Business
Business
Pakistan repays $1bn Sukuk, stops imminent default risk challenge: Blomberg
Bloomberg reported that the State Bank of Pakistan (SBP) made the payment for a $1 billion bond on Friday. Referring…
Pakistan’s gold price reaches an all-time high of Rs163,500 per tola
Pakistan surged to Rs163,500, an all-time high, in tandem with the consistent rise in worldwide prices. All Pakistan Sarafa Gems…
Musk delivers first Tesla truck, but no update on output, pricing
Tesla Chief Executive Elon Musk delivered the company's first heavy-duty Semi on Thursday to PepsiCo without offering updated forecasts for…
Saudi Arabia extends the $3 billion deposit with the SBP
The State Bank of Pakistan (SBP) stated that Saudi Arabia had extended the maturity date for the $3 billion deposited…
Pakistan’s trade deficit grows by 23 percent as exports decline
Pakistan's trade deficit widened by 23.59 percent month-over-month in November and jumped to $2.87 billion compared to $2.32 billion in…
SBP refutes allegations of limits on opening LCs for crude oil and LNG imports
The State Bank of Pakistan (SBP) refuted rumors that the government has restricted the opening of Letters of Credit (LCs)…
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…