IMF Board approves $3bn stand-by arrangement for Pakistan
WASHINGTON: The Executive Board of the International Monetary Fund (IMF) approved a 9-month Stand-By Arrangement (SBA) for Pakistan for an amount of SDR2,250 million...
Korean company, Pakistani university collaborate in soya bean research, drone training
Pir Mehr Ali Shah Arid Agriculture University Rawalpindi (PMAS-AAUR) and Oaks CAF Korean Company will collaborate to establish Soya Bean Research & Development Center,...
$2b Saudi injection boosts forex reserves: Ishaq Dar
ISLAMABAD: Finance Minister Ishaq Dar reiterated that the Saudi Arabian injection to Pakistan helped boost the foreign exchange reserves and impacted positively on country's...
Pakistan receives $2bn deposit from Saudi Arabia: Ishaq Dar
ISLAMABAD: Finance Minister Ishaq Dar on Tuesday announced that Pakistan had received a $2 billion from Saudi Arabia – a major development given that...
PPP, PTI support IMF deal as Fund holds talks with political parties
ISLAMABAD: The International Monetary Fund (IMF) representative Esther Perez Ruiz said that the Fund is in the process of meeting representatives from the country's...
Government vows to remove red tape in direct foreign investment
ISLAMABAD: Federal Planning Minister Ahsan Iqbal on Wednesday announced plans to remove obstacles hindering foreign investment in Pakistan.
The minister briefed the media after a...
Dollar bounces back with Rs1.56 boost in interbank trade
KARACHI: The dollar appears to have bounced back on Wednesday at the opening of interbank trade, as it gained 31 paisas.
The dollar was exchanged...
Dar aims to establish $15 billion reserve before govt tenure ends
ISLAMABAD: Finance Minister Ishaq Dar has said that the assembly would dissolve once the government’s term ends but says he aims to establish a...
Dollar loses a massive Rs11 in interbank trade
KARACHI: In a significant development from the local interbank trade, the US dollar suffered a huge blow as compared to the local currency as...
PSX spikes after IMF loan revival
KARACHI: The Pakistan Stock Market (PSX) spiked over 1,900 points on Monday, as investors’ confidence is revived after the signing of a staff-level agreement...
