Pakistan
-
Gold rate moves up in Pakistan on rupee-dollar parity
.
[ad_1] An undated image of a gold necklace displayed at a gold store. — AFP/File Gold rate increased meagerly in the country after the gap between the rupee rates against the dollar in the interbank and the open market widened as the economy remains under duress. Data released by All Pakistan Sarafa Gems and Jewellers…
-
Minister rejects reports claiming Pakistan backtracking from IMF programme
.
[ad_1] Minister of State for Finance Dr Aisha Ghaus Pasha addresses an event. — Radio Pakistan/File ISLAMABAD: Minister of State for Finance and Revenue Dr Aisha Ghaus Pasha on Wednesday categorically denied rumours claiming Pakistan was backtracking from the much-awaited $6.5 bailout programme with the International Monetary Fund (IMF). Speaking to journalists after a…
-
Gold price settles at Rs233,100 per tola in Pakistan
.
[ad_1] An undated image of gold bangles. — AFP/File Gold took a breather on Wednesday as the prices of the precious metal remained unchanged in the local market as all eyes are set on political and economic developments. Data released by All Pakistan Sarafa Gems and Jewellers Association (APSGJA) showed that the price of gold…
-
Pakistan govt decides to suspend online cryptocurrency services
.
[ad_1] In this file photo taken on January 27, 2020 a physical imitation of a Bitcoin is seen in Dortmund, western Germany, on January 27, 2020. — AFP In order to prevent illegal digital currency transactions as per the guidelines of the global anti-terror financing watchdog, the Pakistani government revealed on Wednesday that it has…
-
Pakistan exports record volume of fuel oil | The Express Tribune
.
[ad_1] As the economic crisis deepens in Pakistan, the typically import-reliant nation is witnessing a remarkable surge in fuel oil exports, reaching a record 164,000 tonnes last month, the highest volume since 2017. According to data from Kpler compiled by Bloomberg, the country did not record any fuel oil imports during March and April. The…
-
In relief for Pakistan, South Korea defers loan worth millions
.
[ad_1] The government of Pakistan signs agreement with the Republic of Korea under the G-20 Debt Service Suspension Initiative on May 15, 2023 in Islamabad. — PID The Republic of Korea on Monday differed Pakistan’s loan worth $19.911 million on Monday, under the G-20 Debt Service Suspension Initiative (DSSI) framework as Islamabad battles a worsening…
-
‘IMF did not seek fresh financing of $8bn from Pakistan’
.
[ad_1] IMF headquarters in Washington. —AFP/File ISLAMABAD: The International Monetary Fund (IMF) on Sunday denied local media reports that it was seeking fresh financing of $8 billion from Pakistan for the revival of the $6.5 billion bailout package. IMF Resident Representative in Pakistan Esther Pérez Ruiz said that the global lender did not demand an $8…
-
International increase pushes up gold price in Pakistan
.
[ad_1] A gold set is displayed at a jewellery store in this undated file photo. — AFP As the international rate of the safe-haven bullion rose, the price of gold also increased in Pakistan on Saturday. The rate of gold (24 carats) rose by Rs3,200 per tola and Rs2,743 per 10 grams to reach Rs234,000…
-
Gold rate declines in Pakistan in line with international trend
.
[ad_1] A representational image of gold jewellery displayed in a shop. — AFP/File As the price of gold dropped in the international market Friday, the safe-haven bullion’s value declined in Pakistan as well. The rate of gold (24 carats) fell by Rs6,500 per tola and Rs5,573 per 10 grams to reach Rs230,800 and Rs197,874, respectively,…
-
IMF calls on Pakistan to secure ‘significantly more financing’ for completing programme
.
[ad_1] The seal for the International Monetary Fund (IMF) in Washington, DC, US, January 26, 2022. — AFP The International Monetary Fund (IMF) said on Thursday that crises-gripped Pakistan needs significant additional financing for the completion of the long-stalled ninth review of the bailout programme, Reuters reported. The IMF said it is essential for Pakistan…
