Will PTI cure the economic malaise left by PML-N?
Amongst a multitude of challenges facing PTI are the depleting foreign exchange reserves, burgeoning trade and current account deficits and eroding value of the rupee
Pakistan dollar bonds rise as election results awaited -Tradeweb
The 2025 eurobond jumped 2.2 cents to 102 cents in the dollar according to Tradeweb data, the highest since June 1. The 2024 issue rose 1.7 cents to 101.7 cents, the highest in almost two months
Nishat Chunian sells 100 percent stake in NCEL
The sole business of NECL is operating cinema screens in Lahore and Multan.
Roughly fifty-percent of Pakistan’s $24.2 billion exports went to six countries in FY18
The United States remained the top destination for Pakistani exports fetching $3.9 billion receipts during the just concluded FY18
Economic and water-shortage challenges await the next government
The central bank is burning through foreign exchange reserves and devaluing the rupee, including another five-percent dive this month, in a bid to bridge a widening trade deficit
Govt released Rs32 billion under PM export package to enhance exports
The total claims for clash payment were recorded at Rs34 billion during Jan-June 2017, leaving a balance of Rs8 billion outstanding to be paid to exporters
Chinese embassy rebuts WSJ report, says it deviates from facts
According to data released by the Pakistani government, 42% of foreign debt of Pakistan is from multilateral financial institutions, 18% of the debt is from Paris Club. Chinese preferential loans only account for only 10% of whole foreign debt and offer a much lower rate than commercial bank loans, said a statement by the Chinese embassy
Dollar swirls higher in open market
The 20 percent appreciation of the dollar has made Hajj expensive for Pakistani’s. The commercial banks or the State Bank of Pakistan (SBP) aren’t bound to ensure provision of dollars to people leaving for Hajj, so they buy US dollars and Saudi Riyals from the open market.
Has CPEC hit a major roadblock?
China’s infrastructure building spree across the nation seems to have been halted due to Pakistan’s inability to pay its loans
Market Daily: KSE-100 plunges 758 points pre-election
KSE-100 index continued to slide, as was the case on Friday. The bears dragged down the market by 758 points to 40,464 level (down 1.84 per cent) as pre-election jitters engulfed the market.
Currency crisis tops agenda for whoever wins Pakistan election
The IMF applied the kid-glove treatment to Pakistan in 2013 and allowed it to skip many painful reforms. But analysts say Islamabad is unlikely to get such leniency again after falling out with the United States, a key voice at the IMF
Vopak acquires 29 percent stake in ETPL for $38 million
Elengy Terminal Pakistan Limited (ETPL) was incorporated in 2012 and is based in Karachi and it operates as a subsidiary of Engro Corporation Limited.
PIA turnaround? Not happening, bro
The new CEO is well-credentialed and well-meaning, but can he alone overcome the national carrier’s myriad challenges?
The return of Husain Lawai’s legal troubles
One of Pakistan’s leading bankers, Lawai’s career continues to be dogged by allegations of money laundering and illegal activities
Media Wars
Traditional news organisations are caught between many a devil and a deep blue sea: Fake news, social media, ever falling revenues combined making it an uphill task to keep their heads above water