Easing political jitters push Pakistan stocks past 86,000 points
KARACHI: Stocks surged on Monday as investors, who have been closely watching the political wrangling over judicial reforms from the sidelines, binged on an...
IMF board approves $7bn bailout for Pakistan; tranche of $1.1bn expected this month
WASHINGTON: The International Monetary Fund’s (IMF) Executive Board on Wednesday approved a $7 billion Extended Fund Facility (EFF) for Pakistan, with the first tranche...
Economic reforms supported by IMF deal to increase growth in Pakistan, says ADB
ISLAMABAD: The ADB on Wednesday said that the economic reform agenda supported by the three-year International Monetary Fund (IMF) Extended Fund Facility (EFF) was projected to...
PSX surges to record close above 82,000 points on economic optimism
KARACHI : Stocks scaled a new peak on Friday, with the benchmark index surpassing the 82,000 mark during intraday trade, as forecasts of declining...
Rupee may face pressure amid IMF’s bailout uncertainty
KARACHI: The Pakistani rupee is anticipated to face pressure, potentially exceeding 279 per dollar due to uncertainties surrounding the International Monetary Fund’s (IMF) loan...
FBR collects Rs 9,306 bln in FY 2023-24
ISLAMABAD:Federal Board of Revenue (FBR) has collected Rs 9,306 billion in financial year 2023-24 against the target of Rs 9,252 billion, showing an increase...
Pakistan’s total liquid foreign reserves surge over $ 14.62 billion
KARACHI: The total liquid foreign reserves of Pakistan increased to US$ 14,626.4 million while foreign reserves held by State Bank of Pakistan stood at...
Petrol price slashed by Rs5.45 per litre for 1st May.
KARACHI: The petrol price in Pakistan has been slashed by Rs5.45 per litre from Rs293.94 to Rs288.49 for the next fortnight in line with...
SBP receives $1.1 billion IMF tranche amid high hopes of economic stability
ISLAMABAD: The State Bank of Pakistan (SBP) has received SDR 828 million (around $1.1 billion) from the International Monetary Fund (IMF) a day after...
IMF executive board to discuss ‘approval of $1.1bn funding for Pakistan on April 29’
ISLAMABAD:The executive board of the International Monetary Fund will meet on April 29 to discuss the approval of $1.1 billion funding for Pakistan, the...