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Virtual discussions will continue to finalise implementation of…
ISLAMABAD/WASHINGTON: Pakistan and the International Monetary Fund (IMF) have agreed to continue talks on a bailout deal, delaying the disbursement of $1.1 billion in funding critical to stabilising the dwindling economy.
"Virtual…
To the 300: The rupee soars to an unprecedented 280
The rupee lost approximately RRs5.22 as it fell from Thursday's value of Rs271.36 to Friday's close of Rs276.58, according to data released by the State Bank of Pakistan (SBP).
In the history of the rupee, this is the first time that it…
Google’s layoffs shock long-term workers.
Sundar Pichai, the company's CEO, explained that during the pandemic, there was more demand for the company's products. As a result, the company's headcount has increased rapidly over the past two years. However, the business is currently…
Day trade: PSX drops more than 1,400 points due to political…
KARACHI: On Tuesday, the KSE-100 index of the Pakistan Stock Exchange (PSX) fell by more than 1,400 points during intraday trade.
The KSE-100 Index was down 1,342.96 points, or around 3.40%, at 3:17 PM, and was circling the 38,377.79…
Pak Suzuki extends factory shutdown due to inventory problems
KARACHI: Pak Suzuki Motor Company (PSMC), one of the biggest automakers in the nation, has once more extended its closure until January 20 due to a lack of inventory.
The automaker's production operations have been on hold for the majority…
KSE-100 declines as political unpredictability obscures…
As political unrest was sparked by Punjab Chief Minister Chaudhry Parvez Elahi's recommendation to the governor to dissolve the assembly, shares at the Pakistan Stock Exchange (PSX) fell on Friday even as the nation received a $4 billion…
KSE-100 develops Interest in cement and energy sectors scored 372…
On Thursday, shares of the Pakistan Stock Exchange (PSX) increased. According to analysts, this was due to a number of factors, including interest in the cement and energy industries.
At 12:53 PM, the benchmark KSE-100 index had risen…
Saudi Arabia contemplates raising Pakistan’s deposit amount…
RIYADH: Islamabad's attempts to increase the nation's foreign exchange reserves with Saudi Arabia's assistance have begun to bear fruit as Riyadh is considering increasing its deposit with the State Bank of Pakistan (SBP) from $3 billion to…
90% of Pakistan’s currency is hoarded, based on an FBR…
ISLAMABAD: According to an Federal Board of Revenue (FBR) member discussing the board's opinion, roughly 90% of the dollars are being hoarded in Pakistan, while just 10% are being smuggled out of the country.
Mukarram Jah Ansari, an FBR…
Deal involving Chinese business and Afghan Taliban for oil…
KABUL: The acting mining minister announced on Thursday that Afghanistan's Taliban-run government will sign a contract with a Chinese business to produce oil from the Amu Darya basin in the northern part of the nation.
Officials said at…