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…
Business
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…
US dollar gains futher ground against PKR
The rate for the US Dollar stands at Rs286 on Tuesday morning, as the interbank exchange rate saw a steady increase of a good 71…
Pakistan rupee hits record low against US dollar
The rate for the US Dollar stands at Rs286 on Tuesday morning, as the interbank exchange rate saw a steady increase of a good 71…
Banks to remain closed on Allama Iqbal Day
The State Bank of Pakistan (SBP) has officially declared a bank holiday on November 9, 2023, to commemorate Allama Iqbal Day. This decision has been…