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
Zindigi Introduces the First-Ever AI-Driven Instant Micro Loan, Offering Upto PKR 100,000
Zindigi, powered by JS Bank, dedicated to simplifying lives and reshaping the financial world, carries on its legacy of convenience… Read More
Rates of Profit On National Savings Schemes Decreased Again
The government has decreased the rates of profit on national savings certificates and schemes by up to 72 bps. This… Read More
Typhoon Trip: Pak Rupee is Down 165% Since 2018 And Another 10% Crash is Next
The Pakistani rupee (PKR) has been one of the hardest-hit currencies globally. From a low of 105.18 in 2018, it… Read More
Rupee Falls But Manages to Stay At 279 Against US Dollar
The Pakistani rupee posted losses against the US Dollar today after opening trade at 281 in the interbank market. It… Read More
Foreign Investment Outflow Hits 5-Year High in Pakistan
Pakistan witnessed net outflow of $173 million in January 2024, compared to $237 million in the same period last year.… Read More
The Complete Story: SadaPay-Papara Deal and Actual Reasons Behind Devaluation
The recent news of SadaPay’s acquisition by Turkish fintech giant Papara for less than $50 million has caused significant reactions within… Read More
Pakistan’s Real Effective Exchange Rate Spikes by 2.94% in January
Pakistan’s Real Effective Exchange Rate (REER) increased by 2.9 percentage points to 101.7 in January 2024. According to the latest… Read More
IMF Asks Pakistan to Be More Transparent About its Development Spending
The International Monetary Fund (IMF) has raised concerns about the lack of transparency surrounding projects included in the Annual Development… Read More
