Pakistan’s Consumer Price Index (CPI) based inflation slowed to 11.1 percent on a year-on-year basis in July 2024 as compared… Read More
Hascol Losses Reduce by 75% in Q1 2024
Hascol Petroleum Limited has announced its financial results for the three months ended 31 March 2024. The company has posted… Read More
Rupee Falls 3rd Day in a Row Against US Dollar As Uncertainty Worsens
The Pakistani rupee (PKR) lost further ground against the US Dollar today after opening trade at 278 in the interbank… Read More
Pakistan Likely to Get $12 Billion Loan Rollover From China, KSA, UAE Soon
Pakistan is likely to get $12 billion in debt rolled over from China, Saudi Arabia and UAE soon, Finance Ministry… Read More
Engro Fertilizers’ Profit Up 73% in First Half of 2024
Engro Fertilizers Limited (PSX: EFERT) announced its financial results for 1HCY24 posting a consolidated profit after Tax (PAT) of Rs.… Read More
S&P Global Maintains CCC+ Rating for Pakistan Amid Political Risks
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
