Karachi: In a startling development, the Pakistani rupee has fallen sharply against major global currencies, a trend that experts believe could have significant economic implications. According to the Exchange Companies Association of Pakistan (ECAP),…
Karachi: In a development that has raised alarms over economic stability, the State Bank of Pakistan released figures indicating a marked increase in currency exchange rates. The data highlights substantial fluctuations in foreign exchange prices, wit…
Karachi: Pakistan’s mounting debt has reached a critical juncture, with public debt servicing costs projected to balloon to Rs6.4 trillion. This alarming situation coincides with an ongoing review by the International Monetary Fund (IMF), raising conc…
Karachi: In a significant development within the Korangi Association of Trade and Industry (KATI), President Junaid Naqi, along with Senior Vice President Ejaz Sheikh and Vice President Tariq Hussain, have resigned due to personal commitments, prompti…
Karachi: In a powerful reaffirmation of its commitment to the business community, the Karachi Chamber of Commerce and Industry (KCCI) has taken center stage in safeguarding business interests, enhancing exports, and fostering unity under the leadershi…
Karachi: In an unprecedented surge, the Pakistan Stock Exchange (PSX) reached a milestone, hitting a 52-week high with an index level of 50,271.69 and a market capitalization of Rs 19,162.20 billion. This remarkable achievement underscores the robust …