State-owned entities (SOEs) in Pakistan incurred substantial financial losses exceeding Rs. 729 billion in FY2021-2022, according to a Finance Ministry… Read More
Cement Sales Increase by 4.6% in December 2023
Cement sales in Pakistan increased by 4.6 percent in December 2023 on a year-on-year basis, according to the data released… Read More
Rupee Ends 13-Day Winning Streak Against US Dollar to Start 2024
The Pakistani rupee reversed its 13-day winning streak against the US Dollar today after opening trade at 280 in the… Read More
Pakistan’s Trade Deficit Shrinks By 34% in First Half of FY24
Pakistan’s trade deficit contracted by 34 percent during the first half of the current fiscal year (1HFY24) compared to the… Read More
Pakistan’s Fuel Oil Exports Near 600,000 Tons in First Half of FY24
Pakistan’s fuel oil exports neared 600,000 tons in the first half of the financial year 2023-24 due to poor local… Read More
Petroleum Sales Decrease By 7% in December 2023
Pakistan recorded monthly OMC sales of 1.24 million tons down by 7 percent year-on-year (YoY) and 10 percent month-on-month (MoM)… Read More
Retail Transactions in Pakistan Increase by 4.2% to Rs. 134 Trillion in Q1 FY24
Retail transactions in Pakistan surged by 4.2 percent in volume and 22.4 percent in value during the quarter that ended… Read More
Pakistan’s Headline Inflation Clocks in at 29.7% in December 2023
The Consumer Price Index (CPI) based inflation increased to 29.7 percent on a year-on-year basis in December 2023 as compared… Read More
KSE-100 Posts 2nd Highest Single-Day Gain in History on First Day of 2024
Pakistan Stock Exchange (PSX) started the new year with a bang after the benchmark KSE-100 index recorded its second-highest single-day… Read More
Pakistan’s Startup Funding Nosedives By 77% in 2023
Startup funding in Pakistan continues to have a bad run, with investments falling to $75.6 million during 2023, according to… Read More
Construction of Rs. 307 Billion Sukkur-Hyderabad Motorway Delayed
National Highway Authority (NHA) terminated the concession agreement with M/s Techno-CMC (TECMC) private limited, for the construction of the Sukkur-Hyderabad… Read More
World Bank Rates $382 Million Karachi Mobility Project As Moderately Unsatisfactory
The World Bank has rated the overall implementation progress of the “Karachi Mobility Project” worth $382 million, moderately unsatisfactory. The… Read More
