Business
Business
SBP foreign reserves fall to $7.5bn
The State Bank of Pakistan's (SBP) foreign exchange reserves decreased by 4.17 % and reached USD 9.75 billion. The SBP's…
Russia refuses Pakistan a discount of 30-40% on crude oil
Russia has refused to grant Pakistan a 30-40% discount on Russian crude oil. An article in "The News" claimed that…
No objections if Pakistan imports Russian crude oil
State Department has stated that the US has no concerns about Pakistan's import of Russian crude oil, citing the absence…
Pakistan may face fuel shortage liquidity crisis
Pakistan may experience a shortage of petroleum products due to the ongoing US dollar liquidity crisis. The shortage of USD…
AIIB provides $500M to Pakistan
Finance Minister Ishaq Dar stated that the Asian Infrastructure Investment Bank (AIIB) has handed $500 million to Pakistan's State Bank…
Govt spars for IMF’s $1.18bn tranche
The International Monetary Fund (IMF) is analyzing Pakistan's fiscal situation, especially the flood-related expenses and impact, which it believes have…
Elon claims Apple threatened to yank Twitter from App Store
Elon Musk accused Apple Inc of threatening to block Twitter Inc from its app store without saying why in a…
Rolls-Royce successfully tests hydrogen-powered jet engine
Britain’s Rolls-Royce said it has successfully run an aircraft engine on hydrogen, a world aviation first that marks a major…
IMF asks Pakistan to reduce expenditures
The International Monetary Fund (IMF) requested that Pakistan decrease its expenditures before the ninth review of a $7 billion loan…