Rupee turns tables on US dollar on renewed bailout bets
KARACHI: Pakistani Rupee on Thursday put major dent on the US dollar, strengthening by over a per cent in inter-bank trade, as hopes for...
Respite for Pakistan as IMF ‘receives’ $2bn assurance from Saudi Arabia
ISLAMABAD: Pakistan moved one step closer to the revival of the crucial bailout package of the International Monetary Fund (IMF) as Saudi Arabia has...
Saudi Arabia signals funding of $2 billion to Pakistan
ISLAMABAD: Pakistan’s economy is set to receive a much-needed boost as Saudi Arabia has given the green signal for funding worth $2 billion to...
Rupee hits all-time low at Rs288 against USD amid IMF delay
KARACHI: The Pakistani rupee on Tuesday plunged to a new all-time low against the US dollar, reaching Rs288 in the interbank market.
The devaluation of...
SBP jacks up key rate to record high of 21 per cent
KARACHI: The State Bank of Pakistan (SBP) further tightened its monetary policy on Tuesday, jacking up key policy rate by 100 basis points to...
Khunjerab Pass reopened for Pak-China trade after 3 years hiatus
ISLAMABAD: Khunjerab Pass, the only land route between Pakistan and China, has been reopened for trade and all kinds of traffic from today (Monday)...
‘50-year high’: Inflation spikes to 35.37 per cent in March
ISLAMABAD: Annual inflation, measured by the Consumer Price Index (CPI) of Pakistan, soared to a record high of 35.37 percent in March, compared to...
Pak-China border trade to restart next week after three-year hiatus
ISLAMABAD: Pakistan and China are set to resume trade from April 1 through Khunjrab Pass - the only land route between the two countries...
EU removes Pakistan from ‘List of High-Risk Third Countries’
ISLAMABAD: The European Union (EU) has removed Pakistan from the “List of High-Risk Third Countries” after which Pakistani businesses and individuals will no longer...
Petrol price likely to go down from April 1
ISLAMABAD: Following a reduction in international crude oil prices, the rates of petroleum products in Pakistan are expected to decline from April 1, reports...
