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China asked to roll over $2bn deposits, Pakistan informs IMF
ISLAMABAD: Pakistan has communicated to International Monetary Fund (IMF) that Islamabad has requested China to rollover $ 2 billion State Administration of Foreign Exchange (SAFE) deposits by year, report citing sources said. “We have already...
Action urged against Industrial, commercial, agri land mafia: Business community warns govt
Karachi: Irfan Iqbal Sheikh President FPCCI expressed long-standing concerns over vicious, unending and resource-depleting menace of land grabbing of industrial, commercial, agricultural and residential lands. Addressing live-telecast, well-attended...
IMF seeks Pakistan’s credible assurance on external financing for loan revival
Karachi: International Monetary Fund (IMF)’s resident representative warned that Pakistan faces daunting task of providing credible assurances that its balance of payment deficit was financed for remainder of multilateral lender’s loan pr...
18th My Karachi Exhibition concludes, presents Rs5m cheque for earthquake affectees in Türkiye
KARACHI: 18th My Karachi- Oasis of Harmony International Exhibition concluded at Expo Centre with presentation of cheque worth Rs 5 million to support affectees of devastating earthquake in Türkiye, which was presented by leadership of Businessm...
Murad says appearing in court for crime of providing 100MW power to city
KARACHI: Sindh Chief Minister Syed Murad Ali Shah said that after every two weeks, he has to appear before NAB court in Islamabad for crime he has committed to providing 100 MW of electricity from Nooriabad Power Plant to Karachi. This is how he has...
Moody’s downgrades five Pakistani banks
Karachi: Moody's Investors Service downgraded long-term deposit ratings of five Pakistani banks to Caa3 from Caa1. Banks are Allied Bank Limited (ABL), Habib Bank Limited (HBL), MCB Bank Limited (MCB), National Bank of Pakistan (NBP) and United Bank...
Meta with PTA, TDAP to raise awareness on e-commerce scams
Karachi: Meta with Pakistan Telecommunication Authority (PTA) and Trade Development Authority of Pakistan (TDAP) will raise awareness about e-commerce scams and share tips on how to stay safe online. Pakistani content creators like Romaisa Khan and B...
SBP jacks up key policy rate by 300 basis points
KARACHI: Fulfilling another condition of IMF for revival of loan programme, Pakistan’s central bank jacked up its key policy rate by 300 basis points to 26-year high at 20 percent at preponed meeting yesterday. Hike is 100 basis points higher t...
Rupee plunges to historic low against dollar
KARACHI: Rupee plunged by over Rs 18.98 against dollar in interbank ahead of central bank’s monetary policy review and amid concerns over stalled International Monetary Fund (IMF) deal. Rupee slumped by 6.66 percent to close at 285.09 against d...
B’desh Deputy HC addresses ‘Unlocking Creative Economy’ seminar
Karachi: Bangladesh Deputy High Commissioner S. M. Mahbubul Alam addressing seminar ‘Unlocking Creative Economy’ jointly organised by Federation of Pakistan Chamber of Commerce and Industry (FPCCI) and Islamic Chamber of Commerce, Industr...
