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
Adnan Farooq
Pakistan’s stock market is on a roll. The benchmark KSE-100 index has gained for 11 consecutive days -- the longest rally since January 2018 after it closed the Friday’s session up by 48.24 points or
Adnan Farooq
The International Monetary Fund (IMF) on Friday said that it expects Pakistan’s economy to recover in the next year mainly due to government-led interventions to reopen businesses and industries. It said “a gradual recovery is
Adnan Farooq
The Federal Board of Revenue (FBR) officials on Thursday admitted to blocking refunds worth Rs532 billion in order to show higher-than-actual tax earnings since 2014. The board was not releasing refunds to concerned individuals and
Adnan Farooq
Local gold prices in the country hit their peak on Wednesday after prices of one tola and 10-gram yellow were selling as high as Rs108,300 and Rs92,850 respectively. The increase in local bullion prices comes
Adnan Farooq
The State Bank of Pakistan (SBP) on Wednesday extended the deadline for the debt deferment facility till September 30 allowing small and medium enterprises to defer payments on their loan principals. “Considering the fact that
