Pakistan Equities outperformed major asset classes in 2024. The benchmark KSE 100 Index provided a gain of 75 percent (January… Read More
Mutual Funds Behind Historic PSX Rally As Investors Shift from Fixed Income to Equities
Pakistan’s market has returned 35 percent in both rupee and US dollar terms due to strong net inflows via local… Read More
Bank Depositors Surge Over 79 Million in Pakistan
Depositors of scheduled banks surged to over 79.2 million out of which more than 78 million are eligible depositors and… Read More
FBR Imposes Up to 300% Penalties on Sugar Mills For Tax Violations, Suspends 9 Corrupt Officers
The Federal Board of Revenue (FBR) has launched an enforcement drive against non-compliant sugar mills across the country with up… Read More
Islamic Banking Deposits Climb to Rs. 7.4 Trillion
The Deposit Protection Corporation (DPC) has announced the release of its fourth Annual Report for the fiscal year ended June… Read More
Rupee Ends Losing Streak Against US Dollar, Gives British Pound a Beating
The Pakistani rupee (PKR) ended the week reversing its 3-day losing streak against the US Dollar (USD) today after opening… Read More
National Adoption of Digital Payments Will Create 4 Million Jobs, Add $263 Billion in Deposits: Report
The national adoption of digital payments could not only reduce the size of the informal and cash economy but it… Read More
World Bank Moderately Satisfied With $425 Million Transmission Modernization Project
The World Bank has rated the implementation of ‘National Transmission Modernization Project’ of $425 million as moderately satisfactory, observing that… Read More
Rupee Posts Losses for 3rd Successive Day Against US Dollar, Other Currencies
The Pakistani rupee (PKR) lost further ground 3rd day in a row against the US Dollar (USD) today after opening… Read More
Rupee Miserably Loses More Value 2nd Day in a Row Against US Dollar
The Pakistani rupee (PKR) lost further ground 2nd day in a row against the US Dollar (USD) today after opening… Read More
Only 1 in 5 Pakistanis Believe Country is Headed in Right Direction: Survey
Only 1 in 5 Pakistanis believe that the country is headed in the right direction with males and lower income… Read More
ADB Revises Pakistan’s FY25 Growth Forecast Upwards
Pakistan’s gross domestic product (GDP) growth is projected to grow further by 3 percent in fiscal year 2025 compared to… Read More
