The withholding tax collection from the salaried class witnessed 29.2 percent growth in 2021-22 as compared to the corresponding period… Read More
PSX Among Worst Performing Markets in the World in 2022
Economic and political issues badly affected the Pakistan Stock Exchange (PSX) during the calendar year 2022. According to Topline Securities,… Read More
Rupee Ends 2022 With Losses Against US Dollar As Default Fears, Low Reserves Dictate Trends
The Pakistani Rupee (PKR) struggled against the US Dollar (USD) and posted losses during intraday trade today. It depreciated by… Read More
Another Mini-Budget on the Cards As Govt Aims to Raise Rs. 60 Billion Via Ordinance
A mini-budget is most likely on the cards as the government wants to raise an additional Rs. 60 billion revenue… Read More
Oil Firms Allegedly Default on Paying Rs. 1.13 Billion Royalty to Govt
Prominent oil firms have been found allegedly defaulting on paying royalties to the government amounting to around Rs. 1.13 billion… Read More
Pakistan’s Forex Reserves Drop to Critical Level, Lowest Since 2014
Foreign reserves held by the State Bank of Pakistan (SBP) witnessed a substantial outflow of $294 million in the week… Read More
Rupee Hopelessly Falls 8th Day in a Row Against US Dollar Despite Oil Drop
The Pakistani Rupee (PKR) dropped further against the US Dollar (USD) and posted losses during intraday trade today. It depreciated… Read More
PSO on the Verge of Collapse With Fuel Supply Disruption Likely
Pakistan State Oil’s (PSO) liabilities have ballooned to Rs. 235.22 billion as unresolved payments to refineries and fuel import orders… Read More
Pakistani Islamic Banks Leave Behind Conventional Banks With Record Growth of 87.5% in 2022
The Islamic banking industry (IBI) has left behind the conventional banking industry by wide margins, showing a handsome pre-tax profit… Read More
Foreign Investment Numbers in Pakistan Crash After 83% Drop in Profit Repatriation
Dollar outflows and the deteriorating state of the economy have made Pakistan one of the least desired moneymaking markets for… Read More
Public Sector Development Slows to 18% Amid Financial Crunch, IMF Pressure
The Prime Minister-led Federal Government has slowed down the pace of development activities due to the financial crunch and pressure… Read More
NHA Facing Financial Crunch As Govt Blocks Funds for Development Projects
National Highway Authority (NHA) is facing the brunt of overall financial constraints with the government as it is getting lower… Read More
