The Engro Elengy Terminal has successfully handled over 450 ship-to-ship transfers since its inception, and as a result, Pakistan has… Read More
PKR At 228.14 Against US Dollar, 17th Consecutive Drop After World Bank Downgrade
The Pakistani Rupee (PKR) continued its fall against the US Dollar (USD) for the 17th consecutive day today, with rates… Read More
UAE Agrees to Extend Current Loan and Provide Additional $1 Billion to Pakistan
President of the United Arab Emirates Sheikh Mohamed bin Zayed Al Nahyan has agreed to roll over the existing loan… Read More
Govt Owes Rs. 127 Billion to TCP for Buying Food and Urea
The total liabilities profile of the Trading Corporation of Pakistan (TCP) (Pvt.) Limited stands at Rs. 127.45 billion as of… Read More
Car Financing Dropped by Rs. 26 Billion From June – November 2022
The sky-high inflation and tightened restrictions on auto loans took a toll on car financing in November 2022. The decline… Read More
IMF Wants Pakistan to Raise Power Tariff by Up to Rs. 7.5 per Unit
Electricity bills are likely to go higher in the coming cycles as the International Monetary Fund (IMF) has urged Pakistan… Read More
NA Panel Approves Imports and Exports (Control) Amendment Bill 2022
The National Assembly Standing Committee on Commerce unanimously recommended that “The Imports and Exports (Control) (Amendment) Bill, 2022 (Government Bill)… Read More
Rupee Drops 15th Day in a Row Against US Dollar Despite Investment News
The Pakistani Rupee (PKR) continued its fall against the US Dollar (USD) for the 15th straight day today, with rates… Read More
AJK Govt Announces Special IT Sector Package, Removing Income Taxes
The government of Azad Jammu and Kashmir (AJK) has announced a package for the IT sector and other industries. Azad… Read More
Pakistan Likely to Remain ‘Default-Free’ for Next 6 Months
Pakistan is likely to remain default-free for the next 6 months but investor concerns over the country’s debt repayment issues… Read More
Pakistan Secures Over $10 Billion in Pledges At Geneva
Pakistan has secured over $10.5 billion in pledges from international creditors for reconstruction in flood-affected areas at the International Conference… Read More
FBR Estimates 90% of US Dollars Are Hoarded in Pakistan
A member of the Federal Board of Revenue (FBR), while discussing the board’s assessment, said that 90% of US dollars… Read More
