Pakistan and Italy reached an agreement to extend the timeline of the Pakistan-Italian Debt Swap Agreement (PIDSA) through the Exchange… Read More
Rupee Recovers Against US Dollar, Euro and UAE Dirham
The Pakistani rupee rebounded against the US Dollar during intraday trade today after opening trade at 277.35 in the interbank… Read More
After FFC and FFBL, Engro Fertilizer Hikes Urea Price by Rs. 174 per Bag
Engro Fertilizers Limited (PSX: EFERT) increased urea and DAP prices against the 5 percent federal excise duty (FED) on the… Read More
IMF Board to Meet on July 12 to Approve Initial $1.1 Billion for Pakistan
The International Monetary Fund (IMF) Executive Board will meet on 12 July to approve the disbursal of an initial tranche… Read More
Remittances Inflows from GCC Countries Continue to Slow Down
The remittance inflows from overseas Pakistanis in Gulf Cooperation Council (GCC) countries continued to fall, showcasing a 16.5 percent year-on-year… Read More
State Bank Unwilling to Identify Beneficiaries of $3 Billion TERF Loans
The State Bank of Pakistan (SBP) is unwilling to disclose a list of over 600 individuals who benefitted from the… Read More
Honeymoon Over? Rupee Crashes Against Major Currencies
The Pakistani rupee failed to maintain Tuesday’s momentum against the US Dollar during intraday trade today after opening trade at… Read More
Bank of Punjab Acquires FPJM Subsidiary for Rs. 85.48 Million
First Punjab Modaraba (PSX: FPJM) has sold its 100 percent shareholding in wholly-owned Punjab Capital Securities (Private) Limited to The… Read More
Ishaq Dar Updates US Ambassador on IMF Deal
Donald Blome, Ambassador of the United States to Pakistan called on Federal Minister for Finance and Revenue Ishaq Dar today.… Read More
Karachi-Based OBS Group Nears Deal to Acquire Bayer Assets in Pakistan
Pakistan’s OBS Group is closing in on a deal to acquire local assets of Bayer AG, a German multinational pharmaceutical… Read More
FIA, Auditor General, NAB and Military Intelligence Should Probe $3 Billion Loans Under TERF: PAC
A meeting of the Public Accounts Committee (PAC) chaired by Noor Alam Khan on demanded a joint probe by some… Read More
Tax Laws Are Hampering Development of Supply Chain Finance in Pakistan: ADB
Pakistan is the market with the highest potential in the region, however, several factors including legal framework as well as… Read More
