The Pakistani Rupee (PKR) has reversed yesterday’s losses against the US Dollar (USD) and posted gains in the interbank market… Read More
World Bank to Consider $85 Million House Financing Project For Pakistan Next Month
The World Bank’s Board of Executive Directors will consider the “Pakistan Housing Finance-Additional Financing” project next month, with the objective… Read More
Chinese Firms May Relocate Facilities to Pakistan if US Trade Spat Worsens
Chinese firms are considering relocating their manufacturing facilities to Pakistan under the infrastructural framework of the China Pakistan Economic Corridor… Read More
6-7 Parties Interested in Bidding for Heavy Electrical Complex
Six to seven parties are interested in bidding for Heavy Electrical Complex (HEC), which is almost shut and has repaired… Read More
National Assembly Finally Passes Finance Bill 2021 Into Law
The National Assembly (NA) has passed the contentious Finance (Supplementary) Bill, sometimes known as the “mini-budget,” in the penultimate hour… Read More
Pakistan’s Forex Reserves Plunge by $118 Million in First Week of 2022
Pakistan’s liquid foreign reserves witnessed an outflow of $118 million in the first week of 2022 that ended on January… Read More
Rupee Collapses Against Major Currencies After Global Inflationary Concerns
The Pakistani Rupee (PKR) reversed gains against the US Dollar (USD) and posted losses in the interbank market today. It… Read More
Critical Federal Projects to Suffer As Govt Cuts Rs. 250 Billion Development Budget
An alarming project-cost factor coupled with a significant fund deficit has crippled the federal government’s agenda to meet its Rs.… Read More
Cut-off Yield on T-Bills Drops by 14 BPS
The cut-off yields on the auction of market treasury bills (T-Bills) dropped by 14 basis points despite an increase in… Read More
Petrol Prices Likely to Cross Rs. 150 Soon
Petroleum prices in Pakistan are likely to increase from 16 January 2022 following the price hike in the international market.… Read More
Governor SBP Reveals When Commodity Prices Will Come Down in Pakistan
Pakistan has enough capacity and financial resources to tackle the rising external account pressure which is fueled by an increase… Read More
Cnergyico Pk Ltd to Become Pakistan’s Largest Private Fuel Retailer With a New Acquisition
Cnergyico Pk Limited, formerly known as Byco Petroleum Limited, is in advanced talks to acquire a controlling stake in Puma… Read More
