Pakistan is scheduled to repay $10.35 billion in foreign debt over the next 6 months in order to avoid default.… Read More
Negotiations with China Over ML-1 Railway Project at Final Stage
To modernize the Pakistan Railway system under China Pakistan Economic Corridor (CPEC), the Main Line-1 (ML-1) project is in final… Read More
286.7: PKR Pushes Higher Against US Dollar 3rd Day in a Row
The Pakistani rupee rose higher against the US Dollar during intraday trade today after opening trade at 286.95 in the… Read More
Japan Extends ¥315 Million Grant to Pakistan
A signing ceremony for the Exchange of Notes and Grant Agreement between the Governments of Pakistan and Japan regarding the… Read More
Lucky Cement Moves Rs. 116 Billion Funds to Separate Capital Reserves
Lucky Cement Limited (PSX: LUCK) has decided to reclassify Rs. 116 billion from its revenue reserves to separate capital reserves… Read More
Karachi Port Terminals: UAE Takeover Deal Sent for Cabinet Approval
The Cabinet Committee on Inter-Governmental Commercial Transactions (CCoIGCT) has recommended the commercial agreement between Karachi Port Trust (KPT) and Abu… Read More
Financial Institutions Should Verify License of Lending Apps: SBP
The State Bank of Pakistan (SBP) has advised financial institutions to review the licensing status of their existing customers offering… Read More
Attock Cement Receives $11.7 Million for Sale of 9 Million Shares in Iraqi Subsidiary
Attock Cement Pakistan Limited (PSX: ACPL) has received the first tranche of $11.7 million against the sale of 9 million… Read More
ECC Approves Rs. 1.52 Per Unit Surcharge on K-Electric Consumers
The Economic Coordination Committee (ECC) has approved a surcharge of Rs. 1.52 per unit to be recovered from K-Electric Consumers… Read More
Rupee Rises 2nd Day in a Row Against US Dollar, Other Currencies
The Pakistani rupee gained further ground against the US Dollar during intraday trade today after opening trade at 287.45 in… Read More
Foreign Direct Investments Down By 21% in 11 Months of FY23
Foreign Direct Investment (FDI) has shrunk by 21 percent year-on-year (YoY) in the current fiscal year (FY) between July to… Read More
Foreign Loans Decline by 36% in 11 Months Amid IMF Holdout
Pakistan is expected to make more efforts to convince the International Monetary Fund for a bailout in Paris this week… Read More
