Pakistan’s dollar bonds fell to their lowest level in more than a month as the economy struggles to recover from… Read More
Rupee Loses Big Against US Dollar As Political and Economic Risks Rattle Markets
The Pakistani Rupee (PKR) dropped further against the US Dollar (USD) and posted losses during intraday trade today. It depreciated… Read More
Childhood Stunting is Undermining Pakistan’s Human Development Potential: WB
Over 40 percent of Pakistani children under five are stunted compared to 38 percent in Afghanistan and 35 percent in… Read More
Petroleum Sales Drop by 22% in August
Total petroleum sales settled at 1.53 million tons in August 2022, witnessing a decrease of 22 percent Year-on-Year (YoY). According… Read More
Rupee Ends Week With Losses Against US Dollar After Bad News From IMF
The Pakistani Rupee (PKR) reversed gains against the US Dollar (USD) and posted losses during intraday trade today. It depreciated… Read More
IMF Sees Pakistan’s Gross Financing Needs At 8.8% of GDP in FY23
The International Monetary Fund (IMF) has projected Pakistan’s gross external financing needs at $30.757 billion for the fiscal year 2022-23,… Read More
Saudi Arabia to Provide Rs. 44 Billion for Connecting Azad Kashmir to CPEC
Kingdom of Saudi Arabia has agreed to fund the construction of an expressway connecting Azad Jammu Kashmir with the China… Read More
IMF Forecasts Pakistan’s External Debt to Soar Above $140 Billion in FY23
The International Monetary Fund (IMF) has projected Pakistan’s external debt to reach $140.959 billion in 2022-23, up from $130.127 billion… Read More
Hascol Identifies Restructuring Model for Reviving Business As Outlook Remains Grim
Hascol Petroleum Ltd (HASCOL) held a corporate briefing session to discuss future plans and the outlook for the business. According… Read More
Rupee Posts Modest Gains Against US Dollar After SBP Receives IMF Funds
The Pakistani Rupee (PKR) rose further against the US Dollar (USD) and posted gains during intraday trade today. It appreciated… Read More
Pakistan Made Over 14 Million Mobile Phones in Jan-Jul 2022
Local manufacturing plants produced/assembled 14.94 million mobile phone handsets during the first seven months (January-July) of 2022 compared to 1.16… Read More
Pakistan Records Highest Inflation in Almost 50 Years
Pakistan’s Consumer Price Index-based inflation (CPI) increased by 27.3 percent on a year-on-year basis in August 2022 as compared to an increase… Read More
