Pakistan State Oil’s (PSO) receivables have ballooned to Rs. 718 billion with payables at Rs. 219 billion, according to the… Read More
Govt to Increase Electricity Bills Next to Satisfy IMF
Another utility circus is expected to hit consumers as the government plans to add Rs. 952 billion to Pakistan’s circular… Read More
Gold Prices See Highest Ever Single-Day Drop in Pakistan
Gold prices in Pakistan reversed their upward trend on Tuesday after the Pakistani Rupee gained big against the US Dollar… Read More
Rupee Breaks 29-Day Losing Streak Against Dollar After IMF News Breathes New Life into Markets
Pakistani rupee (PKR) recovered after 29 days of consecutive losses and posted gains against the dollar today. It rose as… Read More
Massive Fraud Claim Wipes Out $70 Billion of Indian Group’s Stock
The stock market value of India’s Adani Group has fallen massively in the past day after the conglomerate’s rebuttal of… Read More
US Dollar Will Rise Further But It Will Help Pakistan’s Economy: Fitch
The Pakistani rupee (PKR) could weaken even further against the US Dollar but its fall will help the country secure… Read More
Gold Rates Skyrocket to Another All-Time High As PKR Downfall Continues
Gold prices in Pakistan surged to an all-time high on Monday as the Pakistani Rupee continues its historic slump against… Read More
Lucky Cement Posts Profit of Rs. 18.3 Billion for 1HFY23
Lucky Cement Limited (PSX: LUCK) announced its financial result for 2QFY23 today, whereby its consolidated profit went up by 37.3… Read More
Rupee Falls to Lowest Level in History After Ishaq Dar’s Petrol Bomb [Updated]
Dollar pegging is fully out of the picture as the Pakistani rupee (PKR) fell by 2.81 percent against the dollar… Read More
State Bank’s Recent Policies Made Pakistan’s Economy Worse: EAG
The State Bank of Pakistan’s (SBP) recent dollar cap and policy rates have worsened the economic crisis and there is… Read More
NHA Allows 26.67% Higher Budget For Revamping N-50 Highway
The National Highway Authority (NHA) Executive Board approved the award of works for “Dualization and Improvement of Existing N-50 from… Read More
Fauji Foods Losses Increase By 73% in 2022 Despite Q4 Recovery
Fauji Foods Limited (FFL) has announced its financial results for the calendar year (CY) that ended on 31 December 2022.… Read More
