Minister of State for Finance Dr. Aisha Ghaus Pasha said Tuesday that Pakistan has made timely payments on its Sukuk… Read More
Bank Alfalah Limited to Buyback 200 Million Shares
Bank Alfalah Limited (BAFL) will buyback up to 200 million ordinary shares having a face value of Rs. 10 per… Read More
US Dollar Climbs Back Above 224 Against PKR As Economic Woes Intensify
The Pakistani Rupee (PKR) dropped further against the US Dollar (USD) and posted losses during intraday trade today. It depreciated… Read More
Rupee Falls Against US Dollar As Default Scare Erases Gains
The Pakistani Rupee (PKR) was all red against the US Dollar (USD) and posted losses during intraday trade today. It… Read More
Low Real Estate Taxes and Import Duties to Blame for Pakistan’s Failing Economy: World Bank
Pakistan is stuck in a cycle of repeated external crises owing to distortions such as under-taxed real estate, import duties… Read More
Pakistan’s Cotton Production Falls Dramatically Yet Again
Pakistan’s cotton output decreased by over 40 percent year-on-year (YoY), according to the latest fortnightly data released by the Pakistan… Read More
Pakistan Achieves New Milestone for Local Phone Manufacturing in 2022
Local manufacturing plants have manufactured/assembled 18.14 million phones handsets during the first ten months – January to October 2022 –… Read More
Cement Sales Fall Sharply by 16.8% in November 2022
Pakistan’s cement sales declined by 16.82 percent in November 2022 as total cement sales during the month were recorded at… Read More
Rupee Loses Big Against British Pound, Euro Ahead of Tricky $1 Billion Bond Payment
The Pakistani Rupee (PKR) was stable against the US Dollar (USD) during intraday trade today. It closed at Rs. 223.69… Read More
Pakistan’s Textile Exports Decline by 19% in November
Pakistan’s textile group exports witnessed a decline of 19 percent in November 2022 on a year-on-year (YoY) basis and stood… Read More
Breakdown of $3.2 Billion Flood Relief Donations Pakistan Has Received So Far
The international community, including different governments and donor agencies, has provided $3.275 billion to Pakistan for flood relief activities. According… Read More
Shell and Attock Suffer as Petroleum Sales in Pakistan Take a Massive Dip
Pakistan’s petroleum sales witnessed a sharp decline of 12 percent on a year-over-year (YoY) basis to stand at 1.55 million… Read More
