The pharmaceutical industry has forewarned of a severe shortage of life-saving medicines in the country as importers face billion-dollar losses… Read More
Dawood Lawrencepur to Sell Entire Shareholding in Reon Energy Ltd
The Board of Directors of Dawood Lawrencepur Limited (PSX: DLL) has approved entering into Share Purchase Agreement (SPA) with Juniper… Read More
Pakistan’s Real Effective Exchange Rate Drops to 86.4 in February
Pakistan’s Real Effective Exchange Rate (REER) decreased by 8 percent to 86.4 in February 2023. According to the latest monthly… Read More
Rupee Reverses Losses Against USD, Australian Dollar
The Pakistani rupee (PKR) reversed losses against the US Dollar and posted gains during intraday trade today. The Pakistani rupee… Read More
IGI Life Insurance to Set Up Pension Fund
IGI Life Insurance Limited (PSX: IGIL) is set to commence the process of establishing a voluntary pension fund. In a… Read More
Pakistan’s Imports Under Saudi Oil Facility Near $0.8 Billion in 8 Months of FY23
Pakistan imported petroleum products worth $782.28 million on a deferred payment basis under the Saudi oil facility during the first… Read More
FBR Cannot Deny Tax Refunds on Technical Reasons: FTO
Federal Tax Ombudsman (FTO) has ruled that the right of a taxpayer including refund claims cannot be denied on the… Read More
IMF Wants Pakistan to Fulfil Remaining Conditions for Bailout
The International Monetary Fund (IMF) has stated that Pakistan has made substantial progress for the bailout revival in recent days.… Read More
Current Account Deficit Shrinks by 86% in February to $74 Million
Pakistan’s current account deficit (CAD) decreased by 86 percent on a year-on-year (YoY) basis to clock in at $74 million… Read More
Rupee Nears All-Time Low Against US Dollar After Yet Another Decline
The Pakistani rupee (PKR) reversed last week’s gains against the US Dollar and crashed near its all-time low of 285.09… Read More
Switzerland’s Largest Bank Acquires Crisis-Hit Credit Suisse Amid Global Crunch
Credit Suisse and Switzerland’s biggest bank UBS have merged with UBS being the surviving entity, the Zürich-based wealth manager said… Read More
Rupee Posts Gains Against US Dollar 2nd Day in a Row
The Pakistani rupee (PKR) recovered further against the US Dollar and closed the week with good gains during intraday trade… Read More
