The Sensitive Price Indicator (SPI)-based inflation for the week ended June 1, 2023, increased by 0.03 percent due to an… Read More
Rupee Ends Week With Losses Against US Dollar, Other Currencies
The Pakistani rupee slid against the US Dollar during intraday trade today after opening trade at 285.18 in the interbank… Read More
Crypto Trading in Pakistan Rises Rapidly in 2023 Amid Rupee Depreciation
While Pakistani authorities said on May 17 that they’re working to get cryptocurrencies banned in the country, a survey by… Read More
Petroleum Sales Down by 40% in May
Total petroleum sales arrived at 1.30 million tons in May 2023, plunging by 40 percent year-on-year (YoY) amid a surge… Read More
Pakistan Exported 90,000 Tons of Fuel Oil in May
Pakistan exported 90,000 tons of surplus fuel oil in May 2023 due to poor local demand in recent months. Fuel… Read More
Govt Clears 10 Development Projects Worth Rs. 114.5 Billion
The Central Development Working Party (CDWP) under the esteemed chairmanship of Federal Minister for Planning, Development & Special Initiatives, Ahsan… Read More
Higher Food Prices Push Annual Inflation to Record High of 38% in May
The Consumer Price Index (CPI)-based inflation increased to 38 percent on a year-on-year basis in May 2023 as compared to… Read More
Pakistan to Negotiate New IMF Programme After Budget
The Government of Pakistan will negotiate a new programme with the International Monetary Fund (IMF) right after the new budget.… Read More
Silkbank Approves MCB’s Request for Due Diligence Over Potential Acquisition
Silkbank Limited (PSX: SILK) has approved MCB Bank Limited’s (PSX: MCB) request to conduct due diligence, the bank told the… Read More
Engro Fertilizer Resumes Urea Production At Base Plant
Engro Fertilizers Limited (PSX: EFERT) has resumed urea production at its base plant after nearly a month, the company informed… Read More
Exploration Companies Want Budgetary Grant of Rs. 500 Billion in FY23-24
Oil and gas exploration and production (E&P) firms have requested a tariff differential subsidy of at least Rs. 500 billion… Read More
Rupee Gains Big Against US Dollar As Open Market Rate Hits 290 After Big Move By SBP [Updated]
The Pakistani rupee reported big gains against the US Dollar during intraday trade today after opening trade at 285.5 in… Read More
