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Business
Record High: Pakistan Stock Exchange Surges Past 71,000 Points
On Monday, the Pakistan Stock Exchange (PSX) crossed 71,000 points for the first time, nearing 72,000 points. The KSE-100 Index…
Pakistani Rupee Gains Against US Dollar in Recent Trading
The US dollar has weakened against the Pakistani rupee in recent trading sessions in the foreign exchange market. Currency dealers…
Ola Cabs Prepares for $500 Million IPO Amidst Market Fluctuations
Indian ride-hailing company Ola Cabs is preparing for an initial public offering (IPO) to raise $500 million at a valuation…
Pakistan Seeks $6-8 Billion IMF Bailout Amid Economic Challenges
Pakistan has formally requested a bailout of $6 to $8 billion from the International Monetary Fund (IMF) under the Extended…
Pakistan Targets May for New IMF Loan Agreement
Pakistan's Finance Minister Muhammad Aurangzeb told Reuters that the country aims to finalize the terms of a new International Monetary…
Dollar Declines in Interbank Market as Business Week Closes
Currency dealers noted a decrease in the dollar's value at the start of trading on the final day of the…
SBP Reserves Stable After $1 Billion Bond Repayment
The State Bank of Pakistan (SBP) announced that its foreign exchange reserves increased by $14.4 million to $8.055 billion in…
Billions in Government Revenue Frozen Due to FBR Tax Disputes
The Federal Board of Revenue (FBR) Tax disputes have resulted in approximately 2,237 billion PKR being withheld from the federal…
Drop in Pakistan’s Forex Reserves, Latest SBP Data Reveals
Although Pakistan's government has changed, the country's economic conditions have remained relatively stable. Recent statistics from the State Bank of…