Inflation is expected to remain high, and may even rise further as Pakistan remains engulfed in a spiraling economic crunch.… Read More
Rupee Ends Week With Losses Against US Dollar, Euro, British Pound
The Pakistani rupee (PKR) reversed gains against the US Dollar and posted losses during intraday trade today. The Pakistani rupee… Read More
Dar Confirms Rollover of $2 Billion Chinese Loan, Says Process ‘No Longer Pending’
Finance Minister Ishaq Dar confirmed that China last week rolled over a $2 billion loan to Pakistan for another year… Read More
Rupee Rebounds Against US Dollar But Expected to Fall Again on Friday
The Pakistani rupee (PKR) reversed losses against the US Dollar and posted gains during intraday trade today. The Pakistani rupee… Read More
CCP Issues Guidelines on How to Avoid Fraud When Using Loan Apps
The Competition Commission of Pakistan (CCP) has warned and cautioned the general public about the rising trend of mobile app-based… Read More
Dar Still Not Sure When IMF Deal Will be Signed
Finance Minister Ishaq Dar has once again failed to provide a timetable for when the staff-level agreement (SLA) with the… Read More
Rollover of Chinese Loan Worth $2 Billion to Pakistan is Still in Process
A $2 billion Chinese loan to Pakistan that matured on March 23 is currently in the process of being rolled… Read More
Finance Ministry is Deliberately Delaying Action Against Banks Manipulating Exchange Rates
Despite clear cases of charging ‘higher spreads,’ the Ministry of Finance has been sitting on the State Bank of Pakistan’s… Read More
OCAC Warns Industry May be Unable to Maintain 20-Day Fuel Cover
The Oil Companies Advisory Council (OCAC) has raised red flags over the ability to sustain the petroleum stockpile as the… Read More
Pakistan’s Pink Salt Can Earn Billions in Exports
The Islamabad Chamber of Commerce and Industry (ICCI) stated that the export of pink salt has the potential to bring… Read More
IMF Objects to Proposed Petrol Subsidy Scheme
The International Monetary Fund (IMF) has rejected Pakistan’s initial proposal for subsidizing petrol for low-income segments of the population. Local… Read More
Rupee Falls Against US Dollar Once Again As Politics, Uncertainty Stir Panic
The Pakistani rupee (PKR) reversed gains against the US Dollar and posted losses during intraday trade today. The Pakistani rupee… Read More
