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Stocks surge on Saudi deal hopes | The Express Tribune
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[ad_1] KARACHI: Pakistan Stock Exchange (PSX) on Friday snapped a three-day losing streak and notched up significant gains as the KSE-100 index reached a historic high above 70,900 with a surge of 620 points. In the morning, trading was shadowed…
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Zardari urges quick trade deal with Turkmenistan | The Express Tribune
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[ad_1] ISLAMABAD: President Asif Ali Zardari called for an early finalisation of the Transit Trade Agreement with Turkmenistan to further boost bilateral cooperation between the two brotherly countries. During a meeting with the Ambassador of Turkmenistan to Pakistan, Atadjan Movlamov,…
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Egypt, UAE sign major $35bn deal to develop Ras al-Hekma
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[ad_1] Representational image shows an aerial view of a luxury hotel complex in the Egyptian Red Sea resort city of Sharm el-Sheikh at the southern tip of the Sinai peninsula. — AFP/File In one of the largest agreements of its…
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Pakistan faces default risks sans IMF deal: Fitch
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[ad_1] Board outside International Monetary Fund (IMF). —AFP Amid prevailing political uncertainty following the February 8 general elections marred by rigging allegations, Fitch Ratings has highlighted the default risks that Pakistan faces if it fails to secure the next bailout…
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Fitch warns uncertain political situation threat to IMF deal | The Express Tribune
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[ad_1] The closely contested outcome of Pakistan’s recent election and the ensuing political ambiguity may pose challenges to the nation’s efforts to secure a financing agreement with the International Monetary Fund (IMF), replacing the expiring Stand-By Arrangement (SBA) in March…
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Govt asked to slow down work on ML-I financing deal | The Express Tribune
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[ad_1] ISLAMABAD: The Economic Affairs Division (EAD) has advised the government to go slow in finalising a financing agreement for nearly $6 billion in Chinese loan for the Mainline-I (ML-I) project of the China-Pakistan Economic Corridor (CPEC) aimed at avoiding…
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Pakistan set to clinch free trade deal with GCC
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[ad_1] Interim Commerce Minister Gohar Ejaz (centre) holds the final round of discussions with the GCC’s chief negotiator in Riyadh on December 2, 2023. — X/Gohar Ejaz ISLAMABAD: Information Minister Murtaza Solangi on Sunday confirmed that Pakistan and Saudi Arabia…
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IMF chief says deal with Pakistan on review likely this week
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[ad_1] Managing Director of the IMF Kristalina Georgieva attends the annual meetings of the IMF and the World Bank Group (WBG), in Marrakesh on October 12, 2023. — AFP International Monetary Fund (IMF) Managing Director Kristalina Georgieva was hopeful of…
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EU, Japan reach deal on data flows | The Express Tribune
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[ad_1] BRUSSELS: The European Union (EU) and Japan concluded an agreement on Saturday on cross-border data flows, which should drive business and may help shape global rules for data, the European Commission said. The European Commission said the agreement would…
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Plan for G2G oil deal with Russia shelved | The Express Tribune
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[ad_1] ISLAMABAD: The government has decided to shelve plans for a long-term oil import deal with Russia under a government-to-government (G2G) arrangement and has allowed refineries to strike direct commercial agreements with companies of the European nation. Earlier, Pakistan and…
