed by Ashmore Investment Management Ltd. is planning to hold an initial public offering in June… Read More
Power Circular Debt Will Now be Reported Monthly
The Power Division has introduced monthly circular debt reporting to research and report the factors responsible for its accumulation. Federal… Read More
DEG Re-Enters Pakistan Insurance Market through Stake in TPL Insurance
Deutsche Investitions-und Entwicklungsgesellschaft mbH (DEG), a wholly-owned subsidiary of KfW Group based in Cologne, Germany, has acquired a 19.9 percent… Read More
Engro’s New Petrochemical Project to Create Thousands of Jobs
Engro Corporation’s upcoming project of greenfield petrochemical integrated complex polypropylene will generate employment opportunities for over 50,000 persons. This upcoming… Read More
Rupee Posts A Big Loss Against the US Dollar 3rd Day in a Row
The Pakistan Rupee continued its downward movement against the US Dollar in the currency market on the third day of… Read More
P@SHA Issues Report on Impact of Removal of Income Tax Exemptions on IT Companies
Pakistan Software Houses Association for IT and ITeS (P@SHA) has released a detailed report on the impacts of removal of… Read More
SBP Develops Mechanism for Payment of Markup Subsidy for Housing Finance
The State Bank of Pakistan (SBP) has developed a complete mechanism for payment of markup subsidy for housing finance. The… Read More
Pakistan Overtakes India in Apparel Exports to the US
Pakistan performed better than India in apparel exports to the United States in February 2021, Express Tribune reported on Wednesday.… Read More
