Pakistan has reported its highest IT and Telecom services exports in five months. ICT export remittances, including telecommunication, computer, and… Read More
Govt Fixes $31.20 Billion Export Target for 2021-22 Under Trade Policy 2020-25
The Ministry of Commerce has fixed an export target of $31.20 billion for 2021-22 in the Strategic Trade Policy Framework (STPF)… Read More
Islamic Development Bank Approves $252.5 Million Funding for Pakistan
The Islamic Development Bank (IsDB) has approved $252.5 million of funding for two vital projects in Pakistan aimed to support… Read More
Rupee Holds Steady Against US Dollar, Gains Big Against Other Currencies
The Pakistani Rupee (PKR) finally held out against the US Dollar (USD) and reported no change against the greenback in… Read More
Fatima Fertilizer Eyes Acquisition of Majority Stake in Saudi-based Samba Bank Ltd
One of the leading local companies in Pakistan, Fatima Fertilizer Limited, has shown interest in the acquisition of majority stakes… Read More
SPI-Based Weekly Inflation Marginally Rises Due to Hike in Food and Power Prices
The Sensitive Price Indicator (SPI) recorded an increase of 19.49 percent on a year-on-year (Y0Y) basis due to the price… Read More
Rupee Slides to Another Record Low Against the US Dollar
The Pakistani Rupee (PKR) fell to another new all-time low against the US Dollar (USD) and depreciated by six paisas… Read More
FDI Records a Modest Growth in Jul-Nov 2021
The foreign direct investment recorded a modest growth of 12 percent from July to November 2021 compared to the corresponding… Read More
Pakistan Refinery Ltd Halts Operations Due to Limited Storage Capacity
The Pakistan Refinery Limited (PRL) has temporarily halted its productions due to operational and ullage restrictions. According to a regulatory… Read More
Governor State Bank Assures of a Rate Hike Pause
After delivering Asia’s boldest hikes since September 2021, the State Bank of Pakistan (SBP) will suspend interest rate increases to… Read More
Pakistan’s Forex Reserves Plunge by $90 Million
Pakistan’s liquid foreign reserves witnessed an outflow of $90 million on account of debt servicing in the week ending on… Read More
ECC Approves Removal of Incremental Block Tariff in Power Sector Subsidies
The Economic Coordination Committee of the Cabinet has given approval for the removal of one slab benefit (incremental block tariff)… Read More
