ISLAMABAD: According to sources, an International Monetary Fund (IMF) group will come in Pakistan on May 10 to have decisive negotiations with the federal administration. A group from the international banking organisation will visit Pakistan for ten days to meet with Pakistani officials. The IMF delegation will also meet withRead More →
According to CNBC’s David Faber, Ford Motor is selling 8 million Rivian Automotive shares, with the insider lockup for the formerly high-flying electric vehicle producer set to expire on Sunday. Rivian now has 102 million shares owned by the automaker. According to sources, Ford will sell the stock through GoldmanRead More →
On Saturday, the price of 24 karat per tola gold increased by Rs450 and was sold at Rs132,800, up from Rs132,350 in the local market. The price of 10 gramme 24 karat gold jumped by Rs386 and was sold for Rs113, 855, up from Rs113, 469, according to the AllRead More →
As the government fails to restrain profiteers, chicken prices have risen to Rs700 per kilogramme in some regions of the country. According to data, the price has risen to Rs700 in Quetta after a Rs200 increase, Rs600 in Karachi after a Rs150 increase, and Rs458 in Lahore per kg. Meanwhile,Read More →
ISLAMABAD, Pakistan – The National Electric Electricity Regulatory Authority (NEPRA) raised the power rate by Rs2.86 on Friday as part of the monthly fuel adjustment. According to the notification published by NEPRA, the price of electricity has been increased in the context of the March fuel adjustment, which is stillRead More →
ISLAMABAD, Pakistan – In interbank trade on Friday, the Pakistan Rupee fell by 94 paisas versus the US Dollar, finishing at Rs 186.62, down from Rs 185.68 the previous day. According to the Forex Association of Pakistan (FAP), the open market buying and selling rates for the dollar were RsRead More →
KARACHI: PricewaterhouseCoopers (PwC) believes that Pakistan will achieve exceptional growth rates over the next three decades, overtaking industrialised nations such as Canada and Italy to become the world’s 16th largest economy by 2050 in a new report. The consultancy firm produced its first ‘World in 2050’ report in March 2006,Read More →
Pakistan’s exports to China surpassed 1.039 billion dollars in the first quarter of this year, from January to March, representing an almost 17 percent growth. According to figures released by the General Administration of Customs of China, China’s exports to Pakistan climbed by 28.69 percent in the first three monthsRead More →
Escorts Investment Bank has cancelled another sale-purchase deal with three prospective investors on behalf of its primary sponsor, Bahria Town (Private) Limited.According to the PSX notification, Escorts Investment Bank Limited has received a notice from Bahria Town (Private) Limited for the termination of the share sale and purchase agreement datedRead More →
Pakistan’s liquid foreign reserves fell by $115 million in the week ending April 30, 2022, representing a 0.7 percent drop week on week.According to the SBP weekly report issued on Friday, the country’s total liquid foreign exchange reserves fell by $115 million (-0.7 percent) on April 30, 2022, to $16.553Read More →
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