JS Bank plans to enhance its shareholding by over 51 percent in BankIslami to attain the status of the majority… Read More
US Dollar Rises Above 222 Against PKR With Pakistan Slowly Edging Towards Default
The Pakistani Rupee (PKR) dropped further against the US Dollar (USD) and posted losses during intraday trade today. It depreciated… Read More
FBR Fixes $30,000/Person Yearly Maximum Currency Limit for Overseas Travel
The Federal Board of Revenue (FBR) has fixed a maximum limit of US$5,000 (per visit) and US$30,000 (annual) per passenger… Read More
Pakistan is Getting Dangerously Close to Defaulting
Despite Ishaq Dar’s repeated assurances for Pakistan’s economy to survive this fiscal year’s spiraling money crunch, default risk entered alarming… Read More
TPL RMC and UAE-Based Telco Want to Buy Telecom Towers in Pakistan
TPL REIT Management Company Limited (TPL RMC) and UAE-based mobile telecom operator TASC Towers have made a bid for a… Read More
Rupee Loses 3rd Day in a Row Against US Dollar As Default Fears Rattle Market
The Pakistani Rupee (PKR) continued to lose ground against the US Dollar (USD) and posted losses during intraday trade today.… Read More
Investors Afraid as Pakistan’s Default Risk Rises Further
Pakistan’s default risk entered alarming new levels this week as the cost of ‘insuring’ the country’s sovereign debt shot up,… Read More
Pakistan Among The First Countries to Get Climate Change Funding
Pakistan is among the first few countries tipped to receive G7 ‘Global Shield’ funding to tackle climate change, the program… Read More
Rupee Drops Further Against US Dollar As New Rules Confuse Markets
The Pakistani Rupee (PKR) dropped further against the US Dollar (USD) and posted losses during intraday trade today. It depreciated… Read More
Mini Budget is Being Considered With More Taxes
The government is likely to pass a mini-budget soon in order to fulfill prior actions of international lenders and meet… Read More
Avanceon Ltd Targets $100 Million Yearly Orders by 2025
Avanceon Limited (AVN) plans to achieve order generation of $100 million by 2025 with 80 percent revenue from the Middle… Read More
Remittances Drop by Over 9% to $2.2 Billion in October
The inflows of remittances continued the downward trend in the current financial year showing a drop of over 9 percent… Read More
