Pakistan-based social commerce platform DealCart announced Thursday that it has raised a $4.5 million pre-seed funding round led by Shorooq… Read More
Steel Products Prices Up by Rs. 3,000 Per Ton
The domestic prices of steel products have crossed the Rs. 253,000 per ton mark due to a sudden surge in… Read More
Islamabad-Based Fintech Raises $17.6 Million in Pakistan’s Largest-Ever Seed Round
Islamabad-based financial services startup, Dbank, has secured $17.6 million in Pakistan’s largest seed round, Bloomberg reported Thursday. The early-stage investment… Read More
Rupee Crashes Below 242 Against US Dollar As Political Uncertainty Rattles Markets
The Pakistani Rupee (PKR) crashed below the 242 level against the US Dollar (USD) during intraday trade today as political… Read More
Rupee Makes History Against US Dollar After Landmark Supreme Court Decision
The Pakistani Rupee (PKR) crashed to another low against the US Dollar (USD) during intraday trade today. It depreciated by… Read More
JP Morgan Says Pakistan Will Not Default on its Payments
JP Morgan has put substantial weight behind Pakistan’s economy and says the South Asian nation will not default on its… Read More
Rupee Drops Below 238 Against US Dollar in Intraday Crash As Economic Woes Intensify
The Pakistani Rupee (PKR) crashed below the 238 level against the US Dollar (USD) during intraday trade today. By midday,… Read More
Fitch Ratings and Moody’s Expect Pakistan to Secure $1.2 Billion IMF Loan
Fitch Ratings and Moody’s Investor Service have tipped Pakistan to successfully receive $1.2 billion from the International Monetary Fund (IMF),… Read More
Rupee Crumbles As Dollar Drought and Oil Bill Rattle Markets
The Pakistani Rupee (PKR) collapsed to another low against the US Dollar (USD)and posted heavy losses during intraday trade today.… Read More
Govt to Pay Off Over $74 Billion in Debt Servicing During Next 5 Years
The government of Pakistan has projected external debt servicing of $74.427 billion during the next five fiscal years (FYs). As… Read More
State Bank Discourages Dollar Trade as PKR Posts Worst Weekly Drop Since 1998
The State Bank of Pakistan (SBP) has discouraged interbank trading as the shortage of US dollar currency notes has pushed… Read More
FFBL Profit Declines by 32% in 2QCY22
Fauji Fertiliser Bin Qasim Limited (FFBL) has reported a net profit of Rs. 1.783 billion for the quarter ended June… Read More
