The State Bank of Pakistan (SBP) released the Annual Report on the State of Pakistan’s Economy for the fiscal year… Read More
Pak Elektron Limited Posts 97% Profit Growth in 9 Months
Pak Elektron Limited (PAEL) announced its 3Q2024 result wherein it posted earnings of Rs. 448 million (EPS of Rs. 0.52)… Read More
Rupee Barely Ends 3-Day Losing Streak Against US Dollar
The Pakistani rupee (PKR) posted small gains against the US Dollar (USD) after opening trade at 278 in the interbank… Read More
Bank Alfalah Reports 23.5% Profit Growth in 9 Months
The Board of Directors of Bank Alfalah Limited, in its meeting held on October 17, 2024, approved the Bank’s financial… Read More
Salaried Class Paid 1,550% More Tax Than Retailers in July-September
The salaried class paid Rs. 111 billion or 1,550 percent higher tax than traders during the first quarter of the… Read More
IMF Advises Pakistan to Spend 1% of its GDP Against Climate Shocks
The International Monetary Fund (IMF) has advised Pakistan to spend one percent of its GDP to protect itself against climate… Read More
Govt Repays Loan of Rs. 92 Billion to Local Banks
The federal government has paid back over Rs. 92 billion to local banks in the current fiscal year after amassing… Read More
Rupee Down 3rd Day in a Row Against US Dollar, Stays At 277
The Pakistani rupee (PKR) posted losses third day in a row against the US Dollar (USD) after opening trade at… Read More
Cash in Circulation Rises By Rs. 214.5 Billion in A Week
Cash holdings in Pakistan have recorded a substantial increase of Rs. 214.5 billion in the week that ended on 4… Read More
FTSE Benchmarked Fund Sells 50% Position in Pakistani Stocks
Based on the September 2024 holding analysis, the FTSE benchmarked fund Vanguard has sold approximately $82.5 million worth of stocks… Read More
Pakistani Bond Market Set for First Inflow in 5 Years Due to Stable Rupee, High Yields
The local debt market is headed for its first annual inflow in five years due to high yields and a… Read More
Rupee Ends Today’s Session With More Losses Against US Dollar
The Pakistani rupee (PKR) posted losses second day in a row against the US Dollar (USD) after opening trade at… Read More
