Lotte Chemical Corporation (LCC Korea) has signed an Assignment and Assumption Agreement for the sale of over 1.13 billion ordinary… Read More
SBP to Work With Stakeholders to Resolve Issue of Retention of 35% IT Export Proceeds
The State Bank of Pakistan (SBP) will coordinate to engage commercial bank representatives with Pakistan Software Export Bard (PSEB) and… Read More
Inflation Gives Eastern European Currencies Wings Against US Dollar
The Hungarian forint is up 10% against the US dollar this year, with the Czech koruna, Polish zloty, and Romanian… Read More
SIBL Applies to SECP for Conversion Into a Shariah Compliant Entity
After the announcement of the Federal Shariat Court Judgement last year, the Securities and Exchange Commission of Pakistan (SECP) has… Read More
FBR Notifies Procedure for Processing Transit Trade With Tajikistan
The Federal Board of Revenue (FBR) on Friday issued a procedure for processing transit trade cargo and bilateral goods through… Read More
Outlook Remains Bleak for Steel Sector Amid PKR Drop, Inflation and LC Restrictions
The long steel sector has been facing a tough situation owing to the continued steep depreciation of PKR versus US$,… Read More
MSCI Removes 3 Pakistani Stocks from the Index
Investment research firm and stock markets index provider, Morgan Stanley Capital International (MSCI) has removed Bank Alfalah Limited (BAFL), Engro… Read More
PKR Makes Huge Recovery of Nearly Rs. 16 Against US Dollar After Yesterday’s Thrashing [Updated]
The Pakistani rupee recorded a massive recovery of nearly Rs. 16 against the US Dollar during the first two hours… Read More
Pakistan’s Abhi Issues Region’s First-Ever Fintech Islamic Bond
Karachi-based fintech startup, Abhi has raised the region’s first Sukuk bond for a fintech firm, opening a new funding line… Read More
Banks Attract Deposits of Over Rs. 3 Trillion in 1 Year
The deposits of the commercial banks have witnessed staggering inflows of over Rs. 3 trillion merely in one year because… Read More
Dollar Horror: History Made As PKR Helplessly Crashes Below 300 With Country in Crisis [Updated]
The Pakistani rupee nosedived to its lowest ever of 300 against the US Dollar during intraday trade today after breaching… Read More
Federal Cabinet Okays Sale of Embassy Building in Washington for $7.1 Million
The federal cabinet endorsed the sale of the old Pakistan Chancery (embassy) building on R Street in Washington, DC, for… Read More
