The Pakistani rupee gained further ground 19th day in a row against the US Dollar today after opening trade at… Read More
World Bank Cuts Pakistan’s GDP Forecast to 1.7% for FY24
The World Bank has projected Pakistan’s GDP growth rate at 1.7 percent during the fiscal year 2023-24 (FY24), a downward… Read More
Petroleum Sales Drop to Lowest Level Since COVID-19 Lockdown
Pakistan recorded monthly OMC sales of 1.06 million tons down significantly by 31 percent year-on-year (YoY) and 25 percent month-on-month… Read More
Cnergyico Posts Loss of Rs. 13.6 Billion in FY23
Cnergyico PK Limited (PSX: CNERGY) has announced its consolidated financial results for the year ended 30 June 2023. The company… Read More
Rupee Briefly Hits 282 Against US Dollar in Open Market
The Pakistani rupee rose 18th day in a row against the US Dollar today after opening trade at 290 in… Read More
Headline Inflation in September Soars to 31.4%, Highest Since May
Pakistan’s Consumer Price Index (CPI) based inflation increased to 31.4 percent year-on-year in September 2023 as compared to an increase… Read More
Pakistan’s Startup Funding Falls By More Than 87% in Q3 2023
Startup funding in Pakistan continues to have a bad run, with investments falling to $6.8 million during July-September 2023, according… Read More
85% of Bank Customers Used Online Transactions This Year
Pakistan witnessed a positive development in the financial system as e-banking transactions contributed to 85% of total payments processed by… Read More
Gul Ahmed Textile’s Profit Declines by Over 50% in FY23
Gul Ahmed Textile Mills Limited (PSX: GATM) has posted consolidated profit after tax of Rs. 4.89 billion for the year that… Read More
Nishat Mills Limited Posts Highest-Ever Profit of Rs. 12.16 Billion in FY23
Nishat Mills Limited (PSX: NML) announced on Tuesday its financial results for the financial year that ended on June 30,… Read More
Rupee Gains Further Ground Against US Dollar 16th Day in a Row
The Pakistani rupee rose 16th day in a row against the US Dollar today after opening trade at 292 in… Read More
Pakistan Received Foreign Loans of $3.2 Billion in First 2 Months of FY24
The country borrowed $3.206 billion from multiple financing sources during the first two months (July-August) of the current fiscal year… Read More
