Remittances sent by overseas Pakistanis increased by 54 percent year-on-year (YoY) to $3.2 billion in May 2024 compared to inflows… Read More
SPI Inflation Spikes 2nd Week in a Row
The Sensitive Price Index-based inflation for the week ended June 6, 2024, increased by 0.45 percent due to increase in… Read More
Rupee Strengthens Against US Dollar to End Volatile Week
The Pakistani rupee (PKR) ended the week with gains against the US Dollar today after opening trade at 278 in… Read More
Pak Rupee Loses Further Ground Against Dollar 2nd Day in a Row
The Pakistani rupee (PKR) went down second day in a row against the US Dollar today after opening trade at… Read More
SECP Asks Govt Not to Treat Bonus Shares As Income in Budget 2024-25
The Securities and Exchange Commission of Pakistan (SECP) has proposed a reduction in withholding tax (WHT) on dividends in the… Read More
Pakistan to Seek $600 Million Loan From China For Upcoming Fiscal Year
Prime Minister Shehbaz Sharif and Finance Minister Muhammad Aurangzeb will meet with the Industrial and Commercial Bank of China (ICBC)… Read More
Rupee Stable But Closes in Red Against US Dollar Amid Budget Uncertainty
The Pakistani rupee (PKR) was stable against the US Dollar today after opening trade at 278 in the interbank market.… Read More
World Bank Likely to Restructure 1,410 MW Project to Extend Closing Date for $390 Million Loan
The World Bank is likely to restructure Tarbela Fourth Extension Hydropower Project (T4HP) to extend the closing date of IBRD… Read More
Rupee Gains Six Paisas Against US Dollar To End Session
The Pakistani rupee (PKR) rose slightly against the US Dollar today after opening trade at 278 in the interbank market.… Read More
Petroleum Sales Surge to Highest Level in 9 Months
Pakistan recorded monthly OMC sales of 1.39 million tons up by 7 percent year-on-year (YoY) and 26 percent month-on-month (MoM)… Read More
Used Cars Likely to Become More Expensive Next Fiscal Year
The federal government has proposed to increase the regulatory duty on the import of used vehicles in the upcoming federal… Read More
Rupee Starts June With Losses Against All Major Currencies Despite SBP News
The Pakistani rupee (PKR) suddenly fell against the US Dollar today after opening trade at 278 in the interbank market.… Read More
