HBL today declared a consolidated profit after tax of Rs. 8.6 billion for the first quarter of 2022, higher than… Read More
Govt to Cut Development Budget by 50% During Current Fiscal Year
The government is likely to impose more than a 50 percent cut on the developmental budget of some Ministries/Division, with… Read More
Higher Import Duties Wont Solve Pakistan’s Balance of Payments Crisis: WB Economist
Higher import duties to tackle Pakistan’s Balance of Payments (BOP) problem is the wrong advice since it won’t deliver on… Read More
Engro Fertilizers Reports a 4% Dip in Q1 Profits
Engro Fertilizers Limited (EFERT) has posted a consolidated profit after tax of Rs. 5.511 billion for the quarter that ended… Read More
Engro Polymer & Chemicals Ltd Posts Rs. 4.71 Billion Profit in Q1
Engro Polymer and Chemicals Limited (EPCL) has posted a profit after tax of Rs. 4.717 billion for the quarter that… Read More
Bank Al Habib Records Profit of Rs. 4.96 Billion In Q1 CY2022
Bank Al Habib posted a profit of Rs. 4.96 billion, showing a modest growth of 7.88 percent during the first… Read More
Rupee Sees One of Biggest Crashes Against US Dollar Since 2021 After WB Forecast
The Pakistani Rupee (PKR) continued its fall against the US Dollar (USD) and reported losses in the interbank market today.… Read More
PSO’s Financial Burden Worsens as it Grapples With Supply Management Issues
Pakistan State Oil (PSO) is currently grappling with oil supply management issues as private entities and banks prefer to restrict… Read More
Rupee Crashes Against US Dollar, Ending 7-Day Winning Streak After IMF News
The Pakistani Rupee (PKR) reversed gains against the US Dollar (USD) and reported losses in the interbank market today. The… Read More
Rupee Continues Good Run Against US Dollar 6th Day in a Row
The Pakistani Rupee (PKR) continued its impressive run against the US Dollar (USD) and reported gains in the interbank market… Read More
Large Scale Manufacturing Grows by 7.8% in July-February FY22
The overall output of Large Scale Manufacturing Industries (LSMI) increased by 7.8 percent in July-February 2021-22 compared to July-February 2020-21… Read More
SBP Reserves Decline by $470 Million in One Week
The foreign reserves held by the State Bank of Pakistan (SBP) witnessed outflows of $470 million in the week that… Read More
