Banks facing challenges as KSE-100 experiences a slowdown
The banking sector felt the heat at the Pakistan Stock Exchange (PSX) as the KSE-100 Index shed more than 900 points due to profit-taking in Monday’s intra-day trading. Around 11:15…
MARI successfully completes drilling of development well in Sindh
Mari Petroleum Company Limited (MARI), a leading natural gas producer in the nation, has achieved a significant milestone by skillfully drilling and conducting successful tests on a horizontal well situated…
Intraday Forex News: Rupee Gains Ground, Inches Higher Against US Dollar
US Dollar: Currency hovers at 283-284 level in inter-bank market The Pakistani rupee recorded a marginal increase against the US dollar, appreciating 0.06% during the opening hours of trading in…
BIG BREAKING! RBI Cautions against unauthorised campaigns on Loan waiver
The Reserve Bank of India (RBI) has issued a stern warning against deceptive advertisements luring borrowers with false promises of loan waiver. These misleading campaigns, widely disseminated through print and…
Projects without allocated budgets: Prohibition on the reallocation of funds
Ministry of Planning, Development, Projects and Special Initiatives urges Ministries/Divisions to submit requests for rupee cover corresponding to foreign aid, aligning with the projected expenditures for the Current Fiscal Year…
Tackling the Challenges of Elevated Electricity and Gas Rates
In the latest development, both regulatory bodies, the National Electricity Power Regulatory Authority (Nepra) and the Oil and Gas Regulatory Authority (Ogra), have granted approval for another round of increases…
$100 billion export vision: Pakistan eyes to reduce trade deficit with China
Embarking on a strategic mission, a 20-member delegation encompassing various segments of Pakistan’s export sector is scheduled to depart for China this upcoming Sunday. This initiative aligns with the nation’s…
MCB Faces Legal Order to Return Millions to Victims of Banking Fraud
Islamabad – Muslim Commercial Bank (MCB) Bank Limited is making headlines yet again, this time for alleged banking fraud incidents. The President of Pakistan has taken notice of the situation…
ADB’s Independent Evaluation Department (IED) Deems $800M ‘TCP’ Highly Successful
Islamabad: the Independent Evaluation Department (IED) of the Asian Development Bank (ADB) has assessed the “Pakistan: Trade and Competitiveness Program -TCP (Subprograms 1 and 2),” valued at $800 million, as…
Food inflation: past its peak
Food Inflation Peaks and Starts Receding Food inflation the primary culprit behind this resurgence appears to be the essential food basket. Accounting for a significant 34.6 percent of the national…