The bailout from the International Monetary Fund (IMF) is a big positive for growth and will likely help Pakistan avert… Read More
Rupee Gains Big Against US Dollar, Euro, British Pound On IMF News
The Pakistani rupee reported big gains against the US Dollar during intraday trade today after opening trade at 271 in… Read More
High-Flying PSX Set for Major Surge in 2nd Half This Year
The abnormal strength of the stock market even as inflation and political uncertainty batter the Pakistani economy has baffled and… Read More
NRL Shuts Down Hydrogen Production Unit for 6 Weeks
National Refinery Limited (PSX: NRL) has closed its Hydrogen Production Unit for 6 weeks due to unscheduled maintenance, the company… Read More
Pakistan’s Inflation Drops Under 30% for First Time Since January 2023
Pakistan’s Consumer Price Index (CPI) based inflation slowed down to 29.4 percent on a year-on-year (YoY) basis in June 2023… Read More
Govt Grants Extension in Exemption of Taxes to Erstwhile Tribal Areas
The government has granted a one-year extension in exemption from duties and taxes for the erstwhile tribal areas up to… Read More
PSX Rallies Over 2,400 Points After IMF Nod [Updated]
The Pakistan Stock Exchange (PSX) halted trade after an abnormal rally after a few minutes of the week’s first trading… Read More
Sindh High Court Removes All Roadblocks For JS Bank to Acquire BankIslami
Sindh High Court (SHC) has dismissed the applications against JS Bank’s (PSX: JSBL) acquisition of majority shares and control of… Read More
285.9: Rupee Gains Sharply Vs. US Dollar After SBP Interest Rate Hike
The Pakistani rupee gained good ground against the US Dollar during intraday trade today after opening trade at 286.5 in… Read More
World Bank Expects Food Inflation to Remain High in Pakistan
The World Bank has warned that prices continue to rise and are expected to remain high in Pakistan. The Bank… Read More
Govt Drops Important Pakistan Software Export Board and NTC Projects Due to Lack of Funds
The Federal Government has dropped important projects of the Pakistan Software Export Board (PSEB) and National Telecommunication Corporation (NTC) in… Read More
FBR Tax Collection Hits Rs. 7 Trillion But Still Short of Target By Rs. 640 Billion
Federal Minister for Finance and Revenue Ishaq Dar said Tuesday the Federal Board of Revenue’s (FBR) tax collection has surged… Read More
