Rupee makes a surprising turnaround, strengthens to 284 against US dollar
Following a record low the previous day, the Pakistani rupee made a stunning recovery against the US dollar on Friday,...
Internet Shutdown: Pakistan’s Point-of-sale Transactions Fall by 50%
Following the internet shutdown, Pakistan's digital payment systems suffered a major blow as point-of-sale transactions routed through the country's main...
Intra-day update: rupee plunges close to 300 against US dollar
The country's deteriorating political scenario weighed on investors' concerns as the Pakistani rupee fell to a record low of 298.91...
Pakistan, Iran to revive gas pipeline project
Pakistan and Iran agreed on Wednesday to explore new areas of partnership in aviation, including direct flights, the reactivation of...
PIA gets nod for Roosevelt Hotel rental deal
After reaching an agreement with the hotel union, the government on Wednesday permitted Pakistan International Airlines-Investment Ltd (PIA-IL) to sign...
IMF in Talks with Pakistan for 9th Review, Says Spokesperson
The International Monetary Fund (IMF) has confirmed that negotiations with Pakistan are in progress for the 9th review of the...
Remittances decline 29% to $2.2 billion in April
The State Bank of Pakistan (SBP) has shared data indicating that remittances sent by overseas Pakistanis, which had reached a...
Intra-day update: rupee falls over 1% against US dollar
The Pakistani rupee fell further against the US dollar on Wednesday, falling by more than 1% in the interbank market....
Bank Loans to State-Run Firms Skyrocket to Rs. 282 Billion
In the first 10 months of the current fiscal year, lending to public sector enterprises (PSEs) reached Rs. 282 billion,...
IMF’s May meetings: Pakistan not on agenda as bailout remains stalled
The International Monetary Fund (IMF) Executive Board has planned sessions through May 17, but Pakistan is not on the agenda...