Pakistan’s current account deficit (CAD) decreased by 90 percent on a year-on-year (YoY) basis to clock in at $242 million… Read More
Telcos Fail to Meet Key Performance Indicators for Webpage Loading Time, Latency: PTA
Cellular Mobile Operators (CMOs) have missed most of the Key Performance Indicators (KPIs) set in their license and applicable regulations… Read More
State Bank May Raise Interest Rate Due to IMF
While talks with the International Monetary Fund (IMF) and Rupee volatility took center stage, much of the action was unfolding… Read More
IMF Taxes Draw First Blood on Tobacco Sector as Cigarette Prices See 250% Increase
Pakistan’s tobacco sector has taken one on the chin as cigarette makers on Saturday notified huge price hikes of 250… Read More
PSO Posts a Loss of Rs. 3.36 Billion in First Half of FY23
Pakistan State Oil Company Limited (PSO) announced its financial result for the half year of the financial year 2022-23 (1HFY23)… Read More
Rupee Up 4th Day in a Row Against US Dollar
The Pakistani rupee (PKR) surged higher and posted gains against the dollar during interbank trade on Friday, rising as high… Read More
Standard Chartered Records All-Time High Profit
Standard Chartered Bank Pakistan maintained its profitable trajectory this year with an all-time high profit of Rs. 19.84 billion in… Read More
PSO Gets Huge Price Benefit on Fuel Rates to Offset Losses From PKR Devaluation
The federal government granted Pakistan State Oil (PSO) an exchange rate adjustment of Rs. 9.92 per liter on petrol and… Read More
Digitization Can Add $60 Billion to Pakistan’s Economy in 7-8 Years: Report
Digitization offers innovative employment prospects to the 23 percent of Pakistan’s population that falls in the 20–34 years age group… Read More
Rupee Rises 3rd Day in a Row Against US Dollar After Govt Surprise Last Night
The Pakistani rupee (PKR) went higher and gained big against the dollar during interbank trade on Thursday, rising as high… Read More
Engro Corp’s Profits Decline by 12.3% to Rs. 46.1 Billion in 2022
Pakistan’s premier conglomerate, Engro Corporation Limited (PSX: ENGRO) announced its financial results for the calendar year (CY) that ended on… Read More
Govt Rejects All Bids for Rs. 100 Billion Fixed Rate PIBs
The government rejected all the bids for fixed-rate Pakistan Investment Bonds (PIBs) against a target of Rs. 100 billion at… Read More
