The total liabilities profile of the Trading Corporation of Pakistan (TCP) (Pvt.) Limited stands at Rs. 127.45 billion as of… Read More
Telecom Revenues Grew 6% During 2021-22
The telecom sector’s outstanding progress has resulted in a record-high revenue of Rs. 694 billion, which is up by 6… Read More
Rupee Drops 15th Day in a Row Against US Dollar Despite Investment News
The Pakistani Rupee (PKR) continued its fall against the US Dollar (USD) for the 15th straight day today, with rates… Read More
Pakistan’s Textile Industry Terminates 70 Lac Employees
Approximately seven million people in the textile and textile-related industries have been laid off due to low exports and the… Read More
Sui Southern Reports Huge Rs. 2.263 Billion Profit for FY21
Sui Southern Gas Company Limited (SSGC) finally announced a consolidated profit after tax of Rs. 2.263 billion in the financial… Read More
Rupee Closes At 227.14 Against US Dollar, Open Market Rate Goes Above 265
The Pakistani Rupee (PKR) fell against the US Dollar (USD) and posted losses during intraday trade today. It depreciated by… Read More
Banks Start Charging Dollar Transactions at Exorbitant Market Rates As SBP Refuses to Help
Banks have started settling international transactions through the open market since the State Bank of Pakistan (SBP) isn’t releasing any… Read More
Gold Rates Down By Over Rs. 5,000 Per Tola After US Dollar Rises
Gold prices in Pakistani markets nosedived on Thursday after international rates remained bearish despite expectations of inflation easing during 2023.… Read More
Bank Profits Could Fall Up to 11% if Govt Taxes Forex Income
The imposition of a 10-30 percent tax on the banking sector’s foreign exchange income will impact the profits of banks… Read More
Rupee Drops 12th Day in a Row After Dar’s Default Comments Hurt Markets
The Pakistani Rupee (PKR) fell against the US Dollar (USD) and posted losses during intraday trade today. It depreciated by… Read More
Pakistan’s Cement Sales Plunge 20.7% in First 6 Months of FY23
Pakistan’s cement sales declined by 20.73 percent in the first six months of the financial year 2022-23 as total cement… Read More
China and Saudi Arabia to ‘Help’ Pakistan Avoid Default: Ishaq Dar
Pakistan’s risk of default is expected to die away this month after forex inflows from China and Saudi Arabia. Finance… Read More
