ADB approves $250mn loan to improve power transmission in Pakistan
The Asian Development Bank (ADB) has announced that it will provide $250 million in loans to Pakistan to improve and expand its power transmission network…
Business
PKR makes recovery against US dollar
The Pakistani rupee gained 83 paise against the US dollar in the interbank market on the back of investor enthusiasm over a staff-level agreement between…
Govt slashes petrol price by Rs2.04, HSD by Rs6.47
The federal government on Wednesday reduced the prices of petrol and high-speed diesel (HSD) by Rs2.04 and Rs6.47 per litre, respectively, for the next fortnight….
Pakistan, IMF reach staff-level agreement on first bailout review
The International Monetary Fund (IMF) has reached a staff-level agreement with Pakistan on the first review of a $3 billion bailout, where the country will…
IMF chief says agreement with Pakistan expected after first funding review
IMF Managing Director Kristalina Georgieva on Wednesday said the agreement for the release of the second tranche, amounting to $3 billion under the Standby Arrangement…
PSX continues bullish run, crosses 56000 milestone
The Pakistan Stock Exchange (PSX) continued a bullish trend and achieved another remarkable milestone on Monday as its benchmark KSE-100 index surged past the 56,000-point…
Pakistan’s stock market surges to historic high, closes at 55,391.37
The Pakistan Stock Exchange experienced a remarkable surge as the KSE-100 index soared by 1,129.94 points, or 2.08 per cent, day-on-day (DoD), reaching a new…
US dollar continue to gain value against PKR in interbank
The US dollar continued to gain value against the local currency with an increase of 60 paisas in interbank on Friday. The new price of…
IMF demands more recovery of income tax from retailers and real estate sectors
The International Monetary Fund (IMF) has demanded ‘do more’ from Pakistan over tax recovery. International lender has demanded more recovery of income tax from retailers…
Rupee sees marginal gains against US dollar
The Pakistani rupee posted marginal gains against the US dollar, appreciating 0.03% during the opening hours of trading in the inter-bank market on Wednesday. At…