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.  

Sri Lanka parliament approves domestic debt restructuring plan

Sri Lanka's parliament approved a domestic debt restructuring plan on Saturday that is crucial to continue a $2.9 billion bailout from the...

Pakistan breathes a sigh of relief as IMF approves $3bn funding arrangement

The IMF has emphasized the importance of steadfast policy implementation by Pakistan

China’s tumbling industrial profits deepens economic gloom

Annual profits at China's industrial firms extended a double-digit decline in the first five months as softening demand squeezed margins, reinforcing hopes...