In a statement, the global lender said it would release about $333 million, bringing total funding to around $1.3 billion, to the crisis-hit nation. It said signs of an economic recovery were emerging. The country still needs to complete a $12.5 billion bondholder debt restructuring and a $10 billion debt rework with bilateral creditors including […]
According to the PBS data, the SPI for the week under review in the above-mentioned group was recorded at 324.11 points as compared to 321.94 points during the past week. As compared to the corresponding week of last year, the SPI for the combined consumption group in the week under review witnessed an increase of […]
Bitcoin has jumped more than double in value this year and is up about 40% in the two weeks since Trump was elected as the next president of the US. Bitcoin to US Dollar Rate Today According to the Binance website’s live rates, the value of Bitcoin stands at $98,960.95 till 11:00 am PST. Bitcoin […]
Data from the currency website indicated that the Omani Rial depreciated by 41 paisas against the Pakistani rupee in the open market. Current Value of 500 Omani Rial in Pakistani Rupees As of November 22, the exchange rate for the Omani Rial is Rs715.25 in the open market. Consequently, 500 Omani Rials equate to Rs357,625 […]
As per details, the benchmark KSE-100 index reached an all-time high of 99,085 points during intra-day trading, surpassing its previous close of 97,328.39 points. On Thursday, the KSE-100 index gained 1,781.94 points, or 1.86 percent to settle at 97,328.39 points at the closing of the stock market. A total of 969.9 million shares were traded […]
Brent crude futures gained 14 cents, or 0.2%, to $74.37 a barrel by 0007 GMT. U.S. West Texas Intermediate crude futures rose 17 cents, or 0.2%, to $70.27 per barrel. Russian President Vladimir Putin said on Thursday that the Ukraine war was growing into a global conflict after the U.S. and Britain allowed Ukraine to […]
During intraday trading, the benchmark KSE-100 index was 1,721.02 points to reach the 97,267.476 level for the first time in the history of Pakistan. According to market experts, investors are positively responding to the recent cut in the policy rate and improving the national economy. KSE 100’s continuous rally highlights Pakistan’s improving economic prospects and […]
Taj Gasoline is excited to announce a long-term strategic partnership with Mobil, one of the world’s leading lubricant brands. This collaboration marks a significant milestone for both companies as they aim to set new standards in quality and innovation across both B2B and retail channels within the Taj Gasoline network. Muhammad Aslam Shaikh, Group CEO […]
According to sources, the IMF agreed to provide $1 billion in climate financing after the first quarterly economic review, expected to occur in March. Sources revealed that the climate financing will be part of the Extended Fund Facility (EFF) loan program, which will become the largest program in Pakistan’s history once approved. The economic team […]
The ambitious target reflects Pakistan’s commitment to combating climate change and promoting sustainable transportation. The minister emphasized that significant steps are underway to support the widespread adoption of electric vehicles in Pakistan. Aleem Khan assured that the government is actively working on infrastructure development for EVs, including the installation of charging stations, and enhancing public […]
