The launch of 5G network services in the country has seemingly been delayed as mobile companies have expressed a lack… Read More
Pakistan’s Information Technology Industry Has The Biggest Trade Surplus in The Country
Pakistan’s Information Technology industry has the biggest trade surplus in the country. Faiz Ul Haq, a renowned economist, revealed that… Read More
Pakistan is Now Over 92% More Likely to Default on its Debt
Pakistan’s chances of defaulting on its debt have reached alarming new levels, with the cost of ‘insuring’ the country’s sovereign… Read More
US Dollar Up 7th Day in a Row Against Rupee After ‘LegenDary’ News
The Pakistani Rupee (PKR) was all red against the US Dollar (USD) and posted losses during intraday trade today. It… Read More
Fuel Imports Under Saudi Oil Facility Cross $100 Million 8th Month in a Row
Pakistan imported petroleum products worth $400 million on a deferred payment basis under the Saudi oil facility during the first… Read More
IT Exports Register Mere 2.9% Increase in First 4 Months of FY23
The IT and IT-enabled Services (ITeS) export remittances comprising computer services and call center services increased by 2.89 percent to $854… Read More
Current Account Deficit Shrinks 4th Month in a Row As Imports Fall
The current account deficit fell to $0.57 billion in October 2022 due to continuously decreasing imports of the country. According… Read More
Mutual Funds Record All-Time High Investments
Asset Management Companies continued to attract investment from customers due to various high-profit returns in low-risk funds which caused the… Read More
SPI-Based Weekly Inflation Slightly Up Due to Rising Food/Non-Food Prices
The Sensitive Price Indicator (SPI) based inflation for the week ended on November 17, recorded an increase of 0.62 percent… Read More
External Debt Drops Below $130 Billion Owing to Debt Repayments, Less Borrowing
Pakistan’s gross external debt was squeezed by $3.28 billion from $130.196 billion to $126.91 billion mainly due to high repayments… Read More
US Dollar Rises 6th Day in a Row Against PKR After IMF News
The Pakistani Rupee (PKR) was bearish against the US Dollar (USD) and posted losses during intraday trade today. It depreciated… Read More
Senior Hajj Directorate Officer Flees to Canada After Embezzling Rs. 44.6 Million
A senior officer of the Directorate General of Hajj in Jeddah was dismissed from service on embezzlement of Rs. 44.646… Read More
