State Minister for Petroleum Musadik Malik announced on Monday that Russia has decided to provide crude oil, petrol, and diesel to Pakistan at discounted rates.The decision comes a month after......
Shares at the Pakistan Stock Exchange began the week in the red as uncertainty looms on the outlook for the country’s foreign exchange reserves with no clarity on when the pending ninth review of the......
Oil prices edged up on Monday after OPEC+ nations held their output targets steady ahead of a European Union ban and a price cap kicking in on Russian crude.At the same time, in a positive sign for......
Finance Minister Ishaq Dar on Friday said he was not concerned whether the International Monetary Fund’s (IMF) team arrived or not for the ninth review of Pakistan’s $7bn Extended Fund Facility......
The State Bank of Pakistan (SBP) announced on Friday that Saudi Arabia has extended its term for a $3 billion deposit in the central bank through the Saudi Fund for Development (SFD) in support of......
Headline inflation measured by the consumer price index (CPI) rose 23.8 per cent year-on-year in November, declining marginally from last month’s 26.6pc, as food and transport prices continue to be......
Finance Minister Ishaq Dar on Wednesday announced that the prices of petrol and diesel would remain unchanged for the next fortnight.In a televised address, he said: “The government has decided to......
Finance Minister Ishaq Dar on Wednesday said that Pakistan could become interest-free in five years as he urged the banking sector to move towards and promote Islamic banking.He expressed the views......
Finance Minister Ishaq Dar announced on Tuesday that the Asian Infrastructure Investment Bank (AIIB) had transferred Rs500 million to the State Bank of Pakistan (SBP).“AIIB has transferred today, as......
The Pakistan Stock Exchange’s benchmark KSE-100 index plunged over 700 points right after the opening bell on Monday, with the sharp slump being attributed to the central bank’s surprise move to hike......
State Bank of Pakistan (SBP) Governor Jameel Ahmad on Friday said the country will repay a $1 billion international bond on December 2, three days before its due date.There has been growing......
Oil prices rose in Asia on Friday, despite thin market liquidity, after a week marked by worries about Chinese demand and haggling over a Western price cap on Russian oil.Brent crude futures rose by......
The State Bank of Pakistan is expected to keep the main policy rate unchanged at 15 per cent in its monetary policy announcement scheduled for tomorrow, according to analysts and economists.All seven......
Oil trickled down on Thursday, hovering around two-month lows, as the proposed price cap on Russian oil from Group of Seven (G7) nations was considered higher than the current trading levels,......
Pakistan’s timely finalisation of a recovery plan from devastating floods is essential to support discussions and continued financial support from multilateral and bilateral partners, the......
