BankIslami Pakistan Limited (PSX: BIPL) announced its financial results for the year ended December 31, 2022, declaring a profit after… Read More
US Dollar ‘Not Out’ At 285 Against PKR in Less Than 3 Hours [Updated]
The Pakistani rupee (PKR) crashed beyond its lowest ever against the US Dollar during intraday trade today as uncertainty over… Read More
FBR Exceeds February Tax Collection Target by Rs. 300 Million
The Federal Board of Revenue (FBR) has exceeded the assigned revenue collection target of Rs. 527 billion during the month… Read More
PSO, Shell and Attock Suffer as Petroleum Sales in Pakistan Take a Massive Dip
Pakistan’s petroleum sales witnessed a significant decline of 21 percent on a year-over-year (YoY) basis to stand at 1.22 million… Read More
Pakistan’s Exports Fall for 6th Consecutive Month in February to Just $2.31 Billion
Pakistan’s exports continued their downward trend for the sixth consecutive month in February 2023, the exports during the month declined… Read More
Moody’s Downgrades WAPDA’s Rating to Caa3
Moody’s Investors Service (Moody’s) has downgraded Pakistan Water and Power Dev Authority’s (WAPDA) corporate family rating (CFR) to Caa3 from… Read More
Rupee Crashes Against US Dollar, Euro, British Pound After Moody’s Downgrade
The Pakistani rupee (PKR) crashed and incurred huge losses against the dollar during interbank trade on Wednesday, going as low… Read More
Inflation Reaches Highest Point Since Ayub Khan Govt Breaking 58-Year Record
Pakistan’s Consumer Price Index-based inflation increased to a historic high of 31.6 percent on a year-on-year (YoY) basis in February… Read More
IMF Uneasy About Pakistan’s Circular Debt Plan for FY24: Power Minister
The International Monetary Fund (IMF) is concerned about Pakistan’s plan for dealing with its circular debt in the next fiscal… Read More
IMF is Delaying Bailout to Put Pressure on Pakistan: Govt
The government is struggling to secure a billion-dollar bailout from the International Monetary Fund (IMF) as the lender seeks timely… Read More
FBR Misses Out On February Tax Collection Target by Rs. 2 Billion
The Federal Board of Revenue (FBR) late Tuesday night decided not to release tax collection figures due to a shortfall… Read More
Market Expects Policy Rate to Increase by 2-3%: Survey
A recent poll by Topline Research surveyed market participants on their views and macro estimates for the upcoming Monetary Policy… Read More
