IMF delegation arrives as Pakistan seeks next installment of loan
A delegation of the International Monetary Fund arrived in Pakistan for talks on the next installment of the loan on Thursday. Reports said that the…
Business
Saudi-based Wafi Energy signs deal to take over Shell Pakistan
Shell Petroleum Company Limited, a subsidiary of Shell plc (Shell), has agreed to sell its 77.42% majority interest in Shell Pakistan Limited (SPL) to Saudi…
Inter-bank: Rupee remains stable against US dollar
The Pakistani rupee remained unchanged against the US dollar during the opening hours of trading in the inter-bank market on Wednesday. At 10am, the rupee…
Gas prices shoot up to 172%
The Federal Government notified a hike of upto 172% in gas prices hours after the cabinet said it had deferred the decision. Consumers who use…
US dollar edges up in interbank market
The dollar continued the trend of marginal changes against the rupee on Tuesday, gaining 6 paisas at the beginning of trading. The dollar increased from…
SBP announces new monetary policy
The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) kept the key policy rate unchanged at 22% on Monday. “At its meeting…
Caretaker Punjab cabinet approves Rs2.08 tr budget for next four months
The Punjab caretaker cabinet Monday approved the interim budget for the next four months from November 2023 to February 2024. In a meeting, chaired by…
Rupee sees minor improvement against US dollar
The Pakistani rupee saw marginal improvement against the US dollar as it appreciated 0.02% during the opening hours of trading in the inter-bank market on…
US dollar sees fluctuations against Pakistani Rupee
On Saturday, the current rate for US Dollar stands at Rs280.57, as the interbank exchange rate saw a notable Rs1.77 rise during the past week….
Rupee records marginal decline against US dollar
The value of the dollar recorded a marginal decrease as trading began on Friday. The dollar lost Rs.0.09 to fall to Rs280 in the interbank….