The Pakistani rupee (PKR) closed in red second day in a row against the US Dollar (USD) today after opening… Read More
SOEs Lose Rs. 2.2 Billion Per Day, Rs. 6 Trillion in Past 10 Years: Finance Minister
Finance Minister Muhammad Aurangzeb on Thursday said state-owned enterprises (SOEs) are incurring daily losses of Rs. 2.2 billion, with total… Read More
Rupee/$ Should Be Rs. 211 But IMF Prevents it: Tax Firm
Tax advisory firm Tola Associates claims the International Monetary Fund’s (IMF) market-based exchange rate policy has overvalued the US Dollar… Read More
MCPL to Buy 50% Hubco’s Associated Company to Strengthen Business Venture With China’s BYD
Hub Power Holdings Limited (HPHL), a wholly owned subsidiary of The Hub Power Company Limited (PSX: HUBC), has entered into… Read More
Pakistan’s Central Govt Debt Decreases by Rs. 456 Billion in October 2024
The total public debt stock of the federal government increased by 10.6 percent on a year-on-year (YoY) basis in October… Read More
Nishat Chunian Power Ltd Approves Amendments in IPP Contracts With Govt
The Board of Directors of Nishat Chunian Power Limited (PSX: NCPL) in their emergent meeting held on December 04, 2024,… Read More
Silkbank Board Approves Merger With UBL
The Board of Directors of Silkbank (PSX: SILK) has approved the amalgamation of the bank with and into United Bank… Read More
Govt Could Fail to Achieve 5 Key IMF Targets Set for December-January
The federal government could miss five key targets set under the International Monetary Fund (IMF) loan program, Finance Ministry sources… Read More
SBP Likely to Slash Policy Rate by Another 200 BPS This Month: Survey
The State Bank of Pakistan (SBP) is scheduled to hold its Monetary Policy Committee (MPC) meeting on December 16, 2024.… Read More
Wasl Investment Finance Buys Awwal Modaraba Management Company
Wasl Investment Finance has acquired Awwal Modaraba Management Company from Pak-Brunei Investment Company. Awwal oversees First Prudential Modaraba, a pioneering… Read More
Gold Price in Pakistan Records First Increase of December 2024
The price of gold in Pakistan posted its first increase in December after yesterday’s fall. According to data issued by… Read More
UBL Gets Board Approval to Merge With Silkbank
The Board of Directors of United Bank Limited (PSX: UBL) in their 252nd meeting held on Monday approved the amalgamation… Read More
