The cut-off yields on Treasury Bills (T-Bills) were down by up to a single basis point in the auction of… Read More
Circular Debt Soars by Rs. 303 Billion to Rs. 2.6 Trillion in July-October
The power sector’s circular debt has increased by Rs. 303 billion to a staggering Rs. 2.6 trillion during the first… Read More
Pakistani Banks Post Highest-Ever Quarterly Profit of Rs. 85 Billion in July-September
Banks have hit their highest-ever quarterly earnings during 3QCY22. The top 16 banks have posted profits of Rs. 85 billion,… Read More
U Bank’s Profit Surpasses Rs. 1 Billion in 9 Months of 2022
U Microfinance Bank maintained its profitability spree in the current year as its profit surpassed Rs. 1 billion in the… Read More
Rupee Drops Sharply Against US Dollar After ‘League of Legends’ Goes to China
The Pakistani Rupee (PKR) reversed gains against the US Dollar (USD) and posted losses during intraday trade today. It depreciated… Read More
Free Electricity for Power Sector Employees is Costing Rs. 6.4 Billion
The cost of free electricity for the employees of government-owned power sector entities has swelled to Rs. 6.4 billion excluding… Read More
Petroleum Sales Fall by 17% in October
Overall petroleum demand in October was stagnant at 1.66 million tons, depicting a decline of 17 percent year-on-year (YoY). According… Read More
Faysal Bank’s Assets Touch Rs. 1 Trillion Mark
Faysal Bank Limited (FBL) has achieved the landmark of Rs. 1 trillion mark in balance sheet footings with a record… Read More
Rupee Kicks Off November With Gains Against US Dollar
The Pakistani Rupee (PKR) rose further against the US Dollar (USD) and posted gains during intraday trade today. It appreciated… Read More
Inflation Soars to Over 26% in October Due to Higher Food and Fuel Prices
Pakistan’s Consumer Price Index-based inflation increased to 26.6 percent on a year-on-year (YoY) basis in October 2022 as compared to… Read More
Pakistan and China Likely to Approve Rs. 42 Billion Gwadar Breakwater Project
Pakistan and China are likely to sign a Framework Agreement on the Development of a Breakwater at Gwadar Port, worth… Read More
NetSol Technologies Records 23% Drop in Profits
NetSol Technologies reported a profit of Rs. 149 million in the first quarter of the financial year 2022-23, on a… Read More
