Despite receiving confirmation from Saudi Arabia and the United Arab Emirates (UAE), the International Monetary Fund (IMF) has now asked Pakistan to arrange $8 billion in new loans to support external debt repayments over the next seven months in order to ensure that the long-stalled ninth review bailout package isContinue Reading
The International Monetary Fund (IMF) has now requested Pakistan to arrange $8 billion in new loans to support external debt repayments over the next seven months in order to ensure that the long-stalled ninth review bailout package is successfully completed, despite receiving confirmation from Saudi Arabia and the United ArabContinue Reading
Beginning on Tuesday, the suspension of mobile broadband internet services cost Pakistan’s telecom industry Rs2.49 billion. Due to the riots started by Imran Khan’s imprisonment, mobile broadband internet connections have been down for a fourth day in a row in numerous parts of the nation. Mobile broadband services provide 280Continue Reading
(Reuters) – The Securities and Exchange Commission (SEC) said on Friday that it had made its largest-ever payout of over $279 million to a whistleblower whose information aided the regulator’s enforcement action. In its statement, the agency did not name the instance in question. The award is more than twiceContinue Reading
LAHORE – Three World Bank, Asian Development Bank (ADB), and Agence Française de Developpement (AFD) teams met separately with NTDC Managing Director Engr. Dr. Rana Abdul Jabbar Khan today at WAPDA House Lahore to evaluate the status of different existing and planned projects. The foreign delegations of the lenders, alongContinue Reading
ISLAMABAD: The cement dispatches decreased by 7.10% in February 2023 as a result of the worsening economic condition, import restrictions, and halted building operations. The total amount of cement shipped this month was 4.040 million tonnes, compared to 4.348 million tonnes sent in the same month previous fiscal year. TheContinue Reading
KARCHI : — The Pakistan Stock Exchange lost Rs1.2 trillion in the second month of 2023, bringing the total finance of the PSX to Rs62.7 trillion, up from 63.9 trillion before. In February 2023, the dollar lost Rs six when compared to the rupee, causing the interbank dollar rate toContinue Reading
LONDON (Web Desk) – Britain announced plans on Monday for a post-Brexit review of its regulations for the 11 trillion pound ($13.2 trillion) asset management industry, with a focus on improving liquidity after a near-meltdown in funds used by pension schemes last September. Before Britain left the European Union, lawsContinue Reading
DHAKA : ( AFP ) -According to a senior US ambassador now in Bangladesh, sanctions on an elite Bangladeshi police unit suspected of arbitrary murders won’t be lifted until the force is reformatted. Last week, State Department Counselor Derek Chollet travelled to the South Asian nation where he spoke withContinue Reading
ISLAMABAD: The A News said that on February 16 (tomorrow), due to the exchange rate of the US dollar, the cost of petroleum items may rise by above Rs32/litre. The closing price for petroleum, oil, and lubricants was Rs236.40 per dollar, while the current price for the next two weeksContinue Reading
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