Adnan Farooq
The State Bank of Pakistan (SBP) on Wednesday enhanced the scope of its Refinance Scheme for Renewable Energy by allowing financing under category III of the scheme to solar and wind based energy sale companies
Adnan Farooq
Much to the dismay of property holders in Bahria Town, Karachi, the Sindh Building Control Authority (SBCA) informed the Sindh High Court that all construction in the project was illegal and unauthorised. The authority further
Adnan Farooq
The dollar recorded stellar gains to reach the fiscal year high against the rupee as despite falling demand for the greenback in the interbank as well as the open market. On Tuesday, the dollar was
Adnan Farooq
Pakistan’s large-scale manufacturing sector during the period between July to May 2019-20 declined by 10.32 per cent as the demand for the country’s goods in the local as well as international markets plummeted due to
Adnan Farooq
Pakistan’s current account deficit in the fiscal year 2019-20 shrank by nearly 78 percent to $2.96 billion compared to $13.434bn in the corresponding fiscal year, data released by the State Bank of Pakistan showed on
Adnan Farooq
Foreign direct investment into the country jumped by 45 percent in June to $174.8 million compared to May 2020 after recording declines for two consecutive months in the last quarter of fiscal year 2019-20, latest
Adnan Farooq
The rupee in the interbank market lost 34 paisas to end Thursday’s session at the level of Rs167.33 against the greenback. Meanwhile, in other currencies, the euro at the open market was up by 50
Adnan Farooq
Pakistani rupee will remain stable in the short-to-medium term as soft demand for the country’s assets will cool the pressures on the rupee, said Fitch Solutions -- research arm of the Fitch Ratings. “Soft demand
Adnan Farooq
Automobile sales during the month of June saw a significant recovery from the almost-zero sales booked a few months ago mainly on account of lifting restrictions and easing of lockdowns in the country. Honda and
Adnan Farooq
Pakistan received a record $23 billion in remittances during the July 2019 to June 20 despite the Covid-19 shock to the global economy in Jan- June 2020 period, the latest data released by the State
