The Pakistani rupee (PKR) again reversed gains against the US Dollar today after opening trade at 278 in the interbank market.
It was largely bearish and closed in red against the greenback. However, it managed to post some gains against other major…
The International Monetary Fund (IMF) has recommended that Pakistani authorities withdraw/eliminate all incentives for savings and financial investors in the upcoming fiscal year budget.
Sources told ProPakistani this includes perks for banks who re…
The Pakistan Stock Exchange (PSX) Monday announced that it is planning to implement the 5th batch of existing 500 Lot size Regular Market companies for transition into ONE Share Lot Size w.e.f. May 20, 2024.
As a result of said transition, these com…
The price of gold in Pakistan fell by over Rs. 1,000 per tola on Monday to settle at Rs. 242,300.
According to data issued by the Karachi Sarafa Association, the price of gold (24 carats) fell by Rs. 1,200 per tola to Rs. 242,300, while the price of…
The National Transmission and Despatch Company (NTDC) is spearheading the development of the Islamabad West Substation, slated to be operational by 2026. Funded by the World Bank through the National Transmission and Modernization Project Phase-I, in…
The federal government has vowed to the International Monetary Fund (IMF) not to give any new fuel subsidies next fiscal year.
Authorities have committed to protecting low-income consumers, avoiding new subsidies, and refraining from netting out cro…
Prime Minister Shehbaz Sharif has approved the immediate release of Rs. 23 billion for Azad Jammu and Kashmir (AJK).
This was decided during a special meeting convened on Monday to address the current situation in Azad Kashmir. A comprehensive revie…
The State Bank of Pakistan (SBP) has strengthened tracking of cross-border foreign currency payments via its Regulatory Approval System (RAS), the regulator said in a circular on Monday.
To allow enhanced tracking of their cases, Banks will now be a…
Trina Solar Asia Pacific – one of the leading solar energy companies in China – has announced plans to inject 200 megawatts (MW) of solar energy into Pakistan’s power grid to reduce the dominance of costly thermal power generation.
The initiative in…
A delegation from the International Monetary Fund (IMF) led by Mission Chief Nathan Porter arrived at the Finance Division today to officially commence talks on a new loan program.
Sources told ProPakistani the exchange will likely span around two w…
