PAKISTAN WON’T DEFAULT: IMF CHIEF
The International Monetary Fund (IMF) chief Kristalina Georgieva has hoped that Pakistan won’t face Sri Lanka and Ghana-like situations. Pakistan has met all the necessary…
Business
Pakistan inches closer to IMF deal as UAE ‘confirms’ $1bn support
Finance Minister Ishaq Dar on Friday announced that the United Arab Emirates (UAE) authorities have informed the International Monetary Fund (IMF) about their plans of…
Unexpected growth in China’s exports, but economists foresee future weakness
China’s exports unexpectedly surged in March, with officials flagging rising demand for electric vehicles, but analysts cautioned the improvement partly reflects suppliers catching up with…
UAE likely to confirm $1 billion financing to Pakistan this week
Good news for cash-strapped Pakistan, as the United Arab Emirates (UAE) is likely to give written assurance to Islamabad for external financing of $1 billion…
PAKISTANI RUPEE HITS NEW LOW AGAINST US DOLLAR
The US dollar appreciated by Rs2.44 to Rs287.09 against the rupee in the interbank market on Monday.The State Bank of Pakistan (SBP) reported the dollar…
Weekly inflation increased by 0.92 percent in Pakistan
Consumer prices witnessed an increase in the outgoing week on the back of wheat flour, gas, diesel, eggs, onion, rice, cigarettes and bananas, taking the…
Saudi Arabia assures IMF to give $2 billion deposits to Pakistan
The International Monetary Fund (IMF) has confirmed that it has received confirmation from Saudi Arabia on $2 billion in additional deposits to Pakistan. Islamabad has…
SBP hikes policy rate by 100bps to record 21pc to rein in inflation
The State Bank of Pakistan (SBP) has decided to hike the policy rate by 100 basis points (bps) to 21 per cent, its highest-ever level,…
Rupee falls to new low of 288 against US dollar
Rupee sinks further, falls to new low of 288 against US dollar Pakistan’s rupee touched a record low on Tuesday as the country struggles to…
Oil prices soar as producers unveil shock output cut
Oil prices soared Monday after top producers unveiled a shock output cut of more than a million barrels, while equities mostly rose after data showed…