The dollar has reached new milestone lows against major currencies, including the euro and yen, as China’s central bank guided the yuan higher. The yuan […]
Category: Business
IMF-Pakistan talks conclude, policy draft for stand-by arrangement review prepared
Following the conclusion of talks between the International Monetary Fund (IMF) delegation and Pakistani authorities regarding the first review of the $3 billion stand-by arrangement, […]
Pakistan and IMF reach agreement to maintain annual tax collection target at Rs 9,415 billion.
Pakistan has successfully concluded discussions with the International Monetary Fund (IMF), solidifying an agreement to uphold the annual tax collection target at Rs 9,415 billion. […]
Gold prices in Pakistan fluctuate: 24-karat at Rs210,000 per tola, 22-karat at Rs192,500 per tola.
On Tuesday, the price of 24-karat gold per tola in Pakistan reached Rs210,000, while enthusiasts of 22-karat gold can acquire it at Rs192,500 per tola. […]
Moody’s Downgrades US credit outlook to ‘Negative’ citing fiscal concerns.
Moody’s, on Friday, revised the outlook on the United States credit rating from “stable” to “negative,” citing substantial fiscal deficits and declining debt affordability. The […]
State Bank of Pakistan Releases Details of Government Borrowings and Banking Statistics
According to the State Bank, the total capitalization in banks reached 610 billion rupees in October, and the cumulative capitalization until October stood at 23.232 trillion rupees.
Pakistan Shares IMF Mission on Alternative Energy Sources and Climate Initiatives
The sources indicate that briefings were also provided on increasing credit and exploring other financing options between the federal and provincial governments for the implementation of the Clean Air Policy. Moreover, preparations for the upcoming COP28 in the United Arab Emirates were discussed during the briefing.
Malaysia facilitates Pakistani tourism with hassle-free online visa process.
In a strategic move to promote tourism, Malaysia has streamlined its visa application process for Pakistani tourists, introducing a user-friendly online portal. The Immigration Department […]
China aims to guard against Yuan overshooting risks, PBOC governor confirms.
BEIJING (Reuters) – China’s commitment to preventing the yuan’s exchange rate from experiencing overshooting risks remains steadfast, according to People’s Bank of China (PBOC) Governor […]