State Bank of Pakistan (SBP) Acting Governor Dr Murtaza Syed has assured that Pakistan will bridge an external financing gap of $4 billion soon and that the economy is “not close to recession......
Oil prices bounced higher from multi-month lows on Monday as investors’ appetite improved following data on US jobs and Chinese exports data that eased recession concerns.Brent crude futures had......
Finance Minister Miftah Ismail clarified on Saturday that neither the State Bank of Pakistan nor he had “directly intervened” to bring the dollar’s value down, stating that it was influenced by......
The United Arab Emirates intends to invest $1 billion in Pakistani companies across various sectors, state news agency (WAM) reported citing an official source in Abu Dhabi.The UAE is keen to......
Stocks gained over 700 points on Friday, with analysts attributing the bullish momentum to the rupee’s continued appreciation as well as a lower-than-expected trade deficit in July.The benchmark......
Finance Minister Miftah Ismail said on Friday that the government would control imports for the next three months, even if it came at the cost of slower growth.“I will not allow imports to increase......
The rupee, which has been on an upward trend for more than a week now, continued strengthening against the dollar in the interbank market on Friday.By 10:05am, the local currency had gained Rs2.15......
The State Bank of Pakistan (SBP) has imposed fines amounting to Rs131.42 million on three banks for violating regulatory instructions related to customer due diligence (CDD)/know your customer (KYC)......
Russia became India’s third-largest coal supplier in July, with imports rising by over a fifth compared with June to a record 2.06 million tonnes, data from Indian consultancy Coalmint showed.Russia......
Stocks continued to extend gains on Thursday, with analysts attributing the bullish trend to the rupee’s sharp recovery and surging global equities.According to the Pakistan Stock Exchange (PSX)......
OPEC+ is set to raise its oil output goal by 100,000 barrels per day, an amount analysts said was an insult to US President Joe Biden after his trip to Saudi Arabia to ask the producer group’s leader......
The benchmark KSE-100 index gained over 500 points during intraday trading on Wednesday as analysts said clarity regarding the International Monetary Fund (IMF) deal had led to fresh buying.According......
The rupee extended its gains during early morning trade in the interbank market on Wednesday, rising by nearly Rs1 against the dollar.According to the Forex Association of Pakistan (FAP), the rupee......
Stocks managed to make modest gains on Tuesday, with analysts attributing it to the rupee’s recovery as well as the International Monetary Fund’s (IMF) statement that Pakistan has completed all prior......
The International Monetary Fund’s (IMF) resident representative in Islamabad, Esther Perez Ruiz, said on Tuesday that Pakistan has completed the last prior action required for the Fund’s combined......
