European Central Bank (ECB) President Christine Lagarde disclosed that her son lost “almost all” of his investments in cryptocurrencies, highlighting the risks associated with such […]
Category: Business
Pakistan rupee gains ground against US dollar amid positive economic indicators.
In Karachi, the Pakistan rupee showed resilience against the US dollar, marking a net gain of Rs1.13 or approximately 0.40% during the week in the […]
France and U.S. plan to seek halt to private financing for coal plants at UN climate conference.
France, with the backing of the United States, is planning to propose a halt to private financing for coal-based power plants during the upcoming UN […]
Dollar hits fresh milestone lows as China guides yuan higher.
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 […]
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.