The downward revision of the public sector development program (PSDP) from Rs. 900 billion to Rs. 480 billion has hampered… Read More
Rupee Finally Breaks 15-Day Losing Streak Against US Dollar
The Pakistani Rupee (PKR) finally recovered against the US Dollar (USD) and posted big gains in the interbank market today.… Read More
SBP Injects Rs. 1.8 Trillion for 63 Days Through Open Market Operations
After a gap of three months, the State Bank of Pakistan (SBP) again conducts a 63-day Open Market Operation (OMO)… Read More
Pakistan Default Risk Soars While Facing Foreign Debt Worth Billions
Pakistan is looking at a massive foreign debt of $6.4 billion that is due over the next three years, as… Read More
PSX Gains Over 980 Points After Govt Withdraws Fuel Subsidies
The Pakistan Stock Exchange (PSX) rallied in the week’s last trading session as the bulls took control over the market.… Read More
Rupee Surprisingly Holds Out Against US Dollar Despite Bad News from IMF
The Pakistani Rupee (PKR) continued to struggle against the US Dollar (USD) and posted losses in the interbank market today.… Read More
Countrywide Protests Costing Rs. 100-150 Billion a Day: Economists
The countrywide road blockades and supply chain disruptions amid the Pakistan Tehreek-e-Insaf (PTI)’s Azadi March have caused an estimated loss… Read More
HBL to Inject Rs. 1.4 Billion in Its Subsidiary
The management of Habib Bank Limited (HBL) has received a green signal from the State Bank of Pakistan for undertaking… Read More
Islamic Banking More Profitable Than Conventional Banking in Pakistan: Report
Conventional banks in the country lag behind Islamic banks on various fronts mainly on the major indicator of profitability. According… Read More
Rupee Plunges Further Against US Dollar Despite Positive Saudi News
The Pakistani Rupee (PKR) shattered its previous record low against the US Dollar (USD) and posted losses in the interbank… Read More
Pakistan and IMF Likely to Reach Bailout Deal: William Blair
Pakistan will reach an agreement with the International Monetary Fund (IMF) for a bailout, William Blair Investment Management told Bloomberg… Read More
SECP to Launch Takaful Tech for Revolutionizing Islamic Insurance Sector
The Securities and Exchange Commission of Pakistan (SECP) is planning to work with stakeholders for increasing the volume of Takaful… Read More
