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,…
Business
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…
Maiden Russian crude oil shipment to reach Pakistan next month: Musadik Malik
Minister of State for Petroleum Dr. Musadik Malik says Pakistan will import cheap oil from Russia next month to facilitate general public. Talking to a…
Staff-level agreement with IMF expected in ‘next few days’: Dar
Finance Minister Ishaq Dar said that the negotiations between the government and the International Monetary Fund (IMF) are going well and it is expected to…
EU removes Pakistan from ‘High Risk Third Countries list’
After exiting the grey list of Financial Action Task Force (FATF), Pakistan has achieved another major milestone as European Union (EU) has removed Pakistan from…
Pakistan needs to overcome trust deficit: IMF
The International Monetary Fund (IMF) has acknowledged that Pakistan’s economy faced multiple challenges, including high inflation and interest rates as well as low foreign exchange…
India’s Congress leader Rahul Gandhi disqualified from parliament
India’s parliament on Friday disqualified the leader of the main opposition Congress party, Rahul Gandhi, a day after a court jailed him for two years…
Pakistan-Russia final crude oil import talks start today in Karachi
A Russian technical delegation will hold talks today (Tuesday) with Pakistan State Oil (PSO) officials in Karachi, to give final touches to a crude oil…
Pakistan did not consult ahead of announcing fuel subsidy proposal: IMF
Pakistani authorities did not consult with the International Monetary Fund (IMF) staff ahead of announcing their recent fuel subsidy proposal, the lender’s resident representative said….