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After months-long hectic efforts, the International Monetary Fund (IMF) executive board Monday approved the seventh and eighth review of the stalled $6 billion Pakistan programme, announced...
Minister of Finance Miftah Ismail says flash floods caused at least $10 billion in damage. Says various sectors of country’s already struggling economy have been impacted....
Decline in current account deficit largely reflects a sharp decline in energy imports. “Narrower deficit is the result of wide-ranging measures taken in recent months,” SBP...
Gold falls below the threshold of Rs146,000 per tola. Price settles at Rs145,900 per tola. Silver prices remain unchanged in local market. KARACHI: Gold extended losses...
IMF’s executive board is scheduled to meet on August 29. Fund will take up matter of loan dispersal to Pakistan. “Pakistan has commitments of $38bn, we...
UK recorded its biggest fall in output in more than 300 years in 2020. Gross domestic product fell by 11.0% in 2020. Revision in GDP reflects...
SBP hints at tightening policy rate in next meeting scheduled to be held on October 10. Central bank had cumulatively increased rate by 800bps from Sept...
In interbank market, rupee fell 2.01 or 0.93%. The local unit closes at 216.66 against dollar. Rupee fell 0.31% against greenback last week. KARACHI: The Pakistan...
KARACHI: The Pakistani rupee continued to strengthen against the US dollar for the tenth successive working day, gaining Rs1.51 to close at Rs213.98 in the interbank...
Gold price settles at Rs134,200 per tola. Price has declined by Rs9,300 per tola since August 10. Gold is cheaper by Rs7,500 per tola compared to...
