Pakistan’s largest urea manufacturer, the Fauji Fertilizer Company Ltd (FFC), has announced an increase of Rs. 80 per bag in… Read More
Rupee Makes History Against US Dollar Despite Sharp Decline in Oil Prices
The Pakistani Rupee (PKR) crashed to another all-time low against the US Dollar (USD) and posted losses in the interbank… Read More
43% of Allocated Development Funds Spent in 8 Months of FY22
The Government of Pakistan has spent Rs. 388.52 billion out of a total allocation of Rs. 900 billion under the… Read More
Rupee Ends Dramatic Week With Gains Against US Dollar Despite SBP Reserves Drop
The Pakistani Rupee (PKR) reversed losses against the US Dollar (USD) and posted gains in the interbank market today. It… Read More
World Bank Approves $435 Million Housing Projects for Pakistan
The World Bank’s Board of Executive Directors approved $435 million in financing for three projects in Pakistan, i.e., the Pakistan… Read More
OGRA Fines SNGPL Rs. 20 Million for Gilgit LPG Plant Delay
The Oil and Gas Regulatory Authority (OGRA) has found the Sui Northern Gas Pipeline Limited (SNGPL) responsible for a two-year… Read More
Govt Piles Up Rs. 3.7 Trillion Debt in 7 Months
The Federal Government’s debt, excluding IMF loans and other liabilities, swelled by 10 percent (Rs. 3.7 trillion) to Rs. 42.4… Read More
Retail Sector Contributes 18% to Pakistan’s GDP: Razak Dawood
Terrabiz Conferences and the Chainstores Association of Pakistan (CAP) jointly hosted the first Future of Retail Business Summit (FOR2022) in… Read More
Govt of Punjab Raises Rs. 36 Billion via Auction of Plots in Lahore’s First Downtown
The Lahore Central Business District Development Authority (LCBDDA) on Thursday reported over Rs. 35.89 billion in revenue generated through the… Read More
SBP Reserves Plunge by $250 Million Due to Debt Servicing
Foreign reserves held by the State Bank of Pakistan (SBP) witnessed outflows of $250 million in the week that ended… Read More
Pakistan’s Current Account Deficit Likely To Surge if Russia-Ukraine Conflict Prolongs
Pakistan’s current account deficit may witness a surge due to the high prices of oil and gas. Among other commodities,… Read More
Remittances Rise by Merely 2% in February Despite Fewer Working Days
According to the State Bank of Pakistan (SBP), the remittance inflows in the outgoing month of February 2022 were recorded… Read More
