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Remittances in first half of current fiscal rise to record $15.8b: SBP

Remittances from overseas Pakistanis surged to $15.8 billion in the first six months of the current fiscal year, 11.3 percent higher than a year...

Gas suspension caused $250 million loss to textile sector

Pakistan lost textile exports of $250 million in December due to closure of gas supply to the sector in Punjab for 15 days. All Pakistan...

Lending at high rates: Govt seeks probe into ‘bank cartel’

The government has decided to approach the Competition Commission of Pakistan (CCP) with a request to examine the possible formation of a cartel of...

Fawad says Pakistan Stock Exchange world’s best

Minister for Information and Broadcasting Chaudhry Fawad Hussain on Wednesday said with 18 percent profit, the Pakistan Stock Exchange (PSX) remained the ‘most profitable’...

Pakistanis show no ‘positive response’ to electric vehicles

Pakistan has not yet received encouraging response from the manufacturers of electric vehicles as the country has a limited market for environment-friendly cars. The Ministry...

Bitcoin $100,000 a possibility by taking on gold, says Goldman Sachs

Bitcoin will continue to take market share from gold as part of broader adoption of digital assets, making the often-touted price prediction of a...

Cement sale dropped by 4.2% in December 2021

The cement sector registered a contraction of 4.2 percent in December 2021 as total sales stood at 4.59 million tons against 4.79 million tons...

‘Technical glitch’ hits 23m HBL customers

Pakistan’s largest bank in the private sector remained stuck on Tuesday as it faced a technical glitch that prevented its 23 million customers from...
Rupee depreciation marks all-time lowest against dollar the correspondent pk

Rupee’s downward journey continues in new year

After losing over 10 percent last year, rupee kicked off 2022 with a loss of 0.14 percent against dollar on Tuesday. Today marked the first...

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