The Pakistani Rupee (PKR) was stable against the US Dollar (USD) during intraday trade today. It was stable at market… Read More
Mufti Taqi Usmani Says All Religious Sects Demand an End to Interest-Based Banking System
Interest-based banking is apparently a menace and should be removed entirely from the country’s banking sector. Mufti Taqi Usmani, a… Read More
Govt to Launch $85 Million Credit Guarantee Scheme for Low-Income Housing
The Economic Coordination Committee (ECC) of the Federal Cabinet on Tuesday approved to launch of a $85 million World Bank-funded… Read More
Ishaq Dar Vows to Fulfill Financial Commitments Despite Looming Default Risk
The present government is committed to honoring all of its financial obligations and has indicated that it is high time… Read More
Pakistani Edtech Chiragh Wins Big In Morocco
Pakistan’s Chiragh Education Technologies managed to beat 17 other startups to secure 1st place and $10,000 at the first-ever A-Hub… Read More
BluEX Receives 20% Share Acquisition Offer from Fintech
Universal Network Systems Limited (UNSL), commonly known as BluEX, has received an offer from a fintech company for the acquisition… Read More
Rupee Halts Losing Streak Against US Dollar After Pakistan Gets $500 Million
The Pakistani Rupee (PKR) was stable against the US Dollar (USD) during intraday trade today. It was stable at market… Read More
Pakistan Receives $500 Million Funds From Asian Infrastructure Investment Bank
The Government of Pakistan today has confirmed receipt of $500 million from the Asian Infrastructure Investment Bank (AIIB) for social… Read More
Seedstars Launches Platform to Develop VC Managers from Pakistan and Other Emerging Markets
Seedstars has officially launched Seedstars Capital, an investment platform for emerging venture capital (VC) fund managers with the support of… Read More
Rupee Drops 4th Day in a Row Against US Dollar After SBP Rate Hike
The Pakistani Rupee (PKR) dropped further against the US Dollar (USD) and posted losses during intraday trade today. It depreciated… Read More
6-Month KIBOR Surges to All-Time High of 16.81%
The 6-Month Karachi Inter-Bank Offered Rate (KIBOR), a benchmark for lending to consumers and businesses, surged by 91 basis points… Read More
Ishaq Dar’s Dubious Default Logic And What It Really Means for All of Us
Drama ensued last week when Pakistan’s benchmark 5-year Credit Default Swap (CDS) sharply reduced to 71 percent from 123 percent… Read More
