The Pakistani rupee (PKR) reversed losses against the dollar during interbank trade on Wednesday, rising as high as 271.5 against… Read More
MCB Bank Posts Highest-Ever Profit
MCB Bank has posted its highest-ever profit of Rs. 32.7 billion in 2022 with a growth of 6.3 percent from… Read More
Pakistan to Repay Foreign Debt of $22 Billion in Next 12 Months
Pakistan is scheduled to repay nearly $22 billion in foreign debt and interest over the next 12 months in order… Read More
Afghanistan ‘Tightens’ Currency Controls After Dollar Smuggling Reports from Pakistan
Afghanistan has imposed fresh foreign currency restrictions on people carrying cash out of the country after reports of US Dollar… Read More
Debt Re-profiling Under IMF Watch More Viable, Restructuring is Bad News
External debt repayments are like a loaded cannon pointed directly at Pakistan and the country should opt for debt re-profiling… Read More
Govt Jacks Up Profit Rates on Islamic Naya Pakistan Certificates
The Finance Division has revised up the rates of return for Pakistan Rupee-denominated and other currency-sponsored Islamic Naya Pakistan Certificates… Read More
Upcoming Tech IPO At PSX Aims to Fill Digital Gap And Transform the Industry
Pakistan’s tech industry has a last-minute surprise before Ramadan as the country’s second-ever tech Initial Public Offering (IPO) since 2021… Read More
Here’s How Afghan Currency Became a Top Performer While Rupee Became the Worst
Foreign currency outflows are worsening the economic crisis in Pakistan as millions of US Dollars are smuggled into Afghanistan from… Read More
Rupee Falls Once Again As IMF Uncertainty, Politics Stir Panic in Markets
The Pakistani rupee (PKR) reversed gains against the dollar during interbank trade on Tuesday, initially dropping as low as 276.975… Read More
Pakistan Refinery’s Expansion Project Stopped Due to Dollar Shortage
The expansion project of Pakistan Refinery Limited (PRL) has hit a roadblock due to a shortage of US Dollars, which… Read More
State Bank to Help Prevent Dollar Smuggling at Karachi Airport’s Cargo Section
The State Bank of Pakistan (SBP) has decided to set up a booth in the cargo section of the Civil… Read More
Pakistan Railways Earned Over Rs. 28 Billion in First 6 Months of FY23
Pakistan Railways earned revenue of Rs. 28.263 billion during the first half of the current fiscal year (July-December) compared to… Read More
