Rupee Boost Against US Dollar After Dar’s Assurance of IMF Deal
BUSINESS:The assurances of Finance Minister Ishaq Dar that a deal will be reached with the International Monetary Fund (IMF) next […]
50,000MT Russian Wheat Arrived Gwadar Pakistan
BUSINESS:Gwadar Port Authority (GPA) Chairman Pasand Khan Buledi confirmed on Thursday that the first of the nine ships carrying 50,000 […]
WTI Crude Oil Rises on China Demand Hopes
COMMODITIES(B-Trams): NEW YORK: On Friday, Wti Crude Futures were close to $78 per barrel and were on track to finish […]
Pakistan Jacks Up Interest Rate By 300bps
BUSINESS:In an off-cycle review, the benchmark interest rate was increased by 300 basis points (bps) to 20% by the State […]
Pakistan To Strike Staff-Level Agreement with IMF ‘Next Week’
BUSINESS:Ishaq Dar, the federal minister of finance and revenue, said on Thursday that Pakistan and the International Monetary Fund (IMF) […]
Asian Stocks Trading Rally Sputters As China Active, Higher U.S. Yields Weigh
BUSINESS:Internationally the Federal Reserve will keep raising interest rates to combat sticky inflation caused a rally in Asian shares to […]
Palm Oil Futures Trade Rose To 8-Weeks High
COMMODITIES (B-Trams): Due to strong export demand, a weaker ringgit, and concerns about supply, Malaysian palm oil futures rose for […]
Intra Day Trade Update, Rupee Slumps by 6.83 Against Dollar
KARACHI: During intra-day trade in the interbank market, the local currency lost more than Rs6.83 against the US dollar in […]
Crude Oil Prices Surges As Rising Supplies And Chinese Demand Hopes
COMMODITIES(B-Trams): New York: oil prices slightly rose as signs of ample supply, such as rising crude futures inventories in the […]
SBP Likely to Increase Interest Rates Today
BUSINESS:The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) is likely to raise interest rates. The SBP […]
Pakistan Discontine Kissan Package Subsidy for Agriculture Consumers
BUSINESS: The coalition government has ended the power subsidy that was provided to consumers in agriculture as part of the conditions […]
DHL Logistics Co. Close Operations In Pakistan
KARACHI:DHL , the world leader in logistics , announced on Monday that it would reduce its presence in Pakistan beginning […]
Gold Price in Pakistan Racks-Up in Lukewarm Demand
COMMODITY: Pakistan Gold Prices Racks-Up amid lukewarm demand as investors are anticipating the central bank’s hawks to tighten the monetary […]