DAVOS (Web Desk) Finance Minister Muhammad Aurangzeb stated on Tuesday that Pakistan has finalized terms for a $1 billion loan from two Middle Eastern banks. The loans, which have an interest rate of 6 to 7 percent, include a bilateral agreement and a trade finance arrangement, both with short termsRead More →
Qatar Airways has closed its offices in Pakistan as part of a cost-cutting initiative. Despite the shutdown of these offices, the airline announced that flights will continue as scheduled. According to sources, the airline’s move to close its offices would not effect flight operations, but will have an impact onRead More →
NEW YORK (AP)— Stock indices finished mixed on Wall Street Thursday, with advances in some heavyweight technology and telecom sectors offsetting gains elsewhere. The S&P 500 dipped less than 0.1% after fluctuating between minor gains and losses throughout the day. The little loss broke the benchmark index’s three-day winning streak.Read More →
ISLAMABAD: Pakistan’s exports increased significantly in the fiscal year 2023–24 as a result of the Special Investment Facilitation Council’s (SIFC) activities. The Pakistan Bureau of Statistics reported that, in comparison to the previous fiscal year, exports of Pakistani goods increased by 10.54% to $30.64 billion. FY 2024 imports fell byRead More →
ISLAMABAD (APP) Deputy Prime Minister and Foreign Minister Ishaq Dar stated on Wednesday that Pakistan has a big potential to join the G-20 with fundamental reforms to its economy. He stated that the administration is firmly dedicated to structural reforms in the country’s economy, including capital market and corporate sectorRead More →
(Web Desk) – McDonald’s reported an unexpected drop in global sales on Monday, its first decline in 13 quarters, as bargain-hunting customers avoided higher-priced menu items like Big Macs. Persistent inflation has forced lower-income consumers to look for cheaper food options at home. As a result, fast food chains suchRead More →
(Web Desk) – Punjab Food Minister Bilal Yasin stated that the Punjab government’s top objective is to ensure the supply of flour at set market pricing. The minister stated that neither the quality nor the pricing of flour would be compromised. If flour is sold at a price higher thanRead More →
ISLAMABAD (APP) – At a meeting of the Monetary Policy Committee (MPC) on July 29, the State Bank of Pakistan (SBP) will declare its monetary policy. SBP sent a press statement announcing that the MPC would meet on Monday, July 29 to decide on the Monetary Policy. It further statedRead More →
ISLAMABAD – The Central Power Purchasing Authority (CPPA) has requested a rise in electricity pricing for one month due to fuel cost adjustments. It has filed a petition with the National Electric Power Regulatory Authority (Nepra) requesting a Rs2.10 per unit increase in the power tariff. Nepra will consider theRead More →
ISTANBUL: According to official figures released on Wednesday, Turkey’s annual inflation rate dropped to 71.6 percent in June, the lowest level in previous months. Consumer prices peaked in May at 75.45 percent, and then they started to decline. Mehmet Simsek, the minister of finance, wrote on X that “the disinflationRead More →
