Tag: Business News

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US apprised of IMF’s $3bn Stand-By Arrangement for Pakistan

Ishaq Dar, the federal minister of finance and revenue, met with Donald Blome, the US ambassador to Pakistan, on Wednesday to discuss the recent...

Nepra okays Rs1.90 per unit hike in power tariff

ISLAMABAD: As a result of the monthly fuel costs adjustment (FCA), the National Electric Power Regulatory Authority (Nepra) has approved an increase of Rs1.90...

Gold price declines by Rs2,200 per tola in Pakistan

A continuation of the downward trend in gold prices on the domestic market as the Pakistani rupee recovered against the US dollar as...

Pakistani Rupee Soars by Rs. 15 Against US Dollar Following IMF Aid

In response to the last-minute financial assistance granted by the International Monetary Fund (IMF), the Pakistani rupee strengthened by Rs15 against the US dollar...

SBP-held foreign exchange reserves rise $533mn, stand at $4.07bn

The State Bank of Pakistan's (SBP) foreign exchange holdings increased by $533 million as of June 23, reaching around $4.07 billion. SBP-held foreign exchange reserves...