Foreign companies’ repatriation of profits and dividends rose to $759 million in eight months of the financial year 2023-24, up… Read More
Rupee Appreciates 6th Day in a Row With Small Gains Against US Dollar
The Pakistani rupee gained some ground against the US Dollar after opening trade at 278 in the interbank market. It… Read More
Pak Rupee Rises 5th Consecutive Day Against US Dollar
The Pakistani rupee gained more ground against the US Dollar after opening trade at 277 in the interbank market. It… Read More
Increasing Used Car Imports Are Pressuring Pakistan’s Auto Industry: PAMA
Pakistan’s automotive industry is facing a serious surge in imports of used vehicles, following the government’s decision to eliminate protective… Read More
Premature Deindustrialization Has Hurt Pakistan’s Economy: PBC
The Pakistan Business Council (PBC) has warned that premature deindustrialization has hurt Pakistan’s economy by causing unemployment and a decrease… Read More
Rupee Appreciates 4th Day in a Row Against US Dollar
The Pakistani rupee rose marginally against the US Dollar after opening trade at 278 in the interbank market. It was… Read More
Systems Limited Posts 31% Profit Growth in 2023
Systems Limited (PSX: SYS) has announced its financial results for the calendar year 2023 whereby it posted a profit after… Read More
Profit Rates on National Savings Schemes Increased
The government has revised the rates of profit on national savings certificates and schemes by up to 24 bps. The… Read More
Rupee Ends Week in Green Against US Dollar, Other Currencies
The Pakistani rupee closed this week in green against the US Dollar after opening trade at 278 in the interbank… Read More
Weekly Inflation Drops to Lowest Level in 7 Months
The Sensitive Price Index (SPI) for the week ended on March 21, 2024 declined by 1.13 percent mainly due to… Read More
Post-Flood Aftershocks, COVID-19 Still Pose Major Economic Challenges to Pakistan: ADB
The devastating floods in 2022, impact of the COVID-19 pandemic, security issues, structural risks, and adverse external shocks continue to… Read More
Car Financing Plummets 20 Months in a Row
Car financing continued to fall 20 months in a row in the calendar year 2024, down 25 percent YoY to… Read More
