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Business

Web Desk
Aug 06, 2024

Pakistan hires Chinese adviser to help issue Panda Bonds

Aurangzeb has previously suggested plans to raise up to $300 million through Panda Bonds this year, aiming to attract Chinese investors.

Business

Web Desk
Jun 15, 2024

Senate proposes massive increase in petroleum levy on high octane fuel

The Senate Standing Committee on Finance and Revenue has proposed a significant hike in the petroleum development levy (PDL) on high octane fuel, recommending an increase to Rs100 per litre.

Business

Web Desk
Jan 19, 2024

SBP reports weekly drop in forex reserves amid debt repayments

State Bank of Pakistan (SBP) witnessed a reduction in its foreign exchange reserves by $127 million, bringing the total to $8,027.4 million.

Business

Web Desk
Nov 21, 2023

Rupee strengthens vs US dollar, closes at PKR 285.79

The Pakistani rupee (PKR) demonstrated resilience against the US dollar (USD), marking 18 paisa gain in Tuesday’s interbank session to settle at PKR 285.79.