The Pakistani Rupee (PKR) tumbled against the US Dollar (USD) and posted big losses during intraday trade today. It depreciated… Read More
Rupee Loses Big As US Dollar Surge Wreaks Havoc Against Global Markets
The Pakistani Rupee (PKR) slid further against the US Dollar (USD) and posted big losses during intraday trade today. It… Read More
Dollar Interbank-Open Market Gap Here to Stay — At Least For Now
The gap between interbank and open market rates has cautioned money changers about an imminent currency bedlam that could arise… Read More
Rupee Crashes 4th Day in a Row As Dollar Shortage Disrupts Currency Market
The Pakistani Rupee (PKR) collapsed further against the US Dollar (USD) and posted losses during intraday trade today. It depreciated… Read More
Staggering Expenses of Telcos Threaten 5G Development in Pakistan
Three out of four Mobile Network Operators (MNO) s’ annual expenses in Pakistan on the spectrum are above 10 percent… Read More
Pakistani Startups Have Raised Over $320 Million in 2022 So Far
Pakistani startups raised $322 million through 48 high-profile rounds during the calendar year (CY) 2022 to date. Kalsoom Lakhani, General… Read More
Govt to Cut Development Budget by Rs. 100 Billion to Support Flood-Hit Areas
The Federal Government is likely to impose a cut of up to Rs. 100 billion on the Public Sector Development… Read More
Govt Debt Skyrockets Over Rs. 50 Trillion in July Due to PKR Devaluation
The federal government’s debt stock swelled by Rs 2.720 trillion to hit Rs. 50.503 trillion during the first month of… Read More
Rupee Falls Sharply Against Major Currencies As Economic Woes Intensify
The Pakistani Rupee (PKR) crashed against the US Dollar (USD) and posted huge losses during intraday trade today. It depreciated… Read More
Discos Pay Rs. 268 Billion to IPPs in Last Quarter of Previous Fiscal year
The power distribution companies (DISCOS) paid capacity payments of Rs. 268 billion to Independent Power Producers (IPPs) during the last… Read More
Roshan Digital Accounts Record Lowest Inflows Since March 2021
Roshan Digital Accounts (RDA) received inflows of $187 million in August from overseas Pakistanis, while 15,388 news accounts were opened… Read More
Moody’s Rates IMF Bailout Revival As Credit Positive for Pakistan
The International Monetary Fund’s (IMF) approval of a $1.1 billion disbursement and loan programme enhancement, is a credit positive for… Read More
