Asian shares jumped to five-month highs on Thursday amid optimism the U.S. tightening cycle was over and the economy was heading for a soft landing…
The Weekly Sensitive Price Indicator (SPI) for the Combined Group increased by 3.73% during the week ended July 27, 2023, while the SPI increased by 29.2%…
China Exim Bank has approved extending Pakistan’s $2.4 billion loan for a time span of two years, Federal Minster for Finance and Revenue Muhammad Ishaq…
The U.S. Federal Reserve raised interest rates by 25 basis points to 5.25%-5.5%, bringing the benchmark funds rate to its highest level in 21 years…
The country’s overall nutrient offtake fell by 4.8% YoY to 460,000 tonnes during June 2023 compared to the same month last year, the latest monthly report….
Repatriation of profit and dividends by foreign investors plummeted by around 80.30% YoY in FY23 to $331 million compared to $1.68 billion in the same….
Global growth is projected to fall from an estimated 3.5% in 2022 to 3% in both 2023 and 2024, according to the World Economic Outlook (WEO) for July 2023….
The Economic Coordination Committee (ECC) of the Cabinet on Wednesday approved the provision of free Atta worth Rs985.43 million under the Prime Minister’s…
South Korea’s Hyundai Motor Company raised its annual sales and profit margin guidance on Wednesday, after recording a 15% rise in quarterly net profit….
Microsoft on Tuesday laid out an aggressive spending plan to meet demand for its new artificial intelligence services after surpassing Wall Street estimates….
Asian markets were trading mostly weaker on Wednesday ahead of the U.S. Federal Reserve’s expected interest rate rise to be delivered later in the day…
The government should simplify the unreasonably high taxes imposed on the corporate sector, especially after the introduction of new levies such as the….
The first electric car from Pak-China Huazi Green Energy Pvt Ltd, a joint venture between Pakistan and China, will be showcased in Islamabad in the next month..
Automobile financing in Pakistan has dropped to Rs293.73 billion in June 2023, witnessing a decrease of 20.15% YoY and 2.24% MoM as compared to Rs367.85bn…
U.S. equity futures edged higher in cautious trade Tuesday, hemmed in by risks including upcoming earnings from technology mega caps and this week’s Federal…
The State Bank of Pakistan (SBP) conducted an Open Market Operation (OMO) in which it mopped up a total of Rs803.9 billion from the market….
The International Monetary Fund (IMF) on Wednesday asked the government to submit the complete plan for petrol subsidy….
The European Union (EU) authorities have removed Pakistan from the ‘List of High-Risk Third Countries’….
The government’s borrowing for budgetary support has reached a staggering Rs2.26 tr between July and March 11…
Asian Infrastructure Development Bank (AIIB) has increased its multilateral assistance to countries including Pakistan and Sri Lanka…
Repatriation of profit and dividends by foreign investors plummeted by 80.36% YoY in 8MFY23 to $225 million….
The Economic Coordination Committee (ECC) has approved a proposal by the Ministry of Energy (Petroleum Division) to arrange a finance facility….
The Economic Coordination Committee (ECC) of the Cabinet has once again held the pharmaceutical industry’s demand for increasing the prices ….
The Economic Coordination Committee (ECC) of the Cabinet, in its meeting which is scheduled to be held today….
The State Bank of Pakistan (SBP) conducted an Open Market Operation (OMO), and Shariah-compliant Mudarabah OMO today…
The State Bank of Pakistan (SBP) on Friday decided to allow general permission to REIT Management Companies (RMC) ….
Market Data and Economic Indicators
The State Bank of Pakistan (SBP) has decided to withdraw the existing Cash Margin Requirement (CMR) on the import of items, effective from March 31, 2023….
The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $280 million…
The Central Development Working Party (CDWP) on Friday approved six development projects worth Rs21.28 billion, said a press release issued today….
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