Crude oil prices surged on Thursday due to escalating tensions in the Middle East, raising concerns over potential disruptions to global oil supplies. Meanwhile, U.S. […]
Category: Business
IMF Mission Chief: Pakistan’s Economic Stability Could Mark Its Last IMF Program
By adhering to the IMF’s recommendations, Pakistan could position itself to achieve long-term economic sustainability, reducing its dependence on external financial assistance.
Stock Market Rises by 304 Points, US Dollar Continues to Decline in Interbank Market
The 304-point rise in the Pakistan Stock Exchange and the declining US dollar in the interbank market are signs of renewed optimism in Pakistan’s economy. Investors are beginning
Suriname secures historic $10 billion oil investment from total energies and APA corp.
France’s TotalEnergies and U.S.-based APA Corporation announced plans to invest $10 billion to extract oil off the coast of Suriname, marking a historic investment for […]
U.S. dockworkers strike shuts down ports from Maine to Texas.
On Tuesday, approximately 45,000 dockworkers went on strike for the first time since 1977, shutting down ports from Maine to Texas. Members of the International […]
Pakistan’s Foreign Exchange Reserves See a Boost: Governor State Bank Highlights Positive Economic Outlook
The recent boost in foreign exchange reserves, thanks to the IMF tranche, marks an important milestone for Pakistan’s economy. With the State Bank of Pakistan focusing on promoting
Inflation Declines in Pakistan: A Positive Shift in Economic Outlook
The release of the inflation report for September 2024 brings encouraging news for Pakistan’s economy. The decline in inflation to 6.93%—the lowest in 44 months—signals that the country
Bidding date for Pakistan international airlines privatization extended to October 31, 2024.
The Privatisation Commission has postponed the bidding date for the privatization of Pakistan International Airlines (PIA) to October 31, 2024. As a result of this […]
Pakistan and Oman agree to finalize MoU on labor and manpower exchange.
Pakistan and Oman have reached an agreement to expedite the finalization of a memorandum of understanding (MoU) on labor and manpower exchange, aimed at facilitating […]