Business
Business
Pakistan’s Foreign Reserves Set to Hit $10 Billion, Finance Minister Announces Strategy
On Tuesday, Finance Minister Muhammad Aurangzeb announced that Pakistan's gross official foreign exchange reserves are expected to rise to $10…
Hong Kong and Singapore Ban Indian Spices Over Carcinogenic Concerns
Hong Kong and Singapore have banned Indian spice brands MDH and Everest after detecting the presence of ethylene oxide, a…
IMF board to approve $1.1bn for Pakistan on 29th April
The International Monetary Fund (IMF) is set to review Pakistan’s $3 billion Stand-By Arrangement (SBA) on April 29, despite recent…
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…