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Business

Web Desk
Jun 01, 2024

SBP injects Rs10,470 billion to stabilise market liquidity

The State Bank of Pakistan (SBP) has infused Rs10,470.5 billion into the financial market through a combination of reverse repo purchases.

Business

Web Desk
May 10, 2024

IMF commends Pakistan’s tight monetary policy for controlling inflation

WEB DESK: The International Monetary Fund (IMF) has commended Pakistan for maintaining its current monetary policy, which involves keeping interest rates steady.

Business

Web Desk
May 09, 2024

Pakistan’s forex reserves rise to highest level since July 2022

In a notable boost to its foreign exchange reserves, the State Bank of Pakistan (SBP) reported an increase of $1.114 billion on a weekly basis, bringing the total to $9.12 billion as of May 3, according to data released on Thursday.

Pakistan

Web Desk
May 07, 2024

Saudi delegation’s visit spurs optimism in Pakistan’s economic outlook

Law Minister Azam Nazir Tarar echoed Aurangzeb’s sentiments on economic stability and underscored the interconnectedness of political and economic stability. “The country’s economy relies heavily on political stability,” he said.

Business

Web Desk
Mar 09, 2024

IMF signals readiness for second review of Pakistan’s SBA

In a recent media briefing, Julie Kozack, the Communication Director of the International Monetary Fund (IMF), announced the organisation’s readiness to undertake a mission for the second review of the stand-by arrangement with Pakistan.

Business Pakistan

Web Desk
Mar 08, 2024

IMF signals progress on $3 billion programme for Pakistan, await new cabinet formation

Pakistan’s current Stand-By Arrangement is set to expire in April 2024, having already received $1.9 billion under this program.

Business

Web Desk
Mar 07, 2024

SECP unveils amendments to boost efficiency in corporate restructuring

The Securities and Exchange Commission of Pakistan (SECP), operating under the federal government’s guidance, has communicated crucial amendments to the Corporate Restructuring Companies Rules, 2019, as disclosed in a recent press release.

Business

Web Desk
Mar 02, 2024

OGRA announces marginal reduction in LPG rate

The Oil and Gas Regulatory Authority (OGRA) has announced a modest reduction in the price of liquefied petroleum gas (LPG), offering some relief to consumers.

Business

Web Desk
Feb 28, 2024

China rolls over $2 billion loan, easing pressures on Pakistan

In a noteworthy display of diplomatic goodwill during challenging times, China has agreed to roll over a $2 billion loan that was slated to mature in March.

Business

Web Desk
Feb 22, 2024

Profit rates reduced for National Savings Schemes

The caretaker government has taken measures to adjust the interest rates on various national savings schemes.

SBP injects Rs10,470 billion to stabilise market liquidity

IMF commends Pakistan’s tight monetary policy for controlling inflation

Pakistan’s forex reserves rise to highest level since July 2022

Saudi delegation’s visit spurs optimism in Pakistan’s economic outlook

IMF signals readiness for second review of Pakistan’s SBA

IMF signals progress on $3 billion programme for Pakistan, await new cabinet formation

SECP unveils amendments to boost efficiency in corporate restructuring

OGRA announces marginal reduction in LPG rate

China rolls over $2 billion loan, easing pressures on Pakistan

Profit rates reduced for National Savings Schemes

Pakistan rejects hospital strike claim, says Kabul target was militant infrastructure

UN marks Islamophobia Day, warns of rising hate and discrimination against Muslims

Huda Mustafa faces restraining order over alleged threats to boyfriend’s ex and child

Trump seeks to delay China visit amid escalating Iran conflict

Jane Fonda says she had “more to say” than Barbra Streisand in Redford Oscars tribute