PM Shehbaz Sharif to discuss $3bn Saudi deposits rollover
ISLAMABAD: Amid dwindling foreign currency reserves that touched $7.5 billion, Pakistan requires immediate financial support from friendly countries such as Saudi Arabia and China as well as from the IMF in...
ADB SIGNED 1.5 BILLION DOLLOR LOAN AGGREMENT WITH PAKISTAN
ISLAMABAD: Asian Development Bank (ADB) on Monday signed an agreement with Pakistan to provide a $1.5 billion loan for budgetary support and help flood-related rehabilitation and reconstruction activities.
The loan agreement was...
Shortage of USD in open market
There's a deficit of US dollars n the open request, ” Zafar Paracha, General Secretary at the Exchange Companies Association of Pakistan( ECAP), verified to Business Archivist on Monday.
The deficit comes...
Govt getting $4bn as bonds take battering after floods: SBP
KARACHI fresh fiscal transnational commitments to Pakistan in the wake of ruinous cataracts will neutralize any current account deterioration and detainments in the issuing of$ 2 billion in bonds, central bank...
US aims to hobble China’s chip industry with sweeping new export rules
The Biden administration on Friday published a broad set of import controls, including a measure to cut China off from certain semiconductor chips made anywhere in the world with United States...
Tresmark weekly view Rupee Posts Huge Gains
If last quarter was all about managing inflation, the current quarter will be about how to avoid a recession. The monumental speed at which Fed is hiking rates has left all...
Germany Finally Says the F-Word: ‘Fracking’
Russia’s irruption of Ukraine has produced a string of surprising changes in Germany over the once seven months mainly advanced defense spending, delivery of murderous munitions to a combat zone, new...
Binance-linked blockchain hacked for $570 million
A blockchain connected to Binance, the world’s largest cryptocurrency exchange, has been addressed for$ 570 million, according to a Binance spokesman on Friday. This is the rearmost in a series of...
Rupee settles below 222 ,10th day straight gain
Pakistan's rupee maintained its upward line against the US bone
for the tenth straight session, appreciating0.9 in theinter-bank request on Thursday.
As per the State Bank of Pakistan( SBP), the rupee closed at221.94...
Finance ministry calls Moody’s rating downgrade ‘not truly reflective’
ISLAMABAD The finance ministry has rejected Moody’s decision to downgrade Pakistan's autonomous credit standing to Caa1-- veritably high credit threat status-- as' unilateral' and' not truly reflective of the country's macroeconomic...
