Category: Business
Pakistan’s rupee drops to record low on reports IMF tranche talks failed
Pakistan’s rupee hit a record low on Oct 18 of 173.20 in intra-day trading against the U.S. dollar before closing at 172.78, below the previous close of 171.18,...
Pakistan sees 669% rise in import of vehicles in first quarter of 2021
Pakistanis imported vehicles worth $266.2 million during the first three months of the current fiscal year, marking a 669% increase in the rate of vehicular imports as...
Pakistan’s growth expected to ease to 3.4pc: World Bank
The World Bank on Oct 7 said Pakistan’s economic growth rate slightly came down to 3.4 per cent during the current fiscal year against 3.9pc of last fiscal year....
Foreign businesses in China rattled by ‘hostage diplomacy’
Story by AFP Huawei executive Meng Wanzhou’s return from Canada this week was lauded as a diplomatic triumph in China, but the celebrations left a bad taste for...
US-based agency Fitch expects Pakistani rupee to reach Rs180 against dollar in 2022
Fitch Ratings revised down its forecasts for the Pakistani rupee on Thursday for both this year and next due to a variety of factors including an increased flow of US...
Pakistan stocks dip on US Senate bill to sanction Afghan Taliban
Pakistan stocks fell nearly 3% on Wednesday while the rupee dropped to a record low, as investors feared a U.S. Senate bill that is seeking to impose sanctions on the...
‘Rain’: Pakistan’s first cryptocurrency trade platform to be launched
The country’s first cryptocurrency trading platform “Rain” is all set to be launched, as arrangements have been completed in this regard. Rain claims to be the...
Bitcoin slips after China central bank vows to crack down on crypto trading
Story by Reuters Bitcoin fell nearly 5% on Sep 24 after China’s central bank said it would crack down on cryptocurrency trading, banning overseas exchanges from...
Pakistan cars’ sale surge 104pc in July — for the elite?
The sale of cars during the month of July 2021 surged by 104.17% as compared to same month of last year, a latest data released by Pakistan Automobile Manufacturing...
Pakistan allows country’s local company to manufacture Samsung phones
In accordance with Mobile Device Manufacturing (MDM) Regulations 2021, Pakistan Telecommunication Authority has issued authorisation to Lucky Motor Corporation Limited...