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Pakistan secures over $761m in funds to import oil, LNG from…
Pakistan signs loan agreement worth $761.5 million with ITFC to finance imports of crude oil and petroleum products.Financing facility will help fund oil and gas import bill of Pakistan.Facility made effective immediately, ready for…
Part II: What is causing inflation in Pakistan?
What are the possible remedial measures to subdue inflationary pressures in the economy? None of them is a quick fix or short-termish but requires patient and consistent action immediately to produce results in the medium and long term.
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Pakistan, IMF trying to find solution to SBP autonomy issue
ISLAMABAD: The Pakistan government and the International Monetary Fund (IMF) are trying to find a solution which is acceptable to both sides to the proposed State Bank of Pakistan (SBP) Amendment Bill 2021, The News reported.
Sources…
Inflation in Pakistan at highest levels in 70 years: report
KARACHI: Inflation has reached its highest levels in 70 years during the three-year tenure of the PTI government, with food prices doubling, while the prices of ghee, oil, sugar, flour and poultry have reached historic levels, The…
Gold shines again, ends day trading at Rs124,200 per tola
KARACHI: The price of gold jumped Rs2,000 in Pakistan near a 14-month high of Rs124,200 per tola on Thursday in line with an increase in international prices.
Dealers suggest that the return of inflationary days in Pakistan and around…
KSE-100 extends gains ahead of FATF outcome
KARACHI: The Pakistan Stock Exchange (PSX) extended gains on Thursday as reports of positive progress in talks between Pakistan and the International Monetary Fund (IMF) coupled with a decline in the September current account deficit…
Japan Accumulates Maximum LNG Reserves In 5 Years – Economy…
Japan's reserves of liquefied natural gas (LNG) reached 2.3 million tonnes mid-October, marking the highest volume in the last five years, the Ministry of Economy, Trade and Industry said on Thursday
TOKYO Japan's reserves of liquefied…
Rupee continues to fall, settles at 173.47 against US dollar
KARACHI: The rupee depreciated by an additional 0.4% or Rs0.69 against the US dollar on Wednesday and closed at an all-time low of Rs173.47 in the inter-bank market.
According to data released by the State Bank of Pakistan (SBP), the…
Euro Area Yearly Inflation Grew To 3.4% In September Breaking…
Yearly inflation in the 19 euro area countries grew to 3.4% in September, compared to 3% last month, according to the Eurostat statistics agency
MOSCOW Yearly inflation in the 19 euro area countries grew to 3.4% in September, compared…
Pakistani rupee hits all-time low against US dollar
Dollar continues to soar in Pakistan, reaches Rs173 in inter-bank market.Rupee falls by 82 paisas to reach Rs173 in inter-bank market. This is the highest value of the dollar in the history of Pakistan.Economists say main reason for rise…