The World Bank’s Board of Executive Directors is likely to approve $150 million in financing for “Pakistan: Digital Economy Enhancement… Read More
Pakistan Received $6.67 Billion in Foreign Loans During 8 Months of FY24
The country borrowed $6.678 billion from multiple financing sources during the first eight months (July-February) of the current fiscal year… Read More
Pakistan’s IT Sector Continues to Outpace Country’s GDP
Over the last decade or so, Pakistan’s economy has struggled to maintain a high sustainable growth rate amid mounting pressures… Read More
Panther Tyres Spends Nearly Rs. 2 Billion to Expand Operations
Panther Tyres Ltd (PSX: PTL) has spent Rs. 1.986 billion for expansion, development and working capital requirements, the company’s final… Read More
Rupee Stable Against US Dollar But Crashes Against Other Currencies
The Pakistani rupee closed in the gren against the US Dollar after opening trade at 278 in the interbank market.… Read More
Rupee Posts Gains Against US Dollar After IMF Announcement
The Pakistani rupee reversed yesterday’s losses against the US Dollar after opening trade at 278 in the interbank market. But… Read More
Foreign Direct Investment Up by 16% in February 2024
The Foreign Direct Investment (FDI) in the country increased by 16 percent year-on-year (YoY) to $140 million in February 2024,… Read More
Rupee Fails to Extend 5-Day Winning Streak Against US Dollar After SBP News
The Pakistani rupee reversed its 5-day winning streak against the US Dollar after opening trade at 279 in the interbank… Read More
Power Generation Declines Further While Fuel Cost Jumps 9% in February 2024
Power generation in the country went down by 8 percent YoY to 7,117 gigawatts per hour (GWh) in February 2024,… Read More
World Bank to Consider $78 Million Digital Economy Enhancement Project For Pakistan This Week
The World Bank’s Board of Executive Directors will consider the approval of “Pakistan: Digital Economy Enhancement Project (DEEP)” worth $78… Read More
Rupee Rises 5th Day in a Row Against US Dollar On High Expectations
The Pakistani rupee gained more ground against the US Dollar after opening trade at 278 in the interbank market. It… Read More
SBP Keeps Interest Rate Unchanged At 22%
The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) has decided to keep the policy rate unchanged… Read More
