Pakistan’s trade numbers show an overall decline in the first half of the current fiscal year, and its export recovery… Read More
US Dollar Rate Likely to go From Bad to Worse If Supply Doesn’t Improve: Bostan
The US Dollar rate in the open market could get out of control if the greenback’s supply issues aren’t urgently… Read More
Rupee Plunges 26th Day in a Row After Exchange Companies Refuse to Sell US Dollars
The Pakistani Rupee (PKR) is slowly edging towards last year’s horrible lows against the US Dollar (USD) after falling for… Read More
Microsoft Reports Significant Dip in Profits Due to Poor Windows Performance
Microsoft has released its Q2 2023 financial results, reporting $52.7 billion in revenue and a net income of $16.4 billion,… Read More
Exchanges Agree to Buy US Dollars at 243 But Continue to Boycott Selling
The Pakistani rupee maintained its downward slump against the US Dollar with open market rates as high as 252.5 after… Read More
Steel Industry in Shambles as Scrap Imports Dip by 55% YoY
Pakistan’s steel sector has reached a decade low as scrap steel imports have nosedived by 55 percent year on year… Read More
SBP Mulls Over Opening LCs for Fuel Imports
The issue of pending/blocked letters of credit (LCs) for oil marketing companies (OMCs) and refineries will soon be resolved as… Read More
Rupee Falls 25th Day in a Row to 231.4 Against US Dollar After SBP Interest Rate Hike
The Pakistani Rupee (PKR) continued its fall against the US Dollar (USD) for the 25th consecutive day today. The PKR… Read More
Pakistan Should Switch to a Different Debt Repayment Program to Avoid Default
External debt restructuring is an eventuality for Pakistan and the country should try to convert its short-term external loans with… Read More
Pakistan Lost an Estimated Rs. 100 Billion in Yesterday’s Power Outage
Pakistan has lost around Rs. 100 billion due to the total blackout across the country on Monday as the government… Read More
Weekly Inflation Jumps 32% from Last Year as Onion, Chicken Prices Surge
The Sensitive Price Indicator (SPI) based inflation for the week ended January 19 remained unchanged, however, some increase was observed… Read More
Rupee Plummets 23rd Day in a Row Against US Dollar Despite ‘Big News’ From Russia
The Pakistani Rupee (PKR) continued its fall against the US Dollar (USD) for the 23rd consecutive day today. The PKR… Read More
