Steel sector continues to grumble
The PALSP has raised alarms over the authorities' lack of effective measures to counter the menace of smuggling.
How Evergrande’s downfall signaled China’s property crisis
In the beginning, Hui Ka Yan followed a simple formula. Borrow to buy land. Sell homes on the site before they are...
Caretakers brace for impactÂ
The economy is worse than they thought. Have the caretakers bitten off more than they can chew?Â
No space for additional subsidies under ongoing IMF program
ISLAMABAD: Caretaker Finance Minister Dr Shamshad Akhtar on Wednesday said there is no space for additional subsidies under the ongoing International Monetary...
Rupee falls near Rs325 against US dollar in open market
Spread between the buy and sell rate of the dollar widens in the interbank, reflecting market volatility.Â
As rupee freefalls, differing exchange rates may land govt in hot water with IMF
The rupee closed at Rs 303.05 against the dollar in the interbank market, and was being sold as high as Rs 323 by exchange companies.
Mounting electricity prices strain Pakistani households, businesses: FPCCI President
In a press conference held in Lahore, Irfan Iqbal Sheikh, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI),...
Rising demand of dollars, lifting of import restrictions are primary drivers of rupee depreciation
ISLAMABAD: State Bank of Pakistan (SBP) Deputy Governor Dr Inayat Hussain Wednesday has said that rising demand of dollars among the masses...
Demand for Pakistan’s rice surges as India mulls Non-Basmati export ban
The question arises that what is more important: foreign exchange reserves or affordable food?
FBR seizes cigarettes from a leading manufacturer for alleged tax violations
Philip Morris confirms raid, says it is ‘completely tax compliant’Â
China’s property crisis leaves Country Garden with unpaid workers, silent sites
At an unfinished Country Garden (2007.HK)Â residential complex on the outskirts of the northern Chinese metropolis of Tianjin, construction has slowed to a...
‘Official’ and ‘actual’ rates emerge within open market rate of the dollar
Exchange companies association claims the dollar is selling at Rs 312 on the open market. Actual rate on open market hovering around Rs 315. Both rates indicate a gap with the interbank rate that fails to meet IMF criteria.Â
Rupee dips to lowest ever against dollar
Rupee expected to fall to fresh lows as imports rise and difference in interbank and open markets narrows
Public debt: How did the PDM govt do?
Measuring public debt is a complicated business. Profit looks at the different measures by which we can measure it in Pakistan.Â
Pakistan records current account deficit after 4 months of surplus
The current account recorded a deficit of $0.81 billion in July compared to a surplus of $0.5bn in June