According to data shared by the central bank, the net foreign reserves held by commercial banks decreased by US$630 million to $5.43 billion. The total national reserves have decreased by US$41 million to US$14.58 billion. The total liquid foreign reserves held by the country stood at US$ 14,58 billion During the week ended on 17-May-2024, […]
This is the fourth petition filed in the high courts against the Pemra ban order. The petitions mentioned as respondents the Pemra chairman and director general, the federal government through the secretaries for interior and law and parliamentary affairs. The petitions called for the Pemra notification to be suspended, set aside, and declared illegal. According […]
IMF team, led by mission chief Nathan Porter, concluded discussions with the authorities on Thursday after arriving in Pakistan on May 13, the lender said in a statement. “The mission and the authorities will continue policy discussions virtually over the coming days aiming to finalize discussions, including the financial support needed to underpin the authorities’ […]
Despite efforts by the Special Investment Facilitation Council (SIFC), Pakistan’s investment ratio fell to just 13.1% of the size of the economy in the previous fiscal year, the lowest level in 50 years, according to numbers certified by the National Accounts Committee (NAC). This 50-year low ratio of investment to GDP (gross domestic product) confirms […]
The highest-paid CEO in the United States is Hock Tan of Broadcom, not Tim Cook of Apple, Elon Musk of Tesla, or Mark Zuckerberg of Meta Platforms, according to a Wall Street Journal (WSJ) analysis released this week. Tan, 71, received a $162 million payout last year, but the Wall Street Journal reported that he […]
The second Investment Roadshow, sponsored by USAID, was opened on Wednesday by US Ambassador to Pakistan Donald Blome. At the event, fourteen forward-thinking clean technology businesses presented their work to encourage private sector investment in sustainable energy solutions. According to a statement from the US embassy, the event was organized by the USAID-funded Pakistan Private […]
During intraday trade, the index witnessed a bullish trend, recording a high of 75,482.46 points and a low of 74,958.09 points before settling at 75,206.77 points. A total of 462,304,427 shares valuing Rs 15.871 billion were traded during the day as compared to 375,359,048 shares valuing Rs 16.301 billion the last day. Some 381 companies […]
Pakistan can generate Rs27,000 billion in terms of taxes and we will not need IMF support if we only collect half of this tax,” Asif said at the launching session of the research report titled ‘Illicit Cigarette Trade in Pakistan – Current Situation and Way Forward’, produced by the National University of Science & Technology […]
Today, the gold Rate in Pakistan on 22 May 2024 is currently sold for Rs. 216700 per 10 grams, and the price of Gold is RS 252900 per tola in Pakistan today. Gold Rate In Pakistan Today Karachi is the central hub of the gold market, in Pakistan, Karachi is leading for the gold price; every city […]
A day earlier, the Pakistani Rupee lost 09 paise against the US dollar in interbank trading, closing at Rs 278.29 compared to the previous day’s close of Rs 278.20. According to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 277.6 and Rs […]
