Pakistan News

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  • Exchange rates stable

    KARACHI: The exchange rate, which witnessed a high degree of fluctuations in the last session, remained uncertain for the most part of the session on Monday but closed with a slight change...

    Different banks and money exchange companies quoted different rates during the session, indicating volatility of the market, rendering slight changes in both interbank and open market...

  • Post-election scenario: PML-N runs from pillar to post for speaker slots in Punjab, centre

    Take a look: PTI's Jahangir Tareen is out to get independent candidatesThe MPAs claimed that the newly elected lawmakers were told that the PML-N leaders respect their decision to vote for or join the Pakistan Tehreek-i-Insaf (PTI) — all they want them to do now is to vote for the PML-N's candidates for the slots of speakers and deputy speakers in the National Assembly and the Punjab Assembly...

    As a second option, according to PML-Q...

  • World Bank rates Pakistan among top private investment countries

    ISLAMABAD: Pakistan has been grouped in top five highest private participation investment (PPI) countries owing to a few multi-billion-dollar power projects, with two hydropower plants worth $3...

    A half year update on private participation in infrastructure (PPI) published by the World Bank on Friday says that Indonesia was the destination for the highest amount of PPI investment, while Pakistan and Jordan were new entrants to the...

  • TV ad rates rocket ahead of India, Pakistan final

    Television advertising rates for Sunday's cricket final between India and Pakistan are 10 times the normal price, industry sources said, as millions of fans are expected to tune in for a clash that last time ranked among the six most-watched sporting events...

    Pakistan, the lowest-ranked team at the Champions Trophy tournament, upset host and favourites England to set up a final with defending champions India, feeding a frenzy for a...

  • Corruption, tax rates major problems in Pakistan: report

    ISLAMABAD: Ranking 126 among140 countries in the Global Competi­tiveness Index, Pakistan faces corruption and tax rates as the most problematic factors for doing business, a new report published by the Davos-based World Economic Forum said on Wednesday...

    According to the Global Competitive Report 2015-2016, Pakistan jumped three spots to number 126 out of 140 economies on the Global Competitiveness Index...

  • Moody’s sees Pakistan growth rates sliding to 2pc

    ISLAMABAD: Moody’s Investors Service on Thursday estimated Pakistan’s growth rate could further slide to two per cent during the current fiscal year owing to Covid-19 outbreak and believed recent steps by the State Bank of Pakistan (SBP) would soften the impact of the pandemic on the country’s banks...

    On March 17, the Moody’s had formally reduced its forecast for Pakistan GDP growth rate to 2...

  • KSE to become Pakistan Stock Exchange

    KARACHI: An extraordinary general meeting of the Karachi Stock Exchange (KSE) on Monday approved the resolution to change the name of KSE to Pakistan Stock Exchange...

    The meeting adopted a Special Resolution, to approve the schemes of integration of KSE with Lahore Stock Exchange (LSE) and Islamabad Stock Exchange (ISE), and to affect such changes, approving the amendments in Memorandum and Articles of Association of KSE...

  • Bullish trend: Pakistan Stock Exchange witnesses record surge

    KARACHI: The Pakistan Stock Exchange (PSX) witnessed a record surge at the start of the business week on Monday as the index climbed by 258...

    Read more: MSCI to discuss Pakistan’s re-entryAccording to Muhammad Sohail, CEO of Topline Securities, the high confidence is in anticipation of the upcoming Annual Market Classification Review by the Morgan Stanley Capital International (MSCI) on June 14 to discuss upgrading PSX's...

  • Pakistan offers liberal foreign exchange regime: PM

    ISLAMABAD: Prime Minister Shahid Khaqan Abbasi on Thursday said that Pakistan has offered attractive investment and liberal foreign exchange regime that guarantees equal treatment to foreign and domestic investors through one-window operation...

    In a meeting with the newly appointed Ambas­sador of Saudi Arabia to Pakistan, Nawaf Saeed Al Malikiy, the prime minister said that Pakistan would welcome Saudi investment under Vision 2030,...

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