The Pakistani reversed losses against the US Dollar today after opening trade at 280 in the interbank market following some… Read More
Askari Bank Posts 53% Profit Growth in 2023
Askari Bank Limited (AKBL) has announced a profit after tax (PAT) of Rs. 21.5 billion for the calendar year 2023… Read More
Bank of Punjab Posts Rs. 11 Billion Profit in 2023
The Bank of Punjab (PSX: BOP) has announced a profit after tax of Rs. 11 billion for the calendar year… Read More
Typhoon Trip: Pak Rupee is Down 165% Since 2018 And Another 10% Crash is Next
The Pakistani rupee (PKR) has been one of the hardest-hit currencies globally. From a low of 105.18 in 2018, it… Read More
Rupee Falls But Manages to Stay At 279 Against US Dollar
The Pakistani rupee posted losses against the US Dollar today after opening trade at 281 in the interbank market. It… Read More
Power Generation Continues to Fall While Fuel Cost Increases By 23% in January 2024
Power generation in the country went down by 2 percent YoY to 8,313 gigawatts per hour (GWh) in January 2024,… Read More
Foreign Investment Outflow Hits 5-Year High in Pakistan
Pakistan witnessed net outflow of $173 million in January 2024, compared to $237 million in the same period last year.… Read More
Govt’s 2nd Consecutive Gas Bomb – Pakistanis Need to Step Up
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
