The Pakistani rupee (PKR) failed to take advantage of last week’s drama and posted losses against the US Dollar today.… Read More
Engro Polymer’s Profit Declines by Staggering 75% in Q1 2023
Engro Polymer & Chemicals Limited (PSX: EPCL) has announced its financial results for the quarter that ended on March 31,… Read More
Engro Fertilizers’ Profit Declines by 20% in 1st Quarter of 2023
Engro Fertilizers Limited (PSX: EFERT) has reported a profit after tax (PAT) of Rs. 4.4 billion in the quarter that… Read More
World Bank Urges Pakistan to Simplify its Tax Regime and Increase Revenue Potential
Pakistan’s tax system needs a well-structured overhaul that simplifies its provisions, closes loopholes, and ensures an equitable distribution of the… Read More
Rupee Gains 3rd Day in a Row Against US Dollar
The Pakistani rupee (PKR) gained further ground against the US Dollar and posted big gains for the third consecutive day… Read More
Low Fiscal Revenue One of the Drivers for Pakistan’s Recurrent Budget Shortfalls: World Bank
Persistent low fiscal revenue is one of the drivers of Pakistan’s recurrent budget shortfall, as total revenue collection has been… Read More
IMF Chief Hopes to Complete Current Pakistan Program Successfully
Managing Director (MD) of the International Monetary Fund (IMF) Kristalina Georgieva said at a news briefing in Washington on Thursday… Read More
SBP Reserves Decline by $170 Million to $4.03 Billion
The foreign exchange reserves held by the central bank decreased by 4 percent on a weekly basis, according to data… Read More
Rupee Gains 2nd Day in a Row Against US Dollar After Good News
The Pakistani rupee (PKR) rose further against the US Dollar and posted big gains for the second consecutive day during… Read More
SBP Asks Banks to Report Data on Foreign Exchange Returns
The State Bank of Pakistan (SBP) has asked banks to submit data on Foreign Exchange Returns (FERs) generated by core… Read More
Rupee Defies Expectations to Gain Big Against US Dollar Despite IMF Downgrade
The Pakistani rupee (PKR) reverses losses against the US Dollar and posted big gains during intraday trade today. The Pakistani… Read More
Imported Cars, Mobiles Set to Get Cheaper as Regulatory Duties Expire
The time-bound notifications on the imposition of regulatory duties and Additional Customs Duties (ACDs) on the import of over 600… Read More
