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KARACHI: The rupee fell sharply against the US dollar on Wednesday, losing Rs5.38, or 1.89%, to close at Rs290.22 per dollar in the interbank market, data...
Moody’s Investor Service has warned that without an International Monetary Fund (IMF) programme Pakistan could default as its financing options beyond June are “uncertain”, Bloomberg reported. “We consider...
The government has revised the rate of profit on national saving schemes by upto 1% to make the schemes lucrative and mobilise investment from the general...
INCHEON: In a major development, the Asian Development Bank (ADB) expressed commitment to help build the much-needed climate-resilient infrastructure for Pakistan — which faced over $30...
Gold prices jumped to another all-time high in Pakistan as the economic prospects remain gloomy amid a stalled International Monetary Fund (IMF) bailout programme. According to...
ISLAMABAD: Yango, which is owned by Russian tech giant Yandex, has announced its plans to invest in Pakistan, company’s president Anton Zykov confirmed during a meeting with Federal Minister...
ISLAMABAD: Pakistan is most likely to pay for the Russian oil in Chinese Yuan with the test cargo carrying 750,000 barrels of crude expected to dock in...
The foreign exchange reserves held by the State Bank of Pakistan (SBP) declined slightly in the week ending April 28, data released by the central bank...
The increase in international gold rates, coupled with Pakistan’s ongoing economic turmoil, led to the precious metal’s value reaching a fresh high in the country Thursday....
ISLAMABAD: In a meeting with US Embassy Charge’d Affaires Andrew Schofer, Finance Minister Senator Ishaq Dar on Wednesday reiterated the federal government’s commitment to the International...
