Service GlobalFootwear Limited (PSX: SGF) announced its 1HCY24 financial result with an unconsolidated profit after tax of Rs. 461 million,… Read More
Rupee Recovers Against US Dollar, Other Currencies to End Tough Week
The Pakistani rupee (PKR) revered its 2-day losing streak to close current week with small gains against the US Dollar… Read More
Rising Costs, Taxes, Eroding Purchasing Power Are Slowing Down Real Estate Market Activities: Report
The real estate market in Pakistan has also been heavily impacted by recent economic challenges, including the high cost of… Read More
Here’s How Much Interest Pakistan Was Charged on the 2023 IMF Loan
Pakistan has so far paid $2.4 billion interest on loans received from the International Monetary Fund (IMF), Finance Division officials… Read More
6-Month KIBOR Declines By 63 Basis Points As Market Expects Another SBP Rate Cut
The 6-Month Karachi Inter-Bank Offered Rate (KIBOR), a benchmark for lending to consumers and businesses, fell by 63 basis points… Read More
Rupee Loses More Value Against US Dollar, Crashes Against British Pound
The Pakistani rupee (PKR) lost further ground against the US Dollar today after opening trade at 278 in the interbank… Read More
Pakistan Refinery Posts Whopping 123% Profit Growth for FY24
Pakistan Refinery Limited (PRL) has concluded the fiscal year 2023-24 with exceptional financial and operational performance, marking one of the… Read More
Engro Corp Profit Declines by 42% in First Half of 2024
Engro Corporation Limited (ENGRO) announced its 1HCY24 financial result with a consolidated profit after tax of Rs. 6.261 billion, depicting… Read More
Allied Bank Posts Highest Ever Quarterly Profit in Q2 2024
Allied Bank Limited (PSX: ABL) announced earnings today for 2QCY24 at Rs. 12.5 billion, depicting an uptick of 25 percent… Read More
Rupee Suddenly Ends 4-Day Winning Streak Against US Dollar
The Pakistani rupee (PKR) was bearish against the US Dollar today after opening trade at 278 in the interbank market.… Read More
Roshan Digital Account Inflows Decline to $161 Million in July
Gross foreign exchange inflows through the Roshan Digital Accounts (RDAs) stood at $161 million in July 2024, compared to $200… Read More
Govt Plans to Borrow Rs. 32 Trillion This Fiscal Year
The federal government has unveiled a bold plan to borrow Rs. 32 trillion during the fiscal year 2024-25 to finance… Read More
