Pakistan’s Real Effective Exchange Rate (REER) decreased by 3.5 percent to 92.8 in January 2023. According to the latest monthly… Read More
Current Account Deficit Shrinks Sharply by 90% in January, Lowest in 21 Months
Pakistan’s current account deficit (CAD) decreased by 90 percent on a year-on-year (YoY) basis to clock in at $242 million… Read More
State Bank May Raise Interest Rate Due to IMF
While talks with the International Monetary Fund (IMF) and Rupee volatility took center stage, much of the action was unfolding… Read More
IMF Taxes Draw First Blood on Tobacco Sector as Cigarette Prices See 250% Increase
Pakistan’s tobacco sector has taken one on the chin as cigarette makers on Saturday notified huge price hikes of 250… Read More
Rupee Up 4th Day in a Row Against US Dollar
The Pakistani rupee (PKR) surged higher and posted gains against the dollar during interbank trade on Friday, rising as high… Read More
Standard Chartered Records All-Time High Profit
Standard Chartered Bank Pakistan maintained its profitable trajectory this year with an all-time high profit of Rs. 19.84 billion in… Read More
Bestway Cement Kick-Starts New Production Line
Bestway Cement Limited (PSX: BWCL), a subsidiary of Bestway International Holdings Limited (BIHL), has completed the construction and installation of… Read More
Rupee Rises 3rd Day in a Row Against US Dollar After Govt Surprise Last Night
The Pakistani rupee (PKR) went higher and gained big against the dollar during interbank trade on Thursday, rising as high… Read More
Cement Rates Increased by Rs. 50 per Bag to Offset Impact of FED, Sales Tax
Cement makers have hiked prices after the government announced revised taxes on all commodities as part of contingency measures to… Read More
Pakistan’s Digital Lending Platform AdalFi Raises $7.5 Million Funding
Pakistan’s B2B2C fintech AdalFi has raised $7.5 million to tackle lending challenges in the country, Reuters reported on Thursday. The… Read More
Senate Panel Deliberates on Mini-Budget Before Sending to NA for Approval
The Senate Standing Committee on Finance and Revenue on Thursday discussed the matter of the Supplementary Finance Bill 2023, which… Read More
Engro Corp’s Profits Decline by 12.3% to Rs. 46.1 Billion in 2022
Pakistan’s premier conglomerate, Engro Corporation Limited (PSX: ENGRO) announced its financial results for the calendar year (CY) that ended on… Read More
