The government late on Wednesday announced an increase in the prices of petroleum products for the third time since May… Read More
IMF Refuses to Extend $6 Billion Programme Until Petrol and Electricity Subsidy is Removed
The International Monetary Fund (IMF) Wednesday delayed the revival of the stalled $6-billion programme for Pakistan. The global lender said… Read More
Impact of Govt Ban on Imports Will be Merely $247 Million
The monthly impact of the ban on the import of 38 non-essential luxury items under an emergency economic plan announced… Read More
Rupee Breaks All-Time Record to Continue Slide Towards 200 Against US Dollar
The Pakistani Rupee (PKR) continued its decline against the US dollar, slipping to an all-time low for the fourth consecutive… Read More
Pakistan’s Forex Reserves Slump to 28-Month Low
Pakistan’s liquid foreign reserves witnessed an outflow of $178 million in the week that ended on May 6, 2022, depicting… Read More
Rupee Crashes to Record Low, Dropping Rs. 8.84 Against US Dollar Under New Govt
The Pakistani Rupee (PKR) continued its losing streak against the US dollar to reach an all-time low of Rs. 191.77.… Read More
Rupee Crashes Below 190 Against US Dollar for the First Time in History
The Pakistani Rupee (PKR) continued its collapse against the US Dollar (USD) to reach an all-time low of Rs. 190.02.… Read More
Rupee Crashes to All-Time Low Against US Dollar Due to IMF Bailout Uncertainty
The Pakistani Rupee (PKR) continued its fall against the US Dollar (USD) on Tuesday and reported losses in the interbank… Read More
Rupee Crashes Against US Dollar After Eid Holidays
The Pakistani Rupee (PKR) continued its fall against the US Dollar (USD) as it breached the Rs. 186 mark following… Read More
Oil Prices Near $100 as Russia-Ukraine Crisis Worsens
Oil prices jumped to another high on Tuesday as the crisis between Russia and Ukraine deepened. Russian President Vladimir Putin,… Read More
Pakistan’s Business Optimism Index Takes a Big Hit
Business optimism has declined across the board in Pakistan, with the trading sector registering the biggest decline in optimism. This… Read More
Pakistan Receives $1 billion of Sukuk Proceeds
The Government of Pakistan has successfully raised $1 billion through the issuance of International Sukuk. According to a press release… Read More
