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Dollar rises to PKR 287.75 during midday trading

Dollar rises to PKR 287.75 during midday trading

KARACHI, (MANEND NEWS): During midday trading on April 11, 2023, the US dollar rose to PKR 287.75, resulting in a decline of 66 paisas for the local currency. The previous day’s exchange rate for the

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Govt increases profit rate on savings certificates

Govt increases profit rate on savings certificates

KARACHI, (MANEND NEWS): The government has revised the rate of profit on national saving schemes by upto 4.13% to make the schemes lucrative and mobilise investment from the general public, a local research house reported.

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WB cuts Pakistan’s GDP forecast on rising rates, limited fiscal space

WB cuts Pakistan’s GDP forecast on rising rates, limited fiscal space

(MANEND NEWS): The World Bank sharply lowered Pakistan's current-year growth forecast, saying the country's economic growth prospects have weakened due to tighter financial conditions and limited fiscal space. The World Bank now expects Pakistan's economy

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Thousands of jobs at stake as phone makers in Pakistan close shop

Thousands of jobs at stake as phone makers in Pakistan close shop

ISLAMABAD, (MANEND NEWS): Almost all of the country’s 30 mobile phone assembly units, including three run by foreign brands, have shut down as manufacturers say they have run out of raw material amid import restrictions,

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