The Pakistani Rupee (PKR) struggled against the US Dollar (USD) and posted losses during intraday trade today. It depreciated by… Read More
Prime International Oil and Gas Company Acquires Eni’s Business in Pakistan
A joint venture (JV) between Hub Power Holdings Limited and Eni’s Employee Buy-out Group has acquired 100 percent shareholding of… Read More
Comparison of Different Asset Classes From Real Estate to Stocks
The most asked question in this age of hyperinflation is where should one invest savings? That triggers a debate exploring… Read More
Another Mini-Budget on the Cards As Govt Aims to Raise Rs. 60 Billion Via Ordinance
A mini-budget is most likely on the cards as the government wants to raise an additional Rs. 60 billion revenue… Read More
Pakistan Looking Towards China and Saudi Arabia for $6 Billion Bailout As Default Fever Rekindles
Pakistan is currently engaged in discussions with bilateral partners for arranging inflows somewhere in the region of $6 billion as… Read More
SBP Raises Mark-Up Rate on Export Finance Scheme to 13% to Meet Key IMF Condition
The State Bank of Pakistan (SBP) has further revised the rates of specialized financing schemes in line with its tightened… Read More
FTO Directs FBR to IT Audit All Fake Transactions and Taxpayer Data
The Federal Tax Ombudsman (FTO) has directed to the Federal Board of Revenue (FBR) to thoroughly investigate the thousands of… Read More
Pakistan’s Forex Reserves Drop to Critical Level, Lowest Since 2014
Foreign reserves held by the State Bank of Pakistan (SBP) witnessed a substantial outflow of $294 million in the week… Read More
Planning Minister Takes Notice of Slow Utilization of Development Funds
Minister for Planning Development & Special Initiatives, Professor Ahsan Iqbal on Thursday reviewed the second quarter of the Public Sector… Read More
Rupee Hopelessly Falls 8th Day in a Row Against US Dollar Despite Oil Drop
The Pakistani Rupee (PKR) dropped further against the US Dollar (USD) and posted losses during intraday trade today. It depreciated… Read More
Pakistani Islamic Banks Leave Behind Conventional Banks With Record Growth of 87.5% in 2022
The Islamic banking industry (IBI) has left behind the conventional banking industry by wide margins, showing a handsome pre-tax profit… Read More
Foreign Investment Numbers in Pakistan Crash After 83% Drop in Profit Repatriation
Dollar outflows and the deteriorating state of the economy have made Pakistan one of the least desired moneymaking markets for… Read More
