The Pakistani rupee has experienced a further decline as the US dollar continues to strengthen, reaching an unprecedented high of Rs330 in the open market on Monday. This surge comes as trading resumes after a 3-day holiday. At noon, there was a notable increase of over 50 paisas in the ...

Pakistan’s chances of defaulting on its debt have reached alarming new levels, with the cost of ‘insuring’ the country’s sovereign debt hitting another all-time high in devastating fashion. According to data by Arif Habib Limited (AHL), Pakistan’s benchmark 5-year Credit Default Swap ...

The electricity unit price in Pakistan has surged to an all-time high level of Rs. 14.7/kWh mainly in June due to the high fuel prices in the international markets which staggeringly pushed up the generation cost of the power utilities. The per cost unit prices of electricity stood at 5.65 /kWh ...

Islamabad and Rawalpindi residents are experiencing some extraordinary inflation as 20-kg flour bag with an increase of Rs720 now reached Rs1520 in capital, a record link all-time high price in a week, Pakistan Statistics of Bureau (PSB). The price of a 20-kg flour link bag link was around Rs800 ...

Pakistan’s all-format captain, Babar Azam led his side to a historic series win against Australia. Babar finished as the second-highest run-scorer in the series with 276 runs and bagged the player of the series award for his exceptional performances. As a result of his record-breaking ...

The US dollar link with an increase of 66 paisas on Thursday reached an all-time high link record at Rs180.10 in the country's history. On Wednesday, the interbank closing of US dollar link was Rs179.44 after an increase of 22 paisas in a day in comparison to Tuesday closing Rs179.22 against ...

ISLAMABAD – Prime Minister Imran Khan on Tuesday thanked the overseas Pakistanis once again for ensuring that the country recorded remittances at an all-time high of $2.8 billion in April, 56% higher than last year. PM Imran took to Twitter and wrote, "I have always believed Overseas Pakistanis ...

ISLAMABAD - Gold is trading at its highest level as prices surged by Rs250 per tola on Wednesday, according to data compiled by the All Sindh Saraf and Jewellers Association. A tola of gold is now worth Rs68,150. This is the highest rate for the precious metal, breaching the previous high of ...

ISLAMABAD - The recent increase in oil prices and depreciation of rupees against the US dollar has put Pakistan International Airline under big losses. PIA monthly operational losses of the national flag carrier Pakistan International Airlines (PIA) have recorded phenomenal increase of about ...

ISLAMABAD - Pakistan’s trade deficit reached all-time high at $37.6 billion from $20.4 billion in Fiscal Year 2017-18. Before PML-N’s government, exports from Pakistan stood at $24.5 billion by the end of FY13, while the import bill of the country was recorded at $44.9 billion. It is to be ...