Pakistan receives $2bn deposit from Saudi Arabia: Ishaq Dar

ISLAMABAD: Finance Minister Ishaq Dar on Tuesday announced that Pakistan had received a $2 billion from Saudi Arabia – a major development...

CPEC marks 10th anniversary of substantial achievements in Pakistan’s development

The China-Pakistan Economic Corridor (CPEC), a significant project of the Belt and Road Initiative (BRI), has made impressive advancements in Pakistan over...

Fitch Ratings upgrades Pakistan’s rating to ‘CCC’

Pakistan takes measures to address revenue shortfalls and energy subsidies, Fitch Ratings Reports

IMF delegation calls on Imran Khan, PPP leaders ahead of board meeting

The meeting was attended by IMF country chief Nathan Porter who joined virtually and Resident Representative Ester Perez Luiz

US job growth slows in June; unemployment rate falls to 3.6%

U.S. job growth slowed more than expected in June after surging in the prior month, but labor market conditions remain tight, with...

Pakistan, Italy extends Pakistan-Italian debt swap agreement timeline

ISLAMABAD: Pakistan and Italy have reached an agreement to extend the timeline of the Pakistan-Italian Debt Swap Agreement (PIDSA) through the Exchange...

PSX surpasses 44,000 mark with strong rally

KARACHI: On Thursday, the benchmark index of the Pakistan Stock Exchange (PSX) surpassed the 44,000 mark, experiencing a significant increase of over...

Saudi Arabia says new oil cuts show teamwork with Russia is strong

Russia-Saudi oil cooperation is still going strong as part of the OPEC+ alliance, which will do "whatever necessary" to support the market,...

PKR surges by Rs15 against US dollar following IMF deal

ISLAMABAD: On Tuesday, the Pakistani rupee experienced a significant gain of Rs15 against the US dollar in the interbank market. This boost...

Fitch and Moody’s sound alarm despite IMF deal

Both organisations cite need for additional financing, uncertainty regarding debt repayment and future IMF programmes
Medicines

Essential medications unaffordable as pharma companies raise costs

As per DRAP’s earlier notification, pharmaceutical companies have hiked the price on essential medicines 

After 7 months, inflation sees a dip. But is it a cause for celebration?

While the improvement in headline YoY numbers is eye-catching, they are primarily based on a statistical artifact

Analysis: Has the PSX seen a rally like this before? 

As the stock market opened on the 3rd of July 2023, the index increased by 5.99% or by 2,481 points. This is...

Inflation slows down to 29.4% for first time in seven months

Inflation likely to rise due to SBP's increase in interest rate, possible IMF conditions regarding currency devaluation

PSX roars: The mechanics behind Monday’s Bull-run 

Trading halted due to abnormal activity within 10 minutes of the opening of the markets on a day that marked the highest ever single day increase for the exchange. Â