The Pakistani rupee (PKR) reversed losses against the US Dollar and posted massive gains during intraday trade today. The Pakistani… Read More
Pakistan Has Lost All Credibility Due to Govt Incompetence: Atif Mian
Pakistan has lost all credibility due to the coalition government’s incompetence and its inability to get cash from the International… Read More
SBP Overnight Reverse Repo (Ceiling) Rate Now At 22%
The State Bank of Pakistan (SBP) has fixed its Overnight Reverse Repo (Ceiling) rate at 22 percent, 100 basis points… Read More
Rupee Hopelessly Drops to Historic Low Against US Dollar
The Pakistani rupee (PKR) declined further against the US Dollar and dropped to a new all-time low during intraday trade… Read More
Pakistan’s Public Debt Increases by Rs. 11.5 Trillion in a Year
The total public debt stock of the federal government decreased by Rs. 589 billion or 1.1 percent from Rs. 54.9… Read More
IMF Deal to Go Through After External Financing from Friendly Countries is Secured
The International Monetary Fund (IMF) has ensured that all its prior conditions have been met but the bailout is still… Read More
Debt Restructuring Will be Very Difficult for Pakistan: Former SBP Governor
Former Governor of State Bank of Pakistan (SBP) Dr. Reza Baqir warned that debt restructuring for Pakistan will be very… Read More
SBP Raises Interest Rate to Highest Ever in Pakistan’s History
The State Bank of Pakistan’s (SBP) Monetary Policy Committee (MPC) on Tuesday raised the policy rate by 100 basis points… Read More
U Bank Registers Outstanding Profit Growth of 102.5% in 2022
U Microfinance Bank has announced its financial results for the year ended December 31st, 2022. The bank posted a profit… Read More
Rupee Makes History Against US Dollar, Drops to 357 Against British Pound
The Pakistani rupee (PKR) extended losses against the US Dollar and dropped to a new all-time low during intraday trade… Read More
Pakistan’s Textile Exports Down 21% in March 2023
Pakistan’s textile group exports declined by 12.2 percent during the first nine months (July-March) of the current fiscal year 2022-23… Read More
ADB Expects Pakistan’s Economy to Slow Down Even Further This Year
The Asian Development Bank (ADB) has massively cut down Pakistan”s GDP estimate to 0.6 percent for the current fiscal year,… Read More
