Moody’s Investors Service has revised Pakistan Water and Power Development Authority’s (WAPDA) outlook to negative from stable. At the same… Read More
Rupee Ends Week With More Gains Against US Dollar As Oil Prices Retreat
The Pakistani Rupee (PKR) continued its winning streak against the US Dollar (USD) and posted gains in the interbank market… Read More
Govt Jacks up National Savings Profit Rates by 150 BPS
The government has revised the profit rate on several national savings certificates and schemes by 36 to 150 basis points.… Read More
Finance Division Stalls Budget Ceiling Request for Development Projects in FY2022-23
The Finance Division has yet to respond to the Ministry of Planning’s request for enhancing the provisional Indicative Budget Ceiling… Read More
Rupee Extends Winning Streak Against US Dollar After Good News
The Pakistani Rupee (PKR) continued to recover against the US Dollar (USD) and posted gains in the interbank market today.… Read More
Govt to Abolish Rs. 54 Billion Development Funds for Finance Division in FY23
The government has decided to abolish Rs. 54 billion block allocations for Finance Division in the upcoming Public Sector Development… Read More
SBP Increases Rate of Return on Dollar Deposits
In order to mobilize deposits of dollars in the banking system, the State Bank of Pakistan (SBP) has increased the… Read More
Rupee Makes Big Gains Against US Dollar Despite Highest Oil Price in Over 2 Months
The Pakistani Rupee (PKR) continued to recover against the US Dollar (USD) and posted gains in the interbank market today.… Read More
Interest-based Banking Should be Replaced by Shariah-compliant System: Mufti Taqi Usmani
Renowned Muslim Scholar Mufti Taqi Usmani has urged the Islamic banking professionals and other stakeholders of financial institutions to replace… Read More
IMF Deal to Stabilize PKR But Inflation Set to Rise Significantly: Report
The new deal with the International Monetary Fund (IMF) should play a key role in stabilizing forex reserves and positively… Read More
Rupee Gains Big Against US Dollar Despite IMF Uncertainty and Rising Oil Prices
The Pakistani Rupee (PKR) continued to recover against the US Dollar (USD) and posted gains in the interbank market today.… Read More
All Roads Lead to IMF After Pakistan Gets ‘Cold Shoulder’ from Bond Markets
An agreement with the International Monetary Fund (IMF) is Pakistan’s only resort to obtaining funds as the global bond market and… Read More
