Business News
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Islamabad, Riyadh agree on boosting investments in key sectors
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[ad_1] Finance Minister Muhammad Aurangzeb and Saudi Minister of Finance Mohammed Aljadaan hold meeting on sidelines of the World Bank-IMF Annual Meetings in Washington DC on October 23, 2024. — Ministry of Finance Pakistan and Saudi Arabia have renewed their commitment to further cement mutually beneficial economic ties, promote investment in key sectors, and enhance…
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Gold hits record high in line with global trend
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[ad_1] An employee places ingots of 99.99 percent pure gold in a workroom at the Novosibirsk precious metals refining and manufacturing plant in the Siberian city of Novosibirsk, Russia, September 15, 2023. — Reuters KARACHI: Gold prices reached an all-time high on Wednesday, surging by Rs2,000 per tola to Rs285,400 in line with global markets…
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PSX shoots up to new record high, breaking 87,000 points barrier
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[ad_1] Brokers monitor an index board showing latest share prices at the Pakistan Stock Exchange in Karachi on January 26, 2023. — AFP Stocks on Wednesday surged to a new record high above 87,000 points, mainly driven by renewed economic optimism, particularly strong current account and foreign direct investment figures, alongside positive GDP growth forecasts…
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Pakistan reaffirms commitment to economic reforms implementation
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[ad_1] Finance Minister Muhammad Aurangzeb. — Ministry of Finance/File Finance Minister Muhammad Aurangzeb has said that the government has no alternatives but implement economic reforms as part of its agreement with the International Monetary Fund (IMF). In his discussion with the IMF Director on Wednesday, the minister highlighted the urgency of economic reforms for the…
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IMF stresses key reforms in meeting with Pakistani delegation
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[ad_1] The Pakistani delegation (left) meets an IMF team in Washington, DC, on October 22, 2024. — APP A top official of the International Monetary Fund (IMF) has called on Pakistan to stay on the course of reforms which helped Islamabad secure a fresh loan programme from the creditor. During a high-level meeting between a Pakistani…
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PSX zooms to record high on economic data, political outlook
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[ad_1] A stockbroker monitors the share prices during a trading session at the Pakistan Stock Exchange (PSX) in Karachi on May 16, 2022. — AFP Stocks on Tuesday zoomed to a new all-time high, riding a rally driven by the passage of the 26th amendment, which alleviated political concerns and bolstered bullish sentiment among investors…
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PSX tops 860 points in day trade after political clarity boosts sentiment
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[ad_1] Investors are sitting in the hall of Pakistan Stock Exchange in Karachi. — AFP/File Stocks on Monday hit an intraday high above 86,000 mark as investors swooped on index-heavy names to take full advantage of the earnings season after the enactment of the 26th Amendment ended weeks-long political uncertainty. After a marathon session, the…
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Jan 2028 deadline set to end Riba, launch interest-free banking
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[ad_1] A man counts Pakistani rupee notes at a currency exchange shop in Peshawar, Pakistan September 12, 2023. — Reuters The newly-passed 26th Constitutional Amendment Bill, 2024, has set a January 1, 2028, deadline to eliminate Riba (interest-based banking) in the country. The clause was added to the draft amendments at the suggestion of…
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SBP report points out improved economic indicators in FY24
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[ad_1] A labourer bends over as he carries packs of textile fabric on his back to deliver to a nearby shop in a market in Karachi on June 24, 2022. — Reuters KARACHI: Amid the government’s efforts to steer the country out of the various economic quagmires, a report issued by the State Bank of…
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IMF chief calls for unity on shared challenges in ‘deeply troubled times’
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[ad_1] IMF Managing Director Kristalina Georgieva delivers a curtain raiser speech on the outlook for the global economy and policy priorities ahead of the 2024 Annual Meetings of the IMF and the World Bank Group in Washington, DC, October 17, 2024. — AFP The international community must come together despite the “difficult geopolitical environment” to…
