Pakistan’s CAD declines by 68% in FY23’s first eight months

Islamabad: During the first eight months of FY23, Pakistan's current account deficit (CAD) decreased by 68% to $3.8 billion from $12 billion...

Google begins opening access to its ChatGPT competitor Bard

Alphabet Inc's (GOOGL.O) Google on Tuesday began the public release of its chatbot Bard, seeking users and feedback to gain ground on Microsoft...

Switzerland’s secretive Credit Suisse rescue rocks global finance

Days before a hastily convened press conference late on Sunday that would make the world's front pages, Switzerland's political elite were secretly...

Cryptoverse: Bitcoin successfully passes banking crisis stress test

NEW YORK: As crisis stalks the traditional world of stocks and bonds, bitcoin is suddenly looking like a safe haven. The infamously volatile cryptocurrency...

Pakistan, Russia expected to seal crude import deal today

A delegation from Russia is scheduled to meet with Pakistan State Oil (PSO) in Karachi to finalise a government-to-government (G2G) crude oil...

FDI inflows rise in February but fall by 40% over eight months

Despite the challenging economic and political conditions, foreign direct investment (FDI) increased by 10% compared to the same month last year in...

Not consulted on plan to raise fuel prices to finance subsidy: IMF

Fund seeking more information on regarding scheme’s details and will viability discuss with Pakistani authorities

OECD team visits Pakistan for performance review

Final report of review will be issued after approval from Peer Review Group of global forum

UBS mulls sweeteners to keep Credit Suisse wealth bankers

LONDON: UBS Group AG told Credit Suisse wealth bankers it’s weighing financial sweeteners for them to stay as it seeks to reassure...

Sri Lanka seeks 10-year debt moratorium ahead of IMF bailout

COLOMBO: Cash-strapped Sri Lanka is seeking a 10-year moratorium on its foreign debt, President Ranil Wickremesinghe's office said Monday on the eve of a...

PKR interbank rate weakens by Rs2 due to uncertainty surrounding IMF program

On Monday, the Pakistani rupee faced a decline due to uncertainty around the revival of the IMF program and a lack of...

Credit Suisse says $17bn debt worthless, angering bondholders

Credit Suisse said 16 billion Swiss francs ($17.24 billion) of its Additional Tier 1 debt will be written down to zero on...

UBS eyeing swoop for Credit Suisse amid fears of banking contagion

UBS AG (UBSG.S) was examining on Saturday a takeover of its embattled Swiss peer Credit Suisse (CSGN.S), sources said, a move that could allay...

China deposits another $500m to Pakistan

LAHORE: Pakistan on Friday obtained $500 million as the second payment from the $1.3 billion facility provided by the Industrial and Commercial...

US announces $4.5m programme to strengthen Pakistan’s agri sector

Both countries to collaborate for building climate resilience as co-chairs of Green Climate Fund Board