The caretakers last week raised gas prices once again to woo the International Monetary Fund (IMF). Previous gas bombs were… Read More
IT Exports Increase By 39% in January 2024
The IT and IT-enabled Services (ITeS) export remittances comprising computer services and call center services increased by around 39 percent… Read More
Pak Rupee Stable Against US Dollar But Loses Big Against British Pound
The Pakistani rupee was stable against the US Dollar today after opening trade at 279 in the interbank market. It… Read More
Pakistan Faces Alarming Debt Crisis and Economic Challenges: Report
A recent report by the think-tank Tabadlab has revealed concerning statistics regarding Pakistan’s debt situation and economic performance. The report… Read More
Pakistan’s Default Risk to Hover Again If No New Deal Signed With IMF Due to Political Turmoil
The close outcome of Pakistan’s election and resulting near-term political uncertainty may complicate the country’s efforts to secure a financing… Read More
Rupee Ends ‘Noisy’ Week With Small Gains Against US Dollar
The Pakistani rupee ended the week with gains against the US Dollar today after opening trade at 280 in the… Read More
2023 Was A Bad Year for Car and House Financing
Car financing continued to fall in the calendar year 2023, down 26 percent YoY to Rs. 251 billion by the… Read More
Rupee Fades Back to Red Against Major Currencies Amid Political Uncertainty
The Pakistani rupee was bearish against the US Dollar today after opening trade at 281 in the interbank market. It… Read More
PSO Posts Rs. 7.8 Billion Profit in First Half of FY24
Pakistan State Oil Company Limited (PSO) announced its financial result for 1HFY24 posting a profit after tax (PAT) of Rs.… Read More
Meezan Bank Posts Record-Breaking Annual Profit in 2023
Meezan Bank (MEBL) announced its highest-ever profit of Rs. 84.5 billion for the calendar year that ended on December 31,… Read More
Poor Govt Policies Are Hurting Agriculture and Food Security in Pakistan: World Bank
The World Bank, working with other partners, is preparing a series of Just-in-Time (JIT) Policy Notes that aim to address… Read More
FBR Unearths Rs. 300 Million Tax Evasion By Islamabad-Based Company
The Federal Board of Revenue (FBR) has unearthed alleged tax evasion amounting to Rs. 300 million, implicating M/s Warraich &… Read More
