The Pakistani rupee fell sharply against the US Dollar today after opening trade at 295 in the interbank market. At… Read More
Budget Deficit Surges by 24% to Rs. 6.5 Trillion in FY23
The country’s budget deficit surged by 23.9 percent to Rs 6.521 trillion during the fiscal year 2022-23 (FY23) from Rs.… Read More
Rupee Stable At 294.9 Against US Dollar But Tipped to End Week With Losses
The Pakistani rupee marginally recovered from its 3-day losing streak against the US Dollar today after opening trade at 289… Read More
Allied Bank’s Profit Surges by 158% in H1 2023 Amid Staggering Q2 Gains
Allied Bank Limited (PSX: ABL) reported a massive profit growth of 158 percent year-on-year (YoY) in the first half of… Read More
Mutual Funds’ Assets Grow 40% In July Amid High Returns
The assets under mutual funds grew significantly by 40 percent in July year-on-year due to attractive profit rates of over… Read More
World Bank Rates $300 Million ‘Third Punjab Education Sector Project’ As Highly Relevant
The Independent Evaluation Group (IEG) of the World Bank has rated the “Third Punjab Education Sector Project” worth $300 million… Read More
France Allocates €3 Million for Pakistan’s Flood-Hit Areas
The Government of France has allocated 3 million euros (nearly $3.27 million) to support UNICEF’s humanitarian response in flood-affected areas… Read More
Latest Petrol Bomb Fuels Inflation Fears in Pakistan
Pakistan’s inflation is expected to remain sticky beyond mid-August and into September on rising petrol and diesel rates, reigniting cost… Read More
Rupee Continues to Nosedive Crashing Below 294 During Intraday Trade [Updated]
The Pakistani rupee crashed below 294 during intraday trade today on Wednesday, its lowest-ever drop against the US Dollar since… Read More
Dollar Shortage Brings Key industries To Their Knees in Pakistan
Pakistan’s chokehold on its forex reserves may keep the rupee steady for now, but it is hurting local and foreign… Read More
Supernet Subsidiary Completes Purchase of Listed Shares to Go Public
Supernet Infrastructure Solutions (Private) Limited has bought majority shares in Hallmark Company Limited (PSX: HCL) to become a publicly traded… Read More
Rupee Plunges As US Dollar Globally Hits Highest Level Since July, Brent Down
The Pakistani rupee fell 3rd day in a row against the US Dollar and slipped below 290 during intraday trade… Read More
