GDP growth in Pakistan in fiscal year 2023 (ended June 30, 2023) was weighed down by tighter monetary and fiscal… Read More
UBL Posts Highest-Ever Half Yearly Profit of Rs. 27.5 Billion
United Bank Limited (UBL) cashed in on high-interest rates reporting a record-breaking profit growth of 126 percent in the first… Read More
IMF Approved New Loan Program After ‘Written Support’ from PTI
Aside from the two ruling parties, Pakistan Peoples Party (PPP) and Pakistan Muslim League-Nawaz (PML-N), Pakistan Tehreek-e-Insaf (PTI) communicated their… Read More
Dolmen City REIT Announces 18.1% Annualized Dividend for FY23
The Board of Directors of Dolmen City REIT (DCR) have declared and approved a final cash dividend of PKR 0.50… Read More
IMF Sets 10 Structural Benchmarks for Pakistan to Fulfil Bailout Criteria
The International Monetary Fund (IMF) has set ten Structural Benchmarks (SBs) for stand-by arrangement (SBA) including not granting further tax… Read More
IT Exports Decline in FY23 Despite Tall Claims by Govt
Pakistan’s IT and IT-enabled Services (ITeS) export remittances declined by around 0.6 percent during the fiscal year 2022-23 (FY23) and… Read More
Rupee Falls Sharply to 283 Against US Dollar, Informal Market Hits 305
The Pakistani rupee crashed against the US Dollar during intraday trade today after opening trade at 279 in the interbank… Read More
Pakistan’s Electricity Generation Dropped by 9.5% in FY23
Power generation in the country went up by 11.7 percent on a month-on-month (MoM) basis to 13,715 gigawatts per hour… Read More
Pakistan’s Real Effective Exchange Rate Rises to 87.7 in June
Pakistan’s Real Effective Exchange Rate (REER) jumped by 0.4 percentage points to 87.7 in June 2023. According to the latest… Read More
Foreign Direct Investment Plummets 25% to $1.45 Billion in FY23
Foreign Direct Investment (FDI) has shrunk by 25 percent year-on-year (YoY) in the fiscal year 2022-23 (FY23) amid persistent economic… Read More
Current Account Surplus Rises to $334 Million in June
The country’s current account posted a surplus of $334 million in June 2023, significantly higher than the surplus of $225… Read More
HBL Contributes Over Rs. 4 Billion to Social Uplift of Pakistan
HBL has contributed over Rs 4 billion, spread over a decade, to the social uplift of Pakistan. In 2022 alone,… Read More
