State Bank of Pakistan (SBP) increased the policy rate by 1% against the market expectations of 0.5%. Experts say that… Read More
Rupee Hits an All Time Low Against Dollar at Rs 128 [Updated]
The value of the US dollar hit an all-time high of Rs 128 in the interbank market on Monday. Yet… Read More
Economic Growth Targets Set for FY19 Will Be Tougher to Achieve: SBP
State Bank of Pakistan (SBP) indicated that the economy could not sustain the growth rate in the starting financial year… Read More
SECP Approves PICIC Investment and Growth Funds Conversion into Open-End Fund
The Securities and Exchange Commission of Pakistan (SECP) has approved the conversion of PICIC Investment Fund and PICIC Growth Fund… Read More
Cement Industry to Invest $2.1 Billion to Enhance Production Capacity
The cement industry is preparing to reap the benefits of upcoming mega projects under China Pakistan Economic Corridor (CPEC). Players… Read More
Captain’s Turn to Bat? Analysts Predict High Chances of a PTI Win in Election
The Swiss multinational investment bank, Credit Suisse has published a report Pakistan Market Strategy that focuses on the country’s upcoming General Elections… Read More
Despite Price Hikes, Shipments for Locally Assembled Cars Rise by 23%
Pakistan’s locally assembled auto volumes in FY18 increased by 23% YoY to 339,465 units, mainly attributable to growth in car… Read More
Tez Financial Services Raises $1.1 Million from Foreign Investors
Tez Financial Services, a FinTech offering financial products and services to low-end customers, has raised $1.1 million from two foreign investors.… Read More
Rs 577 Billion in Foreign and Rs 1,192 Billion in Domestic Assets Filed Under Tax Amnesty
Finance Ministry released the latest figures for the tax amnesty scheme recently. They revealed that about 55,255 declarations have been… Read More
Trade Deficit Reaches All-Time High of $37.6 Billion
Pakistan’s trade deficit surged to an all-time high of $37.67 billion over the previous fiscal year (FY2018). The country’s trade… Read More
NCCPL Launches Mobile App For Investors of Capital Markets
National Clearing Company for Pakistan has launched a new app for capital market investors. With the help of this app,… Read More
Finance Minister Calls for Measures to Stop Smuggling of Currency
Dr. Shamshad Akhtar, the Finance Minister, chaired a meeting to discuss measures against cross-border illegal transportation /smuggling of currency. The… Read More
