Pakistan to repay $1bn bond early on Dec 2: SBP governor
State Bank of Pakistan (SBP) Governor Jameel Ahmad on Friday said the country will repay a $1 billion international bond on December 2, three days…
Business
Monetary policy: SBP hikes interest rate to 16% to curtail inflation
The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) jacked up the key policy rate by 100 basis points to 16%, it…
Oil drops as Russian price cap proposal eases tight supply fears
Oil trickled down on Thursday, hovering around two-month lows, as the proposed price cap on Russian oil from Group of Seven (G7) nations was considered…
Qatar signs world’s ‘longest’ gas supply deal with China
QatarEnergy announced a 27-year natural gas supply deal with China on Monday, calling it the “longest” ever seen as it strengthened ties with Asia while…
Rupee registers back-to-back losses against US dollar
The Pakistani rupee fell for the eighth consecutive day on Tuesday against the US dollar, owing to the unstable political situation and a higher debt…
Amazon confirms it has begun laying off employees
Amazon confirmed on Thursday that it is laying off staff, after days of rumors that the e-commerce behemoth would become the latest tech giant to…
World Bank to provide $1.3 billion to Pakistan for emergency, agriculture and housing relief
The World Bank (WB) said on Wednesday that it was planning to provide Pakistan $1.3 billion for emergency, agriculture and housing relief in the wake…
Petrol prices to remain unchanged till Nov 30: Ishaq Dar
Finance Minister Ishaq Dar announced on Tuesday that there would be no change in the prices of petroleum products for the next fortnight till November…
ECC approves Kissan package to facilitate farmers
Minister for Finance Senator Mohammad Ishaq Dar presided over the meeting of the Economic Coordination Committee in Islamabad. The ECC approved the Kissan package as…
Pakistan rupee holds steady against dollar
Pakistan rupee Monday mostly ended steady versus the US dollar in the interbank trade, owing to lukewarm demand for the greenback, while dealers are not…