Pakistan’s Current account posted a surplus of $128Mn in Feb
Pakistan’s current account posted a surplus of $128 million in February 2024, in contrast to a revised deficit of $303 million in the previous...
IMF and Pakistan has reached a staff level agreement on final bailout review
The International Monetary Fund (IMF) has reached a staff-level agreement with Pakistan on the final review of a $3 billion bailout, where the country...
MPC decided to hold the Policy rate steady at 22%
The Monetary Policy Committee (MPC) decided to hold the policy rate steady at 22 percent in its meeting held today.
The MPC noted that despite...
MLCF’s subsidiary Novacare to build hospital with $110Mn investment
Novacare Hospitals (Private) Limited, a wholly owned subsidiary of Maple Leaf Cement Factory Limited (PSX: MLCF), will start constructing a state-of-the-art hospital in Islamabad...
Pakistan vows to fulfil IMF promises after averting default threat
Prime Minister Shehbaz Sharif said Wednesday that Pakistan would fulfill its commitments made to the International Monetary Fund (IMF) to secure a short-term financing...
Power sector circular debt tops Rs2.64tr
The power sector circular debt has reached a staggering amount of Rs2.646 trillion by the end of May 2023, registering an increase of Rs394...
Avanceon has secured a Multi-Million Dollar contract in Middle East region
Avanceon Ltd (PSX: AVN) in a notification to the PSX, announced that Avanceon Automation & Control W.L.L Qatar, subsidiary of Avanceon Limited has been...
BOP bought Punjab Capital Securities from FPJM
First Punjab Modaraba (PSX: FPJM) in a latest notification to the PSX has announced that it has sold its 100% shareholding in a wholly...
CPI Inflation clocked in at 29.4% in June 2023
CPI Inflation in June 2023 clocked in at 29.4% YoY as compared to 38.0% in May 2023 and 21.3% YoY in June 2022.
On...
MPC of the SBP has raised Policy rate to 22%
MPC of SBP convened an emergency meeting today, where it noted that potential upside risks to the inflation outlook have increased from the last...
