Pakistan’s trade deficit is expected to widen over the next five years with imports expected to exceed exports, fueling uncertainty… Read More
Pakistan’s Food Insecurity Worsens Due to Floods: World Bank
The flooding in Pakistan has exacerbated previously high levels of food insecurity, says the World Bank (WB). The Bank in… Read More
Pakistan’s IT Exports Grew by a Meager 1% in August
The IT and IT-enabled Services (ITeS) export remittances comprising computer services and call center services increased by a meager 1… Read More
Current Account Deficit Shrinks to $0.7 Billion in August
The current account deficit in August reduced significantly to $0.703 billion in August as a result of the growth in… Read More
Rupee Extends Losing Streak to 14 Days As Dominant Dollar Rattles Markets
The Pakistani Rupee (PKR) slid closer to its all-time low against the US Dollar (USD) and posted losses during intraday… Read More
Fauji Cement Posts Profit of Rs. 4.4 Billion in FY22
Fauji Cement Company Limited, which is one of the biggest cement manufacturers, has announced its financial results for the year… Read More
Pakistan Economy to Decelerate in 2023 Amid Strong Climate Headwinds: ADB
The Asian Development Bank (ADB) has predicted Pakistan’s economic growth rate to slow down to 3.5 percent in the fiscal… Read More
K-Electric Records Profit of Over Rs. 8 Billion in FY22
K-Electric maintained the profitability of Rs. 8.4 billion in the financial year 2021-22, depicting a nearly 30 percent dip as… Read More
PPL Reports a Profit of Rs. 53.54 Billion in FY22
Pakistan Petroleum Limited (PPL), one of the top players in the oil and gas exploration and production sector, announced its… Read More
Mughal Steel Posts 58% Profit Growth During FY22
Mughal Iron & Steel (MUGHAL) has announced its financial results for the fourth quarter of the year ending June 30th,… Read More
Rupee Falls 13th Day in a Row As Market Outlook Remains Grim
The Pakistani Rupee (PKR) slid further against the US Dollar (USD) and posted losses during intraday trade today. It depreciated… Read More
Inflation Will Reach 26% Due to Food Scarcity: Report
There is going to be another month of 25 percent upward year-on-year (YoY) CPI reading, where CPI for September 2022… Read More
