SBP keeps key policy rate unchanged at 22 per cent
KARACHI: The State Bank of Pakistan (SBP) on Monday kept the key policy rate unchanged at 22 per cent. The central bank governor Jameel...
PSX 100-index gains record 1000 points, crosses 48,000 barrier
KARACHI: The first day of the business week saw a huge boom in the Pakistan Stock Exchange (PSX) that registered an increase of more...
Chinese bank rolls over $2.4 billion loan to Pakistan
ISLAMABAD: The Export-Import Bank of China (EXIM) has rolled over $2.4 billion to Pakistan, a sigh of relief for the outgoing Pakistan Democratic Movement-led...
Dollar takes Rs0.40 dip in interbank; Exchange rate now stands at 284.75
KARACHI: The United States (US) dollar has experienced a Rs0.40 decline in value against the Pakistani rupee in the interbank market during the early...
Petroleum dealers announce countrywide strike tomorrow (July 22)
ISLAMABAD: The Pakistan Petroleum Dealers Association (PPDA) on Thursday announced shutting down fuel pumps across the country on July 22, demanding an increase in...
Pakistan receives $600m from China to stabilize its economy: Shehbaz Sharif
ISLAMABAD: Prime Minister Shehbaz Sharif mentioned that the rollover loan of $600 million has been provided by the Exim Bank of China.
The State Bank...
IMF seeks plan to expand tax base, cites real estate and agri sectors
ISLAMABAD: The International Monetary Fund (IMF) has been pressing Pakistan to expand tax base and increase revenue generation – which is again one of...
Govt asked to shot down oil-fired power plants, ensure RLNG supply
ISLAMABAD: The decision made by the National Electric Power Regulatory Authority (NEPRA) to hike the electricity base tariff by Rs4.96 per unit – a...
Pakistan gets LNG shipment offer for first time after IMF deal
ISLAMABAD: Pakistan received positive response of liquefied natural gas (LNG) Shipment, just two days after Islamabad secured final approval to borrow $3 billion from...
Dollar value surges by Rs1.4 in interbank
KARACHI: Despite the agreement with the International Monetary Fund (IMF), the value of the dollar continues to appreciate against the Pakistani currency.
Currency dealers reported...
