China has spent $240 billion bailing out over 20 debtor countries since 2000, with $48.5 billion extended to Pakistan alone.… Read More
Refineries Refuse to Store Furnace Oil As Local Stock Continues to Rise
Furnace oil (FO) stocks have risen to 632,000 MT as power plants refuse to stockpile the fuel amid poor export… Read More
Profit Repatriation Declines by 80% in 8 Months of FY23
Foreign company repatriation of dollars fell 80 percent during the first eight months of the current fiscal year, mirroring low… Read More
Rupee Declines Against US Dollar, Other Currencies Despite Import Relief
The Pakistani rupee (PKR) reversed gains against the US Dollar and posted losses during intraday trade today. The Pakistani rupee… Read More
NA Panel Takes Notice of Rs. 247 Billion Owed to TCP by Provinces
The National Assembly Sub-Committee on Commerce on Monday took notice of the non-payment of dues of Rs. 247 billion by… Read More
Govt Likely to Miss Out on 3 Additional LNG Cargoes Amid Money Crunch
The government may not be able to purchase three additional cargoes of liquified natural gas (LNG) on the spot market… Read More
Nestle to Invest Rs. 3 Billion in Pakistan This Year
Despite high inflation and eroding purchasing power of the vast majority in Pakistan, consumer goods companies continued to flourish. This… Read More
Rupee Gains 2nd Day in a Row Against US Dollar
The Pakistani rupee (PKR) achieved further ground against the US Dollar and posted gains during intraday trade today. The Pakistani… Read More
Pakistan’s Import Restrictions Will Worsen The Economy: World Bank
Pakistan’s trade activities have slowed and import trends are pointing toward further decelerations to come, according to World Bank (WB)… Read More
Textile Industry is on The Verge of Collapse
Cotton scarcity and restrictions on opening Letters of Credit (LCs) for imports have harmed the textile industry’s exports, resulting in… Read More
Pakistan’s Real Effective Exchange Rate Drops to 86.4 in February
Pakistan’s Real Effective Exchange Rate (REER) decreased by 8 percent to 86.4 in February 2023. According to the latest monthly… Read More
Rupee Reverses Losses Against USD, Australian Dollar
The Pakistani rupee (PKR) reversed losses against the US Dollar and posted gains during intraday trade today. The Pakistani rupee… Read More
