The multilateral lender said it had reached a staff-level agreement on the program that was subject to approval by its executive board, which is expected to consider the proposal “in the coming days.” “The agreement builds on the authorities’ impressive early progress in stabilizing the economy, underpinned by a strong fiscal anchor, that is delivering […]
Trump’s punishing tariffs have shaken a global trading order that has persisted for decades, raised fears of recession and driven worldwide stocks sharply downward. The S&P closed below 5,000 for the first time in nearly a year on Tuesday and is nearing a bear market, defined as 20% below its most recent high. S&P 500 […]
As per details, Nawaz Sharif welcomed Mr Zhao’s appointment as strategic adviser to the Pakistan Crypto Council. The former premier described it as a significant step towards positioning Pakistan as a regional hub for Web3 technologies and digital finance. The meeting focused on embracing a vision of economic development driven by innovation and knowledge-based technologies. […]
As per details, farmers can now transport wheat across provincial borders without restrictions, enabling them to sell their produce in the most profitable markets. For the first time, the private sector will be allowed to procure wheat, providing farmers with more options to sell their produce and potentially leading to better prices. Moreover, the deregulation […]
As per details, Karachi-Electric submitted a request to the National Electric Power Regulatory Authority (NEPRA) seeking a reduction in electricity prices under fuel adjustment for February. NEPRA is set to hold a hearing on K-Electric’s request about the monthly fuel adjustment for February on April 16. If approved, the power tariff reduction will provide consumers […]
For someone who’s followed Pakistan’s economic story for a while, this summit feels genuinely pivotal, like we could be on the verge of something big. It’s easy to get lost in the sheer numbers, isn’t it? Six hundred thousand square kilometers. Minerals across the board. It’s almost too big to grasp. But economists have been […]
This he said while addressing a two-day Pakistan Minerals Investment Forum at the Jinnah Convention Center in Islamabad today. Barrick Gold’s CEO said the Reko Diq copper-gold project will economically benefit Pakistan and will also create thousands of jobs. Mark Bristow said the feasibility study of Reko Diq has been completed and this mine is […]
According to details from Forex.pk, 10 grams of 24-karat gold in Saudi Arabia is being sold at SAR 3,662. Additionally, the price for an ounce of gold is 11,392 Saudi Riyal. Gold rates are subject to global market fluctuations, including those specific to Saudi Arabia, with the last update recorded at 10:00 am April 08, […]
The selling rate of the Saudi Riyal was recorded at Rs75. The official currency of Saudi Arabia is abbreviated as SAR or SR. One Riyal is subdivided into 100 halalas. The partnership between Pakistan and Saudi Arabia is marked by a long-established and mutually beneficial alliance, underscored by considerable financial assistance from the Kingdom of […]
“They discussed U.S. reciprocal tariffs on Pakistan and how to make progress toward a fair and balanced trade relationship,” Tammy Bruce, the department’s spokesperson, said in a statement about the first conversation between the two leaders. The US administration imposed tariffs on imports from around the world that range from a 10% baseline tax on […]
