The Standard and Poor (S&P Global Ratings) affirmed its ‘CCC+’ long-term sovereign credit rating and ‘C’ short-term rating for Pakistan.… Read More
FFC Posts Highest Ever Quarterly Profit of Rs. 15.5 Billion in Q2 2024
Fauji Fertilizer Company Limited (PSX: FFC) has announced its financial results for the quarter that ended on June 30, 2024,… Read More
Rupee Closes in Red Against US Dollar, British Pound Despite Good News From SBP
The Pakistani rupee (PKR) closed in red against the US Dollar today after opening trade at 278 in the interbank… Read More
Rupee Reverses Last Week’s Gains Against US Dollar Despite Fitch Upgrade
The Pakistani rupee (PKR) reversed gains against the US Dollar today after opening trade at 278 in the interbank market.… Read More
Fitch Ratings Upgrades Pakistan’s Outlook to CCC+
FitchRatings has upgraded Pakistan’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘CCC+’ from ‘CCC’. The upgrade reflects greater certainty over… Read More
Foreign Companies in Pakistan Send Highest-Ever Profit Abroad in 6 Years
Foreign companies’ repatriation of profits and dividends rose to $2,215 million in the financial year 2023-24, up by 6.7x percent… Read More
Pakistan Falls Short of $17.6 Billion Loan Target For FY24, Received Only $9.81 Billion
The country borrowed $9.811 billion from multiple financing sources during the fiscal year 2023-24. If the International Monetary Fund (IMF)… Read More
ADB Approves $400 Million Loan for Constructing Housing Infrastructure in Sindh
The Asian Development Bank (ADB) approved a $400 million concessional loan to support the reconstruction of houses and community infrastructure… Read More
Rupee Closes in Green 2nd Consecutive Day Against US Dollar
The Pakistani rupee (PKR) gained small ground against the US Dollar today after opening trade at 278 in the interbank… Read More
FBR Slightly Lowers FY25 Tax Collection Target After IMF Approval
The Federal Board of Revenue (FBR) has slightly lowered its annual tax collection target downward from Rs. 12.97 trillion to… Read More
Rupee Posts Gains Against Popular Currencies After 3 Days
The Pakistani rupee (PKR) recovered against the US Dollar today after opening trade at 278 in the interbank market. It… Read More
NAB Launches Inquiry into PTA’s Failure to Recover LDI & WLL Dues
The National Accountability Bureau (NAB) has initiated an inquiry into the Pakistan Telecommunication Authority’s (PTA) alleged failure to recover billions… Read More
