Pakistan may require a debt adjustment in some form given the sharp deterioration in its external position, even if some… Read More
OGDCL Posts Highest Ever Profit in First Half of FY23
Oil & Gas Development Company Limited (PSX: OGDC) posted its highest-ever profit of Rs. 95 billion during the half-year that… Read More
Investment-to-Deposit Ratio Surges to 85% in January As Banks Seek Inflationary Cover
Banks’ investment-to-deposit ratio (IDR) surged by 12.5 percentage points to a new high of 85 percent in January 2023 as… Read More
Creditors Will Only Give More Loans to Pakistan If IMF is Involved: Barclays
The International Monetary Fund (IMF) has shown a low tolerance for Pakistan for deviations from its program targets regarding fiscal… Read More
Rupee Ends 5-Day Win Streak Against US Dollar After Mini-Budget Implementation
The Pakistani rupee (PKR) moved lower and posted losses against the dollar during interbank trade on Tuesday, falling as low… Read More
FBR Extends Time for Imposing Regulatory and Customs Duty on Over 600 Luxury Items
At the time of the passage of the Finance Bill to impose Rs. 170 billion in taxes, the Federal Board… Read More
NHA Board Recommends Revised PC-1 for Rs. 37 Billion Lahore-Sialkot Motorway Link Highway
The National Highway Authority (NHA) Executive Board recommended the 2nd revised PC-I for the completion of the construction of the… Read More
Foreign Direct Investment Up 102% YoY in January
Net foreign direct investment (FDI) in Pakistan more than doubled year-on-year (YoY) in January 2023 to $222.6 million, up from… Read More
Rupee Up 5th Day in a Row Against US Dollar, Drops Against AUD, EUR, GBP
The Pakistani rupee (PKR) moved higher and posted gains against the dollar during interbank trade on Monday, rising as high… Read More
Pakistan’s IT Exports Increase by 2.3% in First 7 Months of FY23
Despite persistent ease of doing business challenges and increase in the cost of doing business, Information and Communication Technology (ICT)… Read More
Pakistan Ramps Up Nuclear Power Generation by a Massive 48% in January 2023
Power generation in the country went down by 3.2 percent on a month-on-month (MoM) basis to 8,515 gigawatts per hour… Read More
Pakistan’s Real Effective Exchange Rate Drops in January
Pakistan’s Real Effective Exchange Rate (REER) decreased by 3.5 percent to 92.8 in January 2023. According to the latest monthly… Read More
