Pakistan’s gross domestic product (GDP) growth is projected to recover modestly to 1.9 percent in fiscal year 2024 (1 July… Read More
Rupee Up 11th Day in a Row Against US Dollar
The Pakistani rupee continued its good run against the US Dollar today after opening trade at 292 in the interbank… Read More
Pakistan’s IT Exports Increase Marginally in August
Pakistan’s Information Technology (IT) exports for August 2023 increased by 3 percent on a year-on-year (YoY) basis to $235 million… Read More
Power Sector’s Circular Debt Declines By Rs. 336 Billion
The power sector circular debt declined by Rs. 336 billion to Rs. 2,310 billion in June 2023 compared to a… Read More
Car Financing Declines 14th Month in a Row
Pakistan’s car market continues to remain in low gear with auto-financing extending its descent during the month of August. It… Read More
Rupee Rises Higher Against US Dollar 10th Day in a Row
The Pakistani rupee rose higher against the US Dollar today after opening trade at 296 in the interbank market. At… Read More
Pakistan’s Real Effective Exchange Rate Falls in August
Pakistan’s Real Effective Exchange Rate (REER) declined by 1.5 percentage points to 90.1 in August 2023. According to the latest… Read More
6-Month KIBOR Falls Sharply As SBP Maintains Key Interest Rate
The 6-Month Karachi Inter-Bank Offered Rate (KIBOR), a benchmark for lending to consumers and businesses, fell by 159 basis points… Read More
Rupee Gains Further Ground Against US Dollar 9th Day in a Row
The Pakistani rupee closed this week with more gains against the US Dollar today after opening trade at 296 in… Read More
Globe Residency REIT Announces Rs. 271 Million Profit, Rs. 3 Dividend in First Year of Listing
Globe Residency REIT (PSX: GRR), Pakistan’s first listed Developmental Real Estate Investment Trust (REIT), has declared a profit after tax… Read More
Foreign Direct Investment Up by 16% in First 2 Months of FY24
The Foreign Direct Investment (FDI) in the country rose by 16 percent during the first two months of this fiscal… Read More
Recoveries From Electricity Thieves Hit Rs. 1 Billion
The Senate Standing Committee on Power was informed on Thursday that approximately Rs. 1 billion worth of recovery has been… Read More
