The National Accountability Bureau (NAB) has initiated an inquiry into the Pakistan Telecommunication Authority’s (PTA) alleged failure to recover billions… Read More
SBP Has Enough Room to Cut Key Interest Rate By 6% in FY25: JP Morgan
JP Morgan has projected foreign exchange reserves held by the State Bank of Pakistan (SBP) to increase to $15 billion,… Read More
FFBL Posts Highest Ever Quarterly Profit of Rs. 6.2 Billion in Q2 2024
Fauji Fertilizer Bin Qasim (PSX: FFBL) announced its 2QCY24 financial result today, where it recorded its highest-ever unconsolidated quarterly profit… Read More
Salaried Class Paid Staggering 232% More Taxes Than Exporters and Retailers in FY24
Pakistan’s salaried class paid a record Rs. 368 billion in income taxes, 232 percent more than taxes paid by exporters… Read More
Rupee Posts Losses 3rd Day in a Row Against US Dollar After Mini-Budget News
The Pakistani rupee (PKR) dropped further against the US Dollar today after opening trade at 278 in the interbank market.… Read More
Honda Pakistan’s Q1 Profit Up 40% Despite Low Margins
Honda Atlas Cars (Pakistan) Limited (PSX: HCAR) announced its financial result for 1QMY25 today, posting a profit after tax of… Read More
Fauji Foods Posts Staggering 950% Profit Growth in Q2 2024
Fauji Foods Limited (PSX: FFL) reported a profit after tax of Rs. 234 million in April-June 2024 versus Rs. 22… Read More
Rupee Depreciates 2nd Day in a Row to 278.4 Against US Dollar
The Pakistani rupee (PKR) declined in value against the US Dollar today after opening trade at 278 in the interbank… Read More
Govt Speeds Up PIA Sale: Framework Finalized to Offload Airline Losses
The federal government has accelerated the privatization process of Pakistan International Airlines (PIA) and finalized a framework for distributing the… Read More
Power Generation Goes Down in June Despite 11% Cheaper Fuel
Power generation in the country went down by 2 percent YoY to 13,461 gigawatts per hour (GWh) in June 2024,… Read More
PSX Crashes By Over 1,500 Points to Close Below 79,000
Bears wrecked the Pakistan Stock Exchange (PSX) on Monday with the benchmark KSE-100 index losing over 1,700 points in intraday… Read More
Rupee Again Loses Ground Against US Dollar, UAE Dirham
The Pakistani rupee (PKR) started the new week with losses against the US Dollar today after opening trade at 278… Read More
