In order to avoid penalties from the banking regulator for failing the target Advance-to-Deposit ratio, banks have been aggressively lending… Read More
PSX Closes At New All-Time High After Market Activity Hits 7.5 Year High
The Pakistan Stock Exchange (PSX) achieved another milestone as market activity surged to a 7.5-year high after the main bourse… Read More
Rupee Ends 4-Day Losing Streak Against US Dollar to Start December 2024
The Pakistani rupee (PKR) closed in green to start December against the US Dollar (USD) today after opening trade at… Read More
NITB Uncovers Irregularities Worth Rs. 2.77 Billion in Wheat Seed Subsidy Program
Data shared by the National Information Technology Board (NITB) has uncovered major irregularities in the wheat seed subsidy program for… Read More
Pakistan’s Inflation Falls to Lowest Level in 6.5 Years
Pakistan’s Consumer Price Index (CPI) based inflation slowed to 4.9 percent on a year-on-year basis in November 2024 as compared… Read More
World Bank Rates $213 Million Flood Relief Project in Pakistan As Moderately Unsatisfactory
The World Bank (WB) has rated the overall implementation progress of the “Integrated Flood Resilience and Adaptation Project (IFRAP)”, of… Read More
FBR Incurs. Rs. 166 Billion Shortfall in November Tax Collection
The Federal Board of Revenue (FBR) has collected Rs. 837 billion during November 2024 against the target of Rs. 1,003… Read More
Rupee Ends Week in Red After 4th Consecutive Decline Against Top Currencies
The Pakistani rupee (PKR) closed in red 4th day in a row against the US Dollar (USD) today after opening… Read More
Weekly Inflation Decreases Slightly Due to Small Decline in Food Prices
The Sensitive Price Index (SPI) based inflation for the week ended November 28, 2024 decreased by 0.03 percent due to… Read More
FBR Faces Rs. 344 Billion Tax Revenue Shortfall in First 5 Months of FY25
The Federal Board of Revenue (FBR) is projected to miss its tax collection target by over Rs. 344 billion during… Read More
Audit Reveals Rs. 39.67 Million Revenue Loss Due to Lapsed IT Company Registrations
The Auditor General of Pakistan has identified a significant revenue loss of Rs. 39.67 million for the Pakistan Software Export… Read More
Rupee Continues Losing Streak 3rd Day in a Row Against Major Currencies
The Pakistani rupee (PKR) closed in red third day in a row against the US Dollar (USD) today after opening… Read More
