Business
Business
Rupee’s Decline against the US Dollar: Influencing Factors and IMF’s Role
The rupee experienced a significant decline of Rs2.78 against the US dollar in Tuesday's interbank trade. As the Exchange Companies…
Pakistan Suspends Russian Crude Imports; Seeks Favorable Trade Terms
Pakistan has paused its Russian crude oil imports due to a refining outcome that produced more furnace oil than petrol.…
Pakistan’s Power Sector Crisis: Circular Debt Skyrocketed to Rs 2.31 trillion
The power sector's circular debt escalated to Rs2.31 trillion by June 2023. Despite an increase in electricity prices, this significant…
Anticipated Rise in Petroleum Prices in Pakistan on August 16
Following an imminent announcement by the caretaker government on August 15, petroleum products are poised for a price surge starting…
Crude Oil Crisis: Pakistan Halts Russian Imports Amid Refining Complications
Pakistan's recent decision to halt its import of Russian crude oil has emerged from complexities in the refining process. Sources…
Reko Diq Project: Saudi Arabia Steps In, Pakistan and Barrick Gold Shares Adjust
The Special Investment Facilitation Council (SIFC), supervised by civil and military authorities, has given the nod to hire consultants for…
Extended Bank Closure in Pakistan: A Three-Day Break
Recent announcements reveal a three-day shutdown for banks and financial institutions throughout Pakistan. This extended break results from a blend…
PSX’s Rollercoaster Reaction to MSCI’s Pakistani Companies Addition
The Pakistan Stock Exchange (PSX) witnessed a surge of 1,000 points, reaching 48,900, following the announcement by Morgan Stanley Capital…
9% Dip in July Remittances: Pakistan Grapples with a Five-Month Low.
In July, remittances from overseas Pakistanis fell to a five-month low of $2 billion, a drop of 19% compared to…