Rupee sheds value, settles at 284.71 against dollar
Karachi: Rupee ended its three-session winning streak against dollar as currency depreciated 0.11 percent in the inter-bank market. According to State Bank of Pakistan (SBP), domestic unit settled at 284.71, decrease of Re 0.31. During previous week,...
PSX ends session flat as KSE-100 ‘remains mostly directionless’
Karachi: Pakistan Stock Exchange (PSX) KSE-100 index witnessed another turbulent session as benchmark KSE-100 Index ended trading session on flat note, while volume and value of shares traded improved from last close. At close, KSE-100 Index settled...
SBP to receive $300m from Chinese bank today, says Dar
LAHORE: Finance and Revenue Minister Ishaq Dar said State Bank of Pakistan (SBP) will receive third and last disbursement of $ 300 million from China’s Industrial and Commercial Bank of China (ICBC). Taking to Twitter, he said that ICBC would r...
National Task Force on AI formed for national development: Ahsan Iqbal
ISLAMABAD: Minister for Planning Development and Special Initiatives Professor Ahsan Iqbal formed 15-member National Task Force (NTF) on Artificial Intelligence (IA) aimed at achieving required goals of national development. “Key objective of (...
Meeting with investors in US, economy on its way to achieving stability: SBP Chief
Karachi: State Bank of Pakistan (SBP) Governor Jameel Ahmad said Pakistan is on its way to achieving macroeconomic stability as impact of policy measures is already playing out in economy. In meeting with international investors and fund managers in...
MMBL, MateSol ink cash flow through state-of-the-art invoice financing
Islamabad: Mobilink Microfinance Bank Ltd. (MMBL) and MateSol, blockchain-based invoice verification platform with global footprint signed Memorandum of Understanding (MoU) to offer better access to invoice financing for Micro Small and Medium-sized...
Ghana expects IMF loan approval in May
ACCRA: Ghana expects International Monetary Fund’s board to approve $ 3 billion loan in May, Finance Minister Ken Ofori-Atta said in presentation. Embattled West African country secured staff-level agreement with the IMF for $ 3 billion support...
Inflation ebbs despite surge in prices of 26 commodities
ISLAMABAD: Inflation fell, albeit slightly, despite increase in the prices of 26 essential commodities during the week ending on Thursday, according to the data released by the Pakistan Bureau of Statistics (PBS) on Friday. The PBS weekly report said...
Xi stresses comprehensive reforms, Chinese modernisation
ISLAMABAD: Chinese President Xi Jinping has stressed importance of remaining steadfast in comprehensively deepening reform and expanding high-standard opening-up, besides taking lead in advancing Chinese modernisation. During his inspection tour of G...
Rupee appreciates against dollar in interbank
KARACHI: Rupee continued upward momentum as domestic unit gained 66 paisa against dollar in interbank market on Friday. Dollar was being traded at Rs 284.25 at 11:05am. dollar has lost Rs 4.18 against unit in last three trading days. On Thursday, rup...
