In addition to these loan requests, Pakistan is also negotiating with Saudi Arabia for an oil facility on deferred payment terms, which would provide much-needed relief to the country’s foreign exchange reserves
Category: Business
Wall street declines over 1% as investors weigh weak factory data ahead of labor reports.
Wall Street’s main indexes dropped by more than 1% on Tuesday as investors reacted to subdued factory activity data, anticipating the impact of upcoming labor […]
Stability in Gold Prices: A Closer Look at the Current Market Trends in Pakistan
As gold continues to be a crucial asset in Pakistan, understanding the factors that influence its price is vital for making sound financial decisions. Whether you are a consumer looking to buy gold
Significant Improvement in Pakistan’s Foreign Exchange Reserves and Rupee Value Over the Past Year
As Pakistan continues to implement reforms and strengthen its financial sector, further improvements in economic indicators are expected. The ongoing efforts to enhance foreign exchange reserves and stabilize
Rising Food Prices Strain Household Budgets: A Look at the Latest Price Hikes in Chicken, Vegetables, and Fruits
The recent surge in food prices, particularly for chicken, vegetables, and fruits, is a cause for concern for consumers across the country. As essential food items become more expensive
Federal Government Reduces Petroleum Prices Amid Economic Challenges
As Pakistan continues to navigate its economic difficulties, further measures may be needed to stabilize the economy and protect the livelihoods of its citizens. For now, the reduction
U.S. Economy grows at 3% in q2 driven by strong consumer spending and business Investment.
The U.S. economy grew at a robust 3% annual rate in the last quarter, according to the Commerce Department’s revised estimate released on Thursday. This […]
Pakistan’s PIA Privatisation Faces October 1 Deadline Amid Financial Struggles
The privatisation process of Pakistan International Airlines (PIA), a long-struggling state-owned enterprise, is facing a critical deadline of October 1, 2024. This deadline was reiterated […]
Telegram CEO pavel durov faces possible charges in france over criminal allegations.
French prosecutors are expected to either charge or release Telegram CEO Pavel Durov after his police custody order expires on Wednesday. Durov was detained on […]