The government has signed new loan agreements worth $3.904 billion with development partners during the first half (July-December) of the… Read More
PSX Sheds Over 550 Points During Intraday Crash After Imran Khan’s Arrest
Bears ran riot at the Pakistan Stock Exchange (PSX) today, with the benchmark KSE-100 index losing over 550 points in… Read More
Rupee Loses Big Against US Dollar Amid Political Turmoil
The Pakistani rupee (PKR) dropped further and posted heavy losses against the US Dollar today. The Pakistani rupee was all… Read More
OICCI Urges Abolishment of Super Tax in Budget 2023-24
The Overseas Investors Chamber of Commerce and Industry (OICCI) has recommended the government to abolish the Super Tax which was… Read More
Moody’s Says Pakistan Default Likely Without IMF Bailout
Moody’s Investor Service (Moody’s) says Pakistan may default if it does not receive a bailout from the International Monetary Fund… Read More
SHC Allows JS Bank to Proceed with Acquisition of BIPL
The Divisional Bench of the Sindh High Court (SHC) has directed JS Bank Limited (PSX: JSBL) to argue afresh the… Read More
PKR Ends 3-Day Win Streak Against US Dollar After IMF Delay
The Pakistani rupee (PKR) reversed last week’s gains and posted losses against the US Dollar today. The Pakistani rupee was… Read More
Fiscal Deficit Widens by 20% to Over Rs. 3 Trillion in 9 Months of FY23
Pakistan’s fiscal balance in the first nine months of the financial year 2022-23 (9MFY23) posted a deficit of Rs. 3,079… Read More
IMF Again Delays Bailout Package for Pakistan
The staff level agreement (SLA) between Pakistan and the International Monetary Fund (IMF) has been delayed yet again with the… Read More
Weekly Inflation in Pakistan Breaks All Records to Hit 48.35%
The Sensitive Price Indicator (SPI) based inflation for the week ended May 4, 2023, recorded an increase of 1.05 percent… Read More
Pakistan to Avert Near-Term Default, Bonds to Rise After Debt Rollover: Barclays
Pakistan’s sovereign bonds will probably rise in the near term as the country is expected to avert a default in… Read More
Energy Ministry Demands Rs. 1.54 Trillion in Power Subsidies for FY2023-24
The Ministry of Energy (MoE) wants Rs. 1.54 trillion in power subsidies for the fiscal year (FY) 2023-24 with the… Read More
