The Pakistani rupee on Tuesday gained massively in the interbank market following a deal with International Monetary Fund (IMF). Taking a cue from the Pakistan Stock Exchange (PSX) which scored its biggest single-day jump in 15 years on Monday, gaining 5.9% on the first trading session after the country secured the last-gasp funding deal from مزید پڑھیں

Following Pakistan’s staff-level agreement with the International Monetary Fund (IMF) over the weekend, Pakistan Stock Exchange (PSX) Monday witnessed a bullish trend as the KSE-100 benchmark index gained over 2,200 points. In an extraordinary turn of events, the Pakistan Stock Exchange (PSX) experienced a remarkable surge in its indices on the first working day following مزید پڑھیں

Finance Minister Ishaq Dar announced on Friday that the petrol prices will remain the same but the diesel prices have been increased by Rs7.50 for the next fortnight. Finance Minister Ishaq Dar shared the upgraded rates of petroleum products in a video statement. In an effort to minimize the burden on the public, the finance مزید پڑھیں

The International Monetary Fund (IMF) and Pakistan have reached to nine-month Stand-By Arrangement (SBA) of around US$3 billion, according to press statement issued by the fund. “I am pleased to announce that the IMF team has reached a staff-level agreement with the Pakistani authorities on a nine-month Stand-by Arrangement (SBA) in the amount of SDR2,250 مزید پڑھیں

State Minister for Petroleum Musadik Malik announced on Wednesday that the Bonded Bulk Storage Policy 2023, recently approved by the Economic Coordination Committee (ECC) of the cabinet, will end the hoarding of petroleum products, reduce pressure on foreign exchange reserves and eliminate the fear of oil dry out in Pakistan. In a press conference, he مزید پڑھیں

An oil tanker carrying the second shipment of Russian crude reached at the Karachi port on Tuesday. The vessel, “Clyde Noble”, is carrying 55,000 metric tonnes of crude oil and the process to unload the shipment will start as soon as the birthing plan is finalized. The vessel is currently docked at the outer lounge مزید پڑھیں

Prime Minister Shehbaz Sharif said Tuesday that Pakistan expects a decision on the International Monetary Fund’s (IMF) stalled bailout programme within a day or two as the struggling country continues to meet the lender’s demands. Prime Minister Shehbaz Sharif held a phone meeting with International Monetary Fund Managing Director Kristalina Georgieva on Tuesday during which مزید پڑھیں

Acting President Sadiq Sanjrani — who has assumed the role as President Arif Alvi went on Haj — approved the amended Finance Bill 2023-24 on Monday. A day ago, the said bill for the new fiscal year sailed through the National Assembly after the government had made several changes, including fiscal tightening measures, dictated by مزید پڑھیں

The budget for the new fiscal year sailed through the National Assembly (NA) on Sunday, a day after the government made several changes, including fiscal tightening measures, dictated by the Internat­ional Monetary Fund (IMF) in a last-ditch effort to secure critical funding. The budget was passed during a session that lacked quorum, with only 70 مزید پڑھیں

In a last-ditch effort to clinch a stalled rescue package with the International Monetary Fund (IMF), the government has agreed to introduce a number of changes to its budget for the fiscal year 2024, confirmed Finance Minister Ishaq Dar on the floor of the National Assembly. “In the last three days, Pakistan’s economic team has مزید پڑھیں