Following the refusal of other players, Saudi Arabia’s Al-Rajhi Bank is now the only foreign bank currently confirming letters of… Read More
Senate Panel Warns OGRA Over Lack of Action Against Unregistered LPG Manufacturers
The Senate Cabinet Secretariat Committee after a detailed inquiry transpired that no prosecutions and no convictions so far have been… Read More
Fall of Silicon Valley Bank Shakes Financial Market Confidence
The bankruptcy of the US startup banker is sending shock waves through financial markets. Amid promises by the US government… Read More
Rupee Loses 2nd Day in a Row Against US Dollar, British Pound
The Pakistani rupee (PKR) dropped further against the US Dollar and posted losses during intraday trade today. The Pakistani rupee… Read More
Lotte Chemical Suspends Plant Operations Till Further Notice
Lotte Chemical Pakistan Limited (PSX: LOTCHEM) has decided to temporarily suspend plant operations till further notice. In a stock filing,… Read More
Banking Industry Deposits Reach Rs. 23 Trillion
The deposits in the banking industry have surged to a new height, reaching a level of Rs. 23 trillion by… Read More
Rupee Reverses Friday’s Gains Against US Dollar As Uncertainty Reigns Supreme
The Pakistani rupee (PKR) reversed gains against the US Dollar and posted big losses during intraday trade today. The Pakistani… Read More
Siemens Pakistan Intends to Sell Its Energy Portfolio
Siemens (Pakistan) Engineering Company Limited (PSX: SIEM) intends to sell its energy portfolio to a non-affiliated entity of Siemens Energy… Read More
China is Pakistan’s Biggest Hope if IMF Delays Bailout: Bank of America
Pakistan will have no choice but to suspend debt repayments if it fails to secure a $1.1 billion bailout from… Read More
Rupee Ends Dramatic Week With Big Gains Against US Dollar
The Pakistani rupee (PKR) reversed losses against the US Dollar and posted big gains during intraday trade today. The Pakistani… Read More
Remittances Increase for the First Time in 6 Months
After five consecutive monthly declines, remittances in February registered an increase of 4.9 percent on a month-on-month (MoM) basis and… Read More
Pakistan Army Decides to Celebrate 23 March With Simplicity
Due to the country’s economic challenges, the Pakistan Army has reportedly decided to cut back its yearly Pakistan Day parade,… Read More
