The International Monetary Fund’s (IMF) resident representative in Pakistan, Esther Perez Ruiz, stated on Monday that policy commitments made by… Read More
Rupee Up Against US Dollar 7th Day in a Row Despite Massive 4% Oil Uptick
The Pakistani Rupee (PKR) gained further against the US Dollar (USD) and posted more gains during intraday trade today. It… Read More
EXIM Bank Receives Go-Ahead to Kick Off Operations in a Week
The Export Import (EXIM) Bank of Pakistan has been given a go-ahead signal to commence its formal operation to facilitate… Read More
SBP Tightens Forex Regulations for Exchange Companies
The State Bank of Pakistan (SBP) has amended foreign exchange regulations with an objective to promote documentation and transparency in… Read More
Pakistan’s Real Effective Exchange Rate Increased to 94.3 in August
Pakistan’s Real Effective Exchange Rate (REER) increased by 1.1 percent to 94.3 in August 2022. According to the latest monthly… Read More
Off the RaDar: Rupee Rises Higher Against US Dollar, Loses Over Rs. 7 Against GBP
The Pakistani Rupee (PKR) rose further against the US Dollar (USD) and posted more gains during intraday trade today. It… Read More
SBP Reserves Shrink by $340 Million to $8 Billion
The foreign reserves held by the State Bank of Pakistan (SBP) witnessed outflows of $340 million in the week that… Read More
Rupee Gains Big Against US Dollar 5th Day in A Row With ‘Darnomics’ in Full Swing
The Pakistani Rupee (PKR) strengthened against the US Dollar (USD) and posted big gains during intraday trade today. It appreciated… Read More
ADB Assures Due Support to Pakistan in Mitigating Post-Flood Economic Shocks
The Asian Development Bank (ADB) has assured due support to Pakistan under its US$ 1.5 billion Countercyclical Support Facility (CSF)… Read More
Karachi-Based Abhi Unveils New Feature to Pay Utility Bills Before Payday
Abhi, a Karachi-based startup that provides employee salary advances based on accrued wages, has offered a new feature to customers… Read More
TCS Shuts Down its Struggling eCommerce Business Yayvo.com
Yayvo.com, a TCS-backed e-commerce venture, is shutting down operations after 8 years of squaring off against both veteran and startup… Read More
Profit Repatriation Down by 92% in July-August FY23
The profit repatriation of multinational companies and foreign investors nosedived by 92.88 percent during the first two months of the… Read More
