The World Bank’s “Integrated Flood Resilience and Adaptation Project (IFRAP)” worth $213 million is likely to be restructured to facilitate… Read More
Pakistan’s Growth Outlook Positive But Financing Needs, Inflation Pose Big Risks: IMF
Economies in the Middle East and North Africa (MENA) region and Pakistan face a fragile recovery amid global geoeconomic fragmentation,… Read More
Rupee Reverses 4-Day Losing Streak Against US Dollar to End Tough Week
The Pakistani rupee (PKR) posted gains to end its 4-day losing streak against the US Dollar (USD) today after opening… Read More
Pakistan’s Inflation Slows to 7.2% in October 2024
Pakistan’s Consumer Price Index (CPI) based inflation slowed to 7.2 percent on a year-on-year basis in October 2024 as compared… Read More
FBR Tax Revenue Shortfall Increases to Rs. 192 Billion in 4 Months
The Federal Board of Revenue (FBR) has collected Rs. 878 billion during October 2024 against the assigned target of Rs.… Read More
Rupee Takes Small Hits 4th Day in a Row Against US Dollar
The Pakistani rupee (PKR) posted small losses 4th day in a row against the US Dollar (USD) today after opening… Read More
Pakistan Posts Fiscal Surplus For the First Time in 21 Years
Pakistan has reported a fiscal surplus of Rs. 1.7 trillion or 1.4 percent of GDP and a primary surplus of… Read More
Pakistan in Poor Shape Ahead of First IMF Review
Pakistan’s economic framework is out of balance as it prepares for the first review of its $7 billion bailout program… Read More
Mari Petroleum Posts Rs. 19.2 Billion Profit for Q1 FY25
Mari Petroleum Company Limited (PSX: MARI) announced its financial result today, posting a profit after tax of Rs. 19.201 billion… Read More
Govt’s Tax Policies Are Stifling Pakistan’s Growth
The National Tariff Policy (2019-24) was a step in the right direction but remained ineffective in removing rigidities and simplifying… Read More
NBP Profit Down by Whopping 91% in 9 Months of 2024
NBP announced its 3QCY24 earnings at Rs. 2.96 billion (EPS: Rs. 1.39), marking a significant 76 percent decline YoY, though… Read More
FBR Strongly Opposes KP Govt’s 2% Development Cess on Export Consignments
The Federal Board of Revenue (FBR) has strongly opposed the imposition of a 2 percent Infrastructure Development Cess (IDC) by… Read More
