Going by the metric of rising against the US Dollar (USD) in the international currency market, the Pakistani Rupee (PKR)… Read More
Pakistani Rupee Makes Another Big Jump Against the US Dollar
Pakistani Rupee continued its upward movement against the US Dollar on the third day of the week. The Rupee gained… Read More
Pakistan Receives Record Number of Spot Tender Bids for LNG
Pakistan LNG Limited (PLL) has finalized the lowest bids ranging from $6.7/MMBtu to $6.925/MMBtu for eight LNG cargoes. These eight… Read More
Pakistan Raises $2.5 Billion as Eurobonds Get Oversubscribed by 2 Times
Pakistan’s dollar-denominated Eurobonds have been oversubscribed by almost two times, and the dollar bonds of five, ten, and thirty years… Read More
Rupee Posts One of Its Biggest Gains Against the US Dollar in 2021
Pakistani Rupee continued its appreciation against the US Dollar on the second day of the week. The rupee opened the… Read More
Govt Takes A Big Decision Prior to Paying IPPs Under Revised Agreements
In a bold decision, the federal government has decided to hold back payments of Rs. 400 billion to independent power… Read More
Pakistan Starts Marketing Dollar Bond Following IMF Bailout Resumption
Pakistan has kicked off a dollar bond offering that will be a key test of investor sentiment after the resumption of… Read More
Cars to Get Cheaper in Pakistan After June
The government is considering abolishing 7 percent Additional Customs Duty (ACD) on the auto sector in the next federal budget… Read More
Hammad Azhar to Replace Hafeez Shaikh as Finance Minister
The Federal Government has reportedly decided to replace Finance Minister Abdul Hafeez Shaikh and appoint the current Federal Minister for… Read More
SBP Clarifies the Draft Amendment Act on Central Bank’s Autonomy
The State Bank of Pakistan (SBP) finally held a virtual press briefing of SBP Governor and Officials on the draft… Read More
Rupee Rises to Its Highest Value Against the US Dollar Since Mid-2019
Pakistani Rupee continued its appreciation against the US Dollar on Monday. The Rupee (PKR) opened the week with a gain… Read More
Audit Report Reveals USC Paid Millions to 2,094 Ghost Employees
An audit of USC for the previous fiscal year has revealed that there are 9,756 employees working in the Utility… Read More
