Pakistan’s power sector circular debt saw a sharp decline in FY25, but the relief proved short-lived as liabilities surged by… Read More
Sitara Petroleum Now Officially Listed At PSX After Record IPO
Sitara Petroleum Service Limited has successfully completed its Initial Public Offering (IPO) and listed on the Pakistan Stock Exchange (PSX),… Read More
Hascol Board Approves Plan to Restructure 92% Bad Debt to Revive Business Again
The Board of Directors of Hascol Petroleum Limited (PSX: HASCOL) has approved a restructuring and rescheduling arrangement for taking care… Read More
FBR Slaps Rs. 2.7 Billion Penalty on Gerry’s Dnata Over Massive Customs Fraud
The Federal Board of Revenue (FBR) has imposed Rs. 2.7 billion in penalties on M/s Gerry’s Dnata (Pvt) Ltd after… Read More
Rupee Beats Dollar Again But Gets Trashed By Pound and Euro
The Pakistani rupee (PKR) closed in green against the US Dollar (USD) for the 165th consecutive day on Thursday. Meanwhile,… Read More
Only in Pakistan: Citizens Pay Billions to Power Plants That Don’t Even Make Electricity
Pakistan’s power sector is producing less electricity while forcing consumers to pay for idle power plants, according to the Pakistan… Read More
Finance Ministry Raises Over Rs. 76 Billion With 6th Hybrid Sukuk Auction At PSX
Pakistan Stock Exchange Limited (PSX) has raised Rs. 76.286 billion for the Ministry of Finance through the 6th Government of… Read More
Solar Electricity Now Nearly Equal to Pakistan’s Entire Grid Capacity: Report
Pakistan’s solar electricity system is now nearly equal to the country’s entire grid capacity, according to the Pakistan Electricity Review… Read More
Medicines Likely to Get Cheaper in Pakistan After Upcoming Budget
The federal government is expected to announce major tax relief measures for the pharmaceutical sector in the upcoming federal budget… Read More
Borrowing in Pakistan Now More Expensive Than SBP Rate, Fixed Income to Rise
Pakistan’s money market remained under pressure as KIBOR continued to rise and now is much higher than the State Bank… Read More
Indian Rupee Set to Break 13-Year Record Set By Pakistani Rupee Against US Dollar
The Indian rupee is expected to slide to the psychologically significant 100 per US dollar level if higher oil prices… Read More
Bank, Oil Bulls Push PSX 2,000 Points Higher As War Shocks Cool Off
The benchmark KSE-100 Index closed at 164,831 points on Wednesday, gaining 1,935 points as investor sentiment strengthened sharply during the… Read More
