Some economies in developing Asia are aging rapidly, however Pakistan, will still share lower than 10 percent by 2050, says… Read More
Govt Borrowing From Banks Hits Record Rs. 5.7 Trillion in Just 10 Months
The federal government has borrowed over Rs. 5.7 trillion from banks, official data from the State Bank of Pakistan (SBP)… Read More
Govt Asks World Bank to Restructure $230 Million Karachi Project
The government has requested the World Bank to restructure the “Competitive and Livable City of Karachi Project” worth $230 million,… Read More
Pakistan’s Wheat Imports Expected to Rise, Says World Bank
Wheat imports are expected to rise for key importing countries including Pakistan, according to the World Bank. The Bank in… Read More
FBR Incurs Rs. 53 Billion Shortfall in April Tax Collection
The Federal Board of Revenue (FBR) has suffered a massive revenue shortfall of Rs. 53 billion during the month of… Read More
Rupee Rises Slightly Against US Dollar After Much Awaited IMF News
The Pakistani rupee closed in green against the US Dollar today after opening trade at 278 in the interbank market.… Read More
Askari Bank’s Profit Declines By 21% in First 3 Months of 2024
Askari Bank Limited (PSX: AKBL) announced earnings (PAT) today for the first three months of 2024 (1QCY24) at Rs. 3.7… Read More
Pakistan’s Rice Exports May Exceed $4 Billion by End-FY24
Rice exports from Pakistan are on track to surpass $4 billion by the conclusion of the fiscal year 2023-24. Notably,… Read More
Systems Limited Profit Down 59% in First Quarter of 2024
Systems Limited (SYS) announced the financial result for 1QCY24 whereby the company posted a profit after tax (PAT) of Rs.… Read More
Samsung Made a Comeback in Q1 2024 With 10x Increase in Profit
Samsung has released its latest financial report today, covering the first quarter of 2024 and it shows a stark recovery… Read More
Standard Chartered Pakistan Posts 22.2% Profit Growth in Q1 2024
Standard Chartered Bank Pakistan Limited (SCBPL) delivered a strong performance, that has led to a growth of 53 percent in… Read More
Pak Rupee Stable At 278 Against US Dollar on IMF News
The Pakistani rupee was stable against the US Dollar after opening trade at 278 in the interbank market. It was… Read More
