Pakistan borrowed $2.891 billion in July 2023 from multiple financing sources against the annual budget estimates of $17.62 billion for… Read More
Bears Run Riot As PSX Loses Over 770 Points
Bears ran riot at Pakistan Stock Exchange (PSX) today as equities witnessed a panic-struck sell-off on Monday amid severe political… Read More
CCP Fails to Recover Over Rs. 68 Billion Pending Dues
The Competition Commission of Pakistan (CCP) has failed to collect over Rs. 68 billion in pending dues from companies found… Read More
Rupee Hopelessly Crashes to Against US Dollar, Other Currencies
The Pakistani rupee nosedived against the US Dollar today after opening trade at 288 in the interbank market. At 12… Read More
Askari Bank Posts 40% Profit Growth in H1 2023
Askari Bank Limited (AKBL) has announced a profit after tax (PAT) of Rs. 8.83 billion for the half year 2023,… Read More
Planning Commission Wants Govt to Replace LPG With ‘Cheaper’ LNG
To achieve energy sustainability, the Planning Commission has urged the federal government to replace liquefied petroleum gas (LPG) with relatively… Read More
Pakistan’s Real Effective Exchange Rate Hits 91.6 in July
Pakistan’s Real Effective Exchange Rate (REER) shot up by 3.86 percentage points to 91.59 in July 2023. According to the… Read More
Pakistan’s Current Account Turns From Surplus to $809 Million Deficit
The country’s current account posted a deficit of $809 million in July 2023, compared to the surplus of $504 million… Read More
Rupee Edges Closer to 300 With More Losses Against US Dollar Today
The Pakistani rupee fell sharply against the US Dollar today after opening trade at 295 in the interbank market. At… Read More
Budget Deficit Surges by 24% to Rs. 6.5 Trillion in FY23
The country’s budget deficit surged by 23.9 percent to Rs 6.521 trillion during the fiscal year 2022-23 (FY23) from Rs.… Read More
Rupee Stable At 294.9 Against US Dollar But Tipped to End Week With Losses
The Pakistani rupee marginally recovered from its 3-day losing streak against the US Dollar today after opening trade at 289… Read More
Allied Bank’s Profit Surges by 158% in H1 2023 Amid Staggering Q2 Gains
Allied Bank Limited (PSX: ABL) reported a massive profit growth of 158 percent year-on-year (YoY) in the first half of… Read More
