The author is an Assistant News Editor at Profit by Pakistan Today. His works have been published in Dawn, Express Tribune, LiveMint India, Huffingtonpost India and The News on Sunday. He tweets @MohammadFarooq_
EconomyAccording to the rating agency, the current account deficit for FY19 would total 4.6% of GDP which would be slightly narrower than the 5.8 percent deficit clocked in FY18
HeadlinesIndus Motor has hiked the prices by Rs50,000 for Toyota Corolla XLI to Rs1.944 million till December and it will see a further rise of Rs50,000 in January to Rs2.044 million
HeadlinesGhandhara Nissan said NML teams had paid a visit to domestic suppliers for determining their quality and capacity, however, the majority of them didn’t qualify as per the global standards set by NMI
HeadlinesAccording to Fatima Fertilizer, the proposed transaction will maximize the benefits of synergies and cost efficiencies to the shareholders of the company
EconomyOn Friday, the rupee had regained a further Rs1.87 or 1.4% against the dollar in inter-bank trading to close at Rs131.9318
EconomyThis was the third consecutive day that the rupee recovered Rs3 of its value against the dollar, resulting in a cumulative gain of 7.14% since touching Rs140 in the kerb market on Tuesday
EconomyThe International Monetary Fund (IMF) has currently projected Pakistan’s current account deficit will contract from 5.9 percent of GDP in 2018 (the worst in emerging markets) to 5.3 percent of GDP in 2019 (again the worst in EM)
HeadlinesPakistan International Airlines (PIA) faced a loss before tax of Rs54.2 billion for the eleven-month period from September 2017 to July 2018
Headlines–Rupee closes at Rs 133.64 in interbank trading against the greenback, declining by 7.542% –Rupee devaluation, IMF bailout possible reasons behind an increase in the dollar rate
HeadlinesIn March last year, Hascol Petroleum in partnership with Vitol formed a new company called VAS LNG (Private) Limited that will deal with the activities relating to the LNG sector.
EconomyHowever, the inter-bank market rate of the rupee to a dollar stood at Rs124.27 according to SBP’s market to market revaluation rate sheet
EconomyThe pressure on the current account is expected to persist and the trade deficit is projected to remain elevated during FY19 and FY20, said World Bank