The Pakistani Rupee (PKR) continued to lose against the US Dollar (USD) and posted losses today. It depreciated by 0.23… Read More
Crescent Steel Issues Rs. 800 Million Sukuk For Enhancing Capital Working Requirements
Crescent Steel & Allied Products Limited (CSAP) has issued a Rs. 800 million untradeable Sukuk payable within three years. In… Read More
OGRA to Conduct Public Hearing Before Granting License to PGPL
The Oil and Gas Regulatory Authority (OGRA) has sought public comments and announced a hearing before it makes a decision… Read More
Petrol Pumps in Karachi Paying As Low As Rs. 35 Monthly Rent on Commercial Property
The State Office, a subsidiary organization of the Ministry of Housing and Works, has leased its land to a petrol… Read More
Ticking Time Bomb – Pakistan’s Bonds Are Falling And ‘The Worst is Yet to Come’
Pakistan’s US Dollar denominated Eurobonds are falling as the country’s ongoing problems are compounded by recent floods estimated to cost… Read More
Rupee Halts 13-Day Winning Streak Against US Dollar On IMF Inflation Forecast
The Pakistani Rupee (PKR) ended its winning streak against the US Dollar (USD) and posted losses today. It depreciated by… Read More
Sentiment-Driven Rupee Recovery May Fizzle Soon Unless Fundamentals Improve
The Pakistani Rupee (PKR) is headed for one of its toughest tests yet and this time, mere positive sentiment or… Read More
Rupee Rises 13th Day in a Row After SBP Announces Unmodified Interest Rate
The Pakistani Rupee (PKR) soared against the US Dollar (USD) and posted gains today. It appreciated by 0.08 percent against… Read More
Moody’s Downgrades Ratings of 5 Pakistani Banks
Moody’s Investors Service (“Moody’s”) has downgraded the long-term deposit ratings to Caa1 from B3 of five Pakistani banks: Allied Bank… Read More
Massive Rs. 81 Billion Difference Between State Bank and FBR’s Tax Numbers: Auditor General
There is a huge variation of Rs. 81 billion in tax collection figures between the Federal Board of Revenue (FBR)… Read More
Greentree Holdings Ltd Invests Rs. 1.56 Billion in TRG Pakistan
Greentree Holdings Limited has invested a handsome amount of Rs. 1.56 billion in TRG Pakistan by way of acquiring over… Read More
Pakistan Needs Over $3 Billion to Meet its Debt Obligations and Avoid Default
With the threat of a dollar shortage looming as several debt payments near maturity, Pakistan requires more than $3 billion… Read More
