The Asian Development Bank (ADB) has approved a $500 million policy-based loan to support climate change and disaster risk reduction… Read More
Pak Rupee Down 2nd Consecutive Day Against US Dollar, British Pound
The Pakistani rupee (PKR) posted small losses 2nd day in a row against the US Dollar (USD) today after opening… Read More
Pakistan Borrowed 63% Fewer Loans Compared to Last Year
The country borrowed $1.308 billion from multiple financing sources during the first quarter (July-September) of the current fiscal year 2024-25… Read More
Pakistani Developers Earn Lowest Annual Salaries Globally
Full-time employed professional developers in Pakistan earn some of the lowest salaries globally, ranging from $2,000 to $12,000 annually, falling… Read More
PPL Profit Down 20% to Rs. 23.6 Billion in Q1 FY25
Pakistan Petroleum Limited (PPL) announced its 1QFY25 result today, where the company recorded earnings of Rs. 23.6 billion (EPS of… Read More
FBR Faces Revenue Shortfall of Rs. 90 Billion in October 2024
The Federal Board of Revenue (FBR) is expected to face a shortfall of Rs. 90 billion in October 2024, sources… Read More
Engro Corp’s Profit Declines by 48% in 9 Months of 2024
Engro Corporation Limited (PSX: ENGRO) announced its 9MCY24 financial result with a consolidated profit after tax of Rs. 11.983 billion… Read More
Pakistan Likely to Secure $1.2 Billion Saudi Oil Facility in December
A high-level Saudi delegation will likely visit Pakistan by December 2024 to finalize the terms of a $1.2 billion oil… Read More
Profit Repatriation Up 88% in Q1 FY25
The repatriation of profits and dividends from foreign investments in Pakistan increased to $393.4 million in July-September 2024-25, marking an… Read More
Fauji Fertilizer Company’s Profit Increases by 92% to Rs. 42.5 Billion in 9 Months
Fauji Fertilizer Company Limited (PSX: FFC) has announced its financial results for the nine months that ended on September 30,… Read More
Rupee Falls Against US Dollar to Begin Last Week of October
The Pakistani rupee (PKR) posted small losses against the US Dollar (USD) today after opening trade at 278 in the… Read More
Only Half of 35 Special Economic Zones in Pakistan Are Operational
Only half of total Special Economic Zones (SEZs) in Pakistan are operational while the rest are either under development or… Read More
