Pakistan borrowed $6.306 billion from multiple financing sources during the first seven months (July-January) of the current fiscal year 2023-24… Read More
Pakistan Cables Ltd to Sell Property for Loan Repayment and Relocation
The Board of Directors of Pakistan Cables Limited (PSX: PCAL) has approved the sale of 4.334 acres out of roughly… Read More
Bad News Coming for Pensioners and Serving Employees
The government has decided to trim pension payouts and raise the retirement age from 60 to 62 for Islamabad police… Read More
Finance Ministry Sets Ambitious Targets to Unlock New And Much Bigger IMF Program
The Ministry of Finance has outlined new and ambitious targets aimed at bolstering Pakistan’s economic landscape with a bigger bailout… Read More
Fauji Fertilizer Bin Qasim Suddenly Increases Urea Rates 2nd Time This Week
Fauji Fertilizer Bin Qasim Ltd (PSX: FFBL) has increased urea prices by Rs. 158 per bag. FFBL’s new Urea price… Read More
IMF Tight-Lipped on Imran Khan’s Audit Demand
The International Monetary Fund (IMF) has refused to comment on Pakistan Tehreek-e-Insaf’s (PTI) founder Imran Khan writing a letter to… Read More
Pak Rupee Rises 2nd Day in a Row Against US Dollar
The Pakistani rupee rose second day in a row against the US Dollar today after opening trade at 279 in… Read More
Ghani Chemical Industries Ltd Raises Rs. 800 Million From Privately Placed Sukuk
Ghani Chemical Industries Limited (PSX: GCIL) has received financing in the form of privately placed and secured long-term Islamic certificate… Read More
Finance Division Wants Bank Guarantees for Settlement of Cnergyico’s Unpaid Petroleum Levy
The Finance Division has instructed Cnergyico Pk Limited to furnish bank guarantees to settle Rs. 47.5 billion in petroleum levy… Read More
Toyota IMC to Invest Rs. 3 Billion in Local Production of Auto Parts
The Board of Directors of Indus Motor Company Limited (PSX: INDU) has approved an investment of around Rs. 3 billion… Read More
Rupee Recovers Against US Dollar After Late Night Surprise
The Pakistani reversed losses against the US Dollar today after opening trade at 280 in the interbank market following some… Read More
UBL to Inject Another Rs. 1 Billion in Currency Exchange Subsidiary
The Board of Directors of United Bank Limited (PSX: UBL) has approved an investment of Rs. 1 billion in its… Read More
