Pakistan’s Consumer Price Index (CPI) based inflation increased to 12.6 percent year-on-year (YoY) in June 2024 compared to an increase… Read More
Hascol Losses Increase by 26% to Rs. 18 Billion in 2023
Hascol Petroleum Limited has announced its financial results for the calendar year ended 31 December 2023, whereby losses spiked by… Read More
Pakistan’s Disastrous IMF-Made Budget: Tax Everything, Give Nothing, Expect Nothing
Pakistan on Friday quickly passed the IMF-made Federal Budget 2024-25 with some 11th-hour tweaks that effectively doubled the tax rate… Read More
Govt Increases Excise Duty On Airline Tickets Up to Rs. 350,000 in Finance Bill
The federal government has hiked the excise duty on business and club class air tickets up to Rs. 350,000 in… Read More
Rupee Ends Fiscal Year 2023-24 With Tiny Gains Against US Dollar
The Pakistani rupee (PKR) ended fiscal year 2023-24 with small gains against the US Dollar today after opening trade at… Read More
IFC Approves 7-Year Debt Financing of $400 Million For PTCL to Buy Telenor Pakistan
The International Finance Corporation (IFC) has approved the debt financing of up to $400 million for a period of seven… Read More
Rupee Posts Small Gains Against US Dollar 3rd Day in a Row
The Pakistani rupee (PKR) rose third day in a row against the US Dollar today after opening trade at 278… Read More
Rupee Rebounds Against US Dollar, Retains 278 Level
The Pakistani rupee (PKR) reversed losses against the US Dollar today after opening trade at 278 in the interbank market.… Read More
Govt-Run Entities Reported a Loss of Rs. 905 Billion in FY23: Finance Ministry
State-owned enterprises (SOEs) reported an aggregate loss of Rs. 905 billion in fiscal year 2022-23, up 23 percent from last… Read More
Govt Borrowed More Money From Banks This Fiscal Year Than Previous 2 Years Combined
The federal government borrowed Rs. 7.39 trillion from banks in 11 months of fiscal year 2024, exceeding the amount borrowed… Read More
Rupee Abruptly Falls Against US Dollar, Other Major Currencies
The Pakistani rupee (PKR) began the final week of June with losses against the US Dollar today after opening trade… Read More
Car Financing Declines 23rd Month in a Row
Car financing continued to fall 23 months in a row in the calendar year 2024, down 22.5 percent YoY to… Read More
