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The State Bank of Pakistan (SBP) opted to maintain the status quo on Monday, holding the key policy rate steady at 22% for the...
RIYADH: Pakistan’s Finance Minister, Muhammad Aurangzeb, highlighted the significant challenge posed by the undocumented economy in the country during a special meeting at the...
Prime Minister Muhammad Shehbaz Sharif and President of the Islamic Development Bank (IDB) Dr. Muhammad Sulaiman Al Jasser convened on Sunday to expedite the...
ISLAMABAD: China and Pakistan signed an agreement for using Chinese currency, RMB for their mutual trade and clearing arrangements. At present, the volume of...
ISLAMABAD: The Economic Coordination Committee (ECC) of the government approved the immediate import of 0.3 million tons of wheat from Russia. The import, however,...
The Pakistani rupee appreciated 0.9% on Monday in the interbank market, recording significant gains against the US dollar. In intraday trading, the rupee appreciated...
ISLAMABAD: Pakistan and China have developed an understanding to initiate work on Pakistan Railways mega project ML-1 involving $10 billion cost. The ML-1 project...
In the early hours of trading on Thursday, the Pakistani rupee declined 0.14% against the US dollar in the interbank market. The rupee depreciated...
ISLAMABAD: Finance Minister Ishaq Dar said Asian Development Bank (ADB) has disbursed $1.5 billion to Pakistan and transferred the money into the central bank’s...
In the interbank market, the Pakistani rupee saw a slight decline versus the US dollar and lost 0.03% in the first few minutes of...
ISLAMABAD: The risk of default of Pakistan, calculated by the 5-year credit default swap (CDS) spiked by 3.07 percentage points on Tuesday, hitting a...