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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
Jan 02, 2024

IMF to decide on $700 million tranche for Pakistan next week

The International Monetary Fund has marked Pakistan on its Executive Board’s agenda for January 11, as disclosed on the official IMF website.

Business

Web Desk
Nov 24, 2023

Weekly inflation declines, while yearly rate surges to over 41%

The Weekly Sensitive Price Indicator (SPI) for the Combined Group experienced a slight decrease of 0.06 per cent week over week (WoW) in the week ending November 23, 2023.

Business

Web Desk
Nov 24, 2023

Pakistani rupee closes the week at Rs286.5 vs US dollar

According to the State Bank of Pakistan, the Pakistani rupee (PKR) gained 1.13 rupees against the US dollar (USD) this week, closing at PKR 285.37 compared to the previous week’s ending of PKR 286.5 per USD.

Business

Web Desk
Nov 16, 2023

Rupee ends 17-day losing streak, closes at Rs287.38 vs US dollar

In a noteworthy development on Thursday, the Pakistani rupee successfully halted its 17-day depreciation trend against the US dollar, exhibiting a gain of 0.26 per cent to conclude at Rs287.38.