Pakistan requests china to reschedule of $3.4b debt
Pakistan has again requested China to reschedule $3.4 billion debt for two years to bridge a foreign funding gap identified by the International Monetary Fund…
Business
Pakistan’s exports surge 10%
Pakistan’s exports surged by 10% in the first seven months of the current fiscal year, reaching $19.55 billion, compared to $17.77 billion during the same…
Pakistan food exports see growth in six months
Pakistan registered handsome 13.8 percent increase in exports of food items due to effective policies adopted by the Special Investment Facilitation Council (SIFC) and the…
World Bank to grant $1bn loan for Dasu hydropower expansion
The World Bank (WB) is set to issue a fresh $1 billion loan for the first phase of the Dasu hydropower project, following the approval…
Gold loses shine for buyers as prices continue to rise
Gold continued to record on Saturday with prices of 10 grams and one tola, reaching another historic high. The rising price has also made the…
FBR faces Rs468bn shortfall in seven months
Amid ongoing efforts to increase revenue generation, the Federal Board of Revenue (FBR) is looking at a massive revenue shortfall of Rs468 billion in the…
Govt likely to raise petrol, diesel prices tonight
The government is expected to raise the price of petrol by Rs1.24 per litre and diesel by Rs4.49 per litre from tonight for the next…
Positivity returns to PSX, KSE-100 gains over 1,400 points
Positivity returned to the Pakistan Stock Exchange (PSX) after three consecutive days of selling pressure. The benchmark KSE-100 Index gained over 1,400 points during intra-day…
Finance minister assures commitment to IMF agreement
Finance Minister Muhammad Aurangzeb has assured the government’s resolve to stand firm by its commitments to the $7 billion International Monetary Fund (IMF) programme. “We…
SBP cuts key policy rate for sixth consecutive time
The State Bank of Pakistan (SBP) announced on Monday that it had decided to cut its key policy rate by 100 basis points (bps) to…