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UAE 'keen' to invest in Karachi Port terminal operations
Karachi: United Arab Emirates (UAE) is 'keen' to invest in Karachi Port terminal operations, citing sources. Sources said UAE wants to equip Karachi Port terminals with latest technology for smooth handling of shipments. Sources claimed that agreemen...
Food Champ 2023: Resounding success celebrating culinary excellence
Karachi: Cothm emerges as driving force behind exceptional culinary students’ remarkable achievement at Food Champ 2023. Cothm’s persistent dedication to culinary education has played significant role in developing skills and cultivating...
Dar meets US envoy Blome: PML-N scrambles to revive IMF deal
ISLAMABAD: Pakistan Muslim League-Nawaz government is scrambling to revive programme with International Monetary Fund (IMF) amid steep fall in foreign loan disbursements to just $ 8.4 billion this fiscal year. Finance Minister Ishaq Dar has approache...
China comes to rescue as IMF programme faces 'inordinate delay': PM Shehbaz
Islamabad: Prime Minister Shehbaz Sharif lauded role of China, saying that neighbouring ally came to Pakistan's rescue during current economic situation, as ongoing International Monetary Fund (IMF) bailout programme remains delayed. Remarks were mad...
Rupee improves, settles at 287.19 against dollar
Karachi: Rupee registered marginal gain against dollar with an appreciation of 0.06 percent in inter-bank market. At close, currency settled at 287.19, an increase of 0.18 paisa as per State Bank of Pakistan. Dar said, “IMF or no IMF, Pakistan...
Pakistan’s ability to secure loans remains ‘severely constrained’ until new IMF programme: Moody’s
Karachi: Moody’s Investor Services said that Pakistan’s ability to secure loans from bilateral and multilateral partners will “Be severely constrained” until new programme is agreed with International Monetary Fund (IMF). In a...
Inter-bank: rupee records marginal decline against dollar
Karachi: Rupee recorded marginal decline against dollar with depreciation of 0.07 percent in inter-bank market. At close, domestic unit settled at 287.37, decrease of 0.19 paisa as per State Bank of Pakistan. Dollar was being quoted in range of 293-2...
Negativity persists at PSX, KSE-100 sheds 145pts
Karachi: Pakistan Stock Exchange (PSX) remained in grip of selling pressure and KSE-100 Index fell 0.35 percent amid lackluster activity. Lack of positive triggers restrained market from posting gains, with an update from International Monetary Fund...
KSE-100 remains under pressure, offloads 244pts
Karachi: Pakistan Stock Exchange (PSX) remained under pressure and KSE-100 Index shed 0.58 percent owing to lack of positive triggers. Although status quo in interest rate by State Bank of Pakistan was taken as positive cue by market, it was insuffic...
Pakistani budget caught between IMF expectations, election
KARACHI: Government will hope to find balance between reforms to satisfy International Monetary Fund and measures to win over voters in an imminent election in its budget for 2023-24 fiscal year to be announced on Friday, analysts said. Pakistan&rsqu...
