Pakistan’s auto sector has nose-dived by 57% of its market value from its peak in May 2017. The auto industry… Read More
Pakistan’s Old Debts Will Expose it to Costlier Debt Financing: Moody’s
Moody’s Investors Service says that international bonds issued by frontier market governments including Pakistan, Sri Lanka, Asia Pacific and Africa… Read More
SECP Wants Insurance Sector to Do Their Due Diligence
The SECP has proposed to issue directions to the insurance sector that more information needs to be provided about sponsors,… Read More
Experts See Pak Rupee Depreciating Further by 5pc
Despite the rupee saw its largest single-day drop against the dollar on Tuesday, experts say the Pakistan Rupee (PKR) is… Read More
China Has No Objection on Saudi Arabia’s Joining of CPEC: Ambassador
Notwithstanding the PTI-led government’s initial enthusiasm about Saudi Arabia’s proposed joining of China-Pakistan Economic Corridor (CPEC) project and subsequent clarification… Read More
PSX Closes 287.25 Points Up at 38792
Pakistan Stock Market on Wednesday closed 287.25 points up at 38792 during an eventful trading day during which market moved… Read More
State Bank to Issue a Commemorative Rs. 50 Sir Syed Ahmed Khan Coin
Sir Syed Ahmed Khan was a renowned author, educationist and Muslim reformer of 19th Century, who laid the foundation of… Read More
PSX Places PIA in Defaulters Segment
The Pakistan Stock Exchange (PSX), on Tuesday, placed Pakistan International Airlines Corporation Limited (PIA) in the defaulters’ segment for not… Read More
SBP Officially Confirms Rupee’s Massive Devaluation Against US Dollar on Tuesday
State Bank of Pakistan (SBP) has officially admitted that the exchange rate in the interbank market closed at PKR 133.64… Read More
Another Fake Account with Transactions of Millions of Rupees Discovered in Karachi
After the ‘billionaire’ Karachi falooda vendor, another fake account has been unearthed in Karachi which was used for millions of… Read More
Bull Leads PSX Recovery, Index Up by 606.55 Points
Pakistan Stock Exchange on Tuesday positively reacted to the government’s announcement to go for International Monetary Fund (UMF) Programme for… Read More
Hascol Acquires Marshal Gas Limited’s LPG Business for Rs. 175 Million
Hascol Petroleum Limited has announced its acquisition of the Liquefied Petroleum Gas (LPG) business from Marshal Gas (Private) Limited, on… Read More
Malik Riaz’s Investment Bank Reports Huge Losses
Escorts Investment Bank, owned by Malik Riaz through Bahria Town, reported huge losses of Rs. 154 million in the financial… Read More
Pakistan Petroleum Limited Discovers More Oil Reserves in Sindh
Pakistan Petroleum Limited has just announced its 8th discovery of Hydrocarbons this year. Pakistan Petroleum Limited (PPL), with the joint… Read More
SBP Issues Warning to Banks Over Unauthorized Access of Customer Data
State Bank of Pakistan (SBP) has observed that customers’ information is being accessed by unauthorized persons within the banking system.… Read More
