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…
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…
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…