The federal government has accelerated the privatization process of Pakistan International Airlines (PIA) and finalized a framework for distributing the… Read More
Power Generation Goes Down in June Despite 11% Cheaper Fuel
Power generation in the country went down by 2 percent YoY to 13,461 gigawatts per hour (GWh) in June 2024,… Read More
PSX Crashes By Over 1,500 Points to Close Below 79,000
Bears wrecked the Pakistan Stock Exchange (PSX) on Monday with the benchmark KSE-100 index losing over 1,700 points in intraday… Read More
Rupee Again Loses Ground Against US Dollar, UAE Dirham
The Pakistani rupee (PKR) started the new week with losses against the US Dollar today after opening trade at 278… Read More
LHC Suspends FBR’s Controversial Anti-Taxpayer Law in Finance Act 2024
Lahore High Court (LHC) has suspended the applicability of controversial sales tax SRO 350(I)/2024, creating sales tax return filing problems… Read More
Govt Reduces Capital Gains Tax on Non-Filers by Half
The National Clearing Company of Pakistan Limited (NCCPL) on Friday announced the market-wise applicable capital gains tax (CGT) effective July… Read More
PTCL Revenue Grows by 12% in Q2 2024
Pakistan Telecommunication Company Limited has announced its financial results for the quarter ended June 30, 2024, whereby it posted a… Read More
Pakistan’s Current Account Posts Lowest Deficit in 13 Years
Pakistan’s Current Account Deficit (CAD) shrank by 79 percent in the fiscal year 2023-24 to $681 million compared to a… Read More
Rupee Stable Against US Dollar, Recovers Against Other Currencies
The Pakistani rupee (PKR) halted losses against the US Dollar today after opening trade at 278 in the interbank market.… Read More
Interest Payments to Eat Up 62% of Pakistan’s Fiscal Revenue: ADB
Pakistan’s interest payments are expected to require a staggering 62 percent of fiscal revenues, up from 41 percent in 2022-23,… Read More
Rupee Posts Small Losses Against US Dollar After Troubling Fitch Projections
The Pakistani rupee (PKR) suddenly reversed gains against the US Dollar today after opening trade at 278 in the interbank… Read More
T-Bills Attract $194 Million From Foreign Investors in June
Foreign investors poured in $194 million in local T-Bills through Special Convertible Rupee Accounts (SCRA) in June 2024. In FY24… Read More
