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Business

Web Desk
Aug 22, 2024

IMF expected to approve new loan by September: FinMin Aurangzeb

Finance Minister Muhammad Aurangzeb has announced that the International Monetary Fund (IMF) Executive Board is expected to approve a new programme for Pakistan in September 2024, following ongoing discussions that are progressing positively.

Business

Web Desk
Jan 02, 2024

IMF to decide on $700 million tranche for Pakistan next week

The International Monetary Fund has marked Pakistan on its Executive Board’s agenda for January 11, as disclosed on the official IMF website.

Business

Web Desk
Dec 14, 2023

SBP reports notable increase in forex reserves

In a notable surge, the foreign exchange reserves held by the State Bank of Pakistan (SBP) experienced an increase of $20.6 million, equivalent to 0.29 per cent WoW, reaching $7.04 billion in the week concluding on December 8, 2023.

Business

Web Desk
Dec 07, 2023

SBP reserves witness weekly dip of $236.8 million

The State Bank of Pakistan (SBP) witnessed a decline in foreign exchange reserves, dropping by $236.8 million, or 3.26 per cent, week over week (WoW), to reach $7.02 billion by the week ending on December 1, 2023.

Business

Web Desk
Nov 23, 2023

SBP’s reserves decline by $216.7 million amidst debt repayments

In the week concluding on November 17, 2023, the State Bank of Pakistan (SBP) observed a decline in its foreign exchange reserves by $216.7 million, marking a 2.93 per cent decrease compared to the previous week.

Business

Web Desk
Nov 22, 2023

Pakistan’s stock market hits new record high, closes at 58,198.76

The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) achieved yet another milestone by closing at a new record high, surpassing the 58,000 mark after a brief period of consolidation in recent trading sessions.