Asset Management Companies (AMCs) in Pakistan continued to attract inflows of funds from individual investors and corporations, which surged to… Read More
Rupee Continues to Recover 9th Day in a Row Against US Dollar
The Pakistani rupee continued to recover 9th day in a row against the US Dollar today after opening trade at… Read More
PSDP Spending Nears Rs. 150 Billion in 6 Months
The government has spent nearly Rs. 150 billion under the Public Sector Development Program (PSDP) in the first six months… Read More
Rupee Jumps 8th Day in a Row Against US Dollar After IMF News
The Pakistani rupee gained bigger ground 8th day in a row against the US Dollar today after opening trade at… Read More
Pakistan to Get More Rollovers, Dollar Funding Post-IMF Board Approval
The International Monetary Fund (IMF) Executive Board has approved the first review for Pakistan under the Stand-By Agreement (SBA) which… Read More
6-Month KIBOR Falls to Lowest Level Since March 2023
The 6-Month Karachi Inter-Bank Offered Rate (KIBOR), a benchmark for lending to consumers and businesses, fell by 33 basis points… Read More
Car Sales Plunge By 66% in December Due to Inflation, Unaffordable Auto Financing
Pakistan’s car sales clocked in at 5,816 units in December 2023, down 66 percent year-on-year (YoY) compared to 17,012 units… Read More
Rupee Up 7th Day in a Row Versus US Dollar But Falls Against British Pound, Euro
The Pakistani rupee rose slightly 7th day in a row against the US Dollar today after opening trade at 281… Read More
Foreign Investment at Stake Due to Political Turmoil Ahead of Elections in Pakistan: World Bank
The World Bank has raised alarm bells by stating that heightened uncertainty due to elections in Pakistan could dampen activity… Read More
Pakistani Banks Post Best Q4 Stock Returns in Asia-Pacific Amid Record Rally
Pakistani banks led their Asia-Pacific peers in posting some of the highest stock returns in the three months ended December… Read More
Rupee Rises 6th Day in a Row Against US Dollar
The Pakistani rupee rose marginally 6th day in a row against the US Dollar today after opening trade at 280… Read More
Pakistan Records Highest Increase in Remittance Inflows Since October 2021
Remittances sent by overseas Pakistanis increased by 13.4 percent year-on-year (YoY) to $2.4 billion in December 2023 compared to inflows… Read More
