Gold Price Extends Downward Spiral In Pakistan
BUSINESS:As the Pakistani rupee continues to strengthen against the US dollar in both interbank and open markets, gold price downward […]
Crude Oil Prices Slumps On China Outlook
BUSINESS:Crude oil prices fell on Monday as investors waited with caution for the testimony of U.S. Federal Reserve Chair Jerome […]
Is China Financing Help Rupee Claw Back Against Dollar?
KARACHI:The rupee is anticipates to strengthen against the dollar in the coming week because Pakistan reportedly secured financing from China […]
Pakistan Receives $500 Mln From China
BUSINESS:As part of the $1.3 billion facility that approved by the Industrial and Commercial Bank of China (ICBC), Pakistan received […]
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 […]
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 […]
As Internationally Oil Price Decline, Govt Likely To Maintain Petrol, Diesel Prices
KARACHI:The government has decided not to raise fuel taxes or lower diesel and gasoline prices for local consumers in order […]
China To Seal Most LNG Purchase Agreements of Any Country
COMMODITIES(B-Trams):At a time when there is a lot of competition for cargoes, China’s rush to sign new long-term liquefied natural […]
FATF Suspends Russia’s Membership Over Ukraine War
PARIS: Global financial crime watchdog Financial Action Task Force (FATF) suspended Russia’s membership on Friday, saying Moscow’s war in Ukraine violated […]
Pakistan Weekly Inflation Surges To 41.54% After Revival Of IMF Programme
KARACHI: Pakistan’s weekly inflation remained stubbornly elevated at 2.78% week-on-week and 41.54% year-on-year during the seven-day period that ended on […]