Business
Business
IMF Resumes $2.9 Billion Bailout for Sri Lanka
The International Monetary Fund (IMF) has resumed its $2.9 billion bailout package for Sri Lanka, with the South Asian country…
State Bank of Pakistan Holds Interest Rate at 22%
The State Bank of Pakistan (SBP) announced it would maintain the steady benchmark interest rate at 22 per cent. The…
Pakistani Rupee to Maintain Narrow Range Amid IMF Tranche Expectations
The Pakistani rupee is anticipated to trade within a tight range in December, buoyed by the prospect of the International…
Pakistan’s Circular Debt in Power Sector Surpasses Rs. 400 Billion
The circular debt owed to Independent Power Producers (IPPs), particularly those from Chinese companies, has soared past Rs. 400 billion.…
India to Boost Russian Oil Imports, Despite Western Sanctions
India stated on Friday that easing global oil prices could enhance India's ability to increase imports from Russia, particularly relevant…
PSX Breaks Record by Surpassing 65,000 Points
The Pakistan Stock Exchange (PSX) market has hit a new milestone, with the benchmark KSE-100 index continuing its upward trajectory…
Pakistan’s Foreign Reserves Total $12.1 Billion
Pakistan's total liquid foreign reserves have reached a level of US$12,107.1 million, as reported by the State Bank of Pakistan…
KSE-100 Soars in Bullish Trend, Hits Historic 63,000 Mark
The Pakistan Stock Exchange (PSX) witnessed a momentous day as the benchmark index surged past the 63,000 mark for the…
Pakistan Govt to Implement Major Gas Tariff Hike in January 2024
The federal government of Pakistan is set to implement a gas tariff increase for protected consumers starting January 2024. The…