Pakistan receives first installment of $1.2bn from IMF: Dar
The International Monetary Fund (IMF) on Thursday transferred US$1.2 billion to State Bank of Pakistan (SBP) out of total $3 billion under the Stand-By Agreement…
Business
No increase in basic power tariff since September: Khurram Dastagir
Minister for Power Khurram Dastagir has said no increase has been made in the basic tariff of electricity since September last year. Addressing a news…
UAE deposits $1bn in SBP: Ishaq Dar
Finance Minister Ishaq Dar said on Wednesday that the United Arab Emirates (UAE) has deposited $1 billion in Pakistan’s central bank, another boost for the…
Fitch upgrades Pakistan’s rating after IMF deal
Rating agency Fitch on Monday revised its outlook on Pakistan from ‘CCC-’ to ‘CCC’ as Pakistan managed to secure a last-minute bailout deal. In the…
Nepra approves further increase in electricity tariff
The National Electric Power Regulatory Authority (Nepra) Monday approved another Rs1.24 per unit hike in power tariff on account of third-quarter adjustments of the financial…
Gold price declines by Rs2,200 per tola
Gold prices continued downward trend in domestic market for second consecutive day on Tuesday as Pakistani rupee made rebound against the US dollar following IMF…
Pak rupee makes strong recovery against dollar in interbank
The Pakistani rupee on Tuesday gained massively in the interbank market following a deal with International Monetary Fund (IMF). Taking a cue from the Pakistan…
Shares at PSX surge 2,200 points following deal with IMF
Following Pakistan’s staff-level agreement with the International Monetary Fund (IMF) over the weekend, Pakistan Stock Exchange (PSX) Monday witnessed a bullish trend as the KSE-100…
Govt keeps petrol price unchanged, hikes HSD by Rs7.5
Finance Minister Ishaq Dar announced on Friday that the petrol prices will remain the same but the diesel prices have been increased by Rs7.50 for…
Pakistan, IMF reach $3bn staff-level agreement
The International Monetary Fund (IMF) and Pakistan have reached to nine-month Stand-By Arrangement (SBA) of around US$3 billion, according to press statement issued by the…