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Reuters
Jul 03, 2024

Pakistan has met all requirements for IMF bailout deal: top official

Minister of State for Finance, Revenue and Power Ali Pervaiz Malik says “We hope to culminate this (IMF) process in the next three to four weeks”

Business

Web Desk
Jul 03, 2024

PIA privatisation process set to conclude next month

The Privatisation Commission has announced plans to finalise the privatisation process of Pakistan International Airlines (PIA) by August.

Business

Web Desk
Jul 03, 2024

Pakistan secures $402.96 million in external financing for May 2024

Pakistan obtained external financing worth $402.96 million in May 2024 from various international sources, as per the latest monthly report by the Economic Affairs Division (EAD).

Business

Web Desk
Jul 03, 2024

PSX continues bullish trend as KSE-100 settles at record high of 80,233

The Pakistan Stock Exchange (PSX) witnessed a bullish surge on Wednesday, propelling the KSE-100 index past the significant 80,000 mark.

Business

Web Desk
Jul 03, 2024

Interbank closing: PKR drops by 2.52 paisa against USD

In Wednesday’s interbank session, the Pakistani rupee (PKR) depreciated by 2.52 paisa against the US dollar (USD), closing trade at PKR 278.4.

Business

Web Desk
Jul 03, 2024

Bulls toss PSX to record high of 80,000 plus

The minister said that the upcoming IMF deal should be referred to as a “Pakistan programme” for implementing structural reforms needed to transform the country’s economy.

Business

Web Desk
Jul 03, 2024

Stock market pushes for gains for third consecutive session

Today (Wednesday), the index opens at yesterday’s closing to push the growth trend in the third consecutive session. On Monday, the index grew by 379 points in the first trading session of the fiscal year 2024-25.

Business

Web Desk
Jul 03, 2024

Tesla stocks rises on better-than-expected car deliveries

Tesla stock rose by 10.2 per cent to close at $231.26 per share, its highest level since January of this year.

Business

Web Desk
Jul 02, 2024

SBP reports Rs28.22 billion weekly increase in broad money

Broad money (M2), the primary measure of money supply in Pakistan, experienced a weekly increase of Rs28.22 billion.

Business

Afshan Subohi
Jul 02, 2024

New budget passed with minor amendments despite backlash

The hostile reaction of the business community to the proposed budget 24-25 did not deter the ruling coalition from securing its passage in parliament.