IMF AGREES TO $2.9 BN BAILOUT FOR BANKRUPT SRI LANKA
Foreign debt of $51 billion has been abandoned by the nation, and angry protesters broke into the home of the previous president, Gotabaya Rajapaksa, in July. As a result, the leader...
Bilawal most vocal followed by Shehbaz in 4th parliamentary year
SLAMABAD:
Former prime minister Imran Khan attended just one sitting of the National Assembly within the fourth parliamentary year, whereas he control the workplace of the prime minister, the Asian country Institute of Legislative Development and Transparency (PILDAT) aforesaid on weekday.
In its analysis of the National Assembly supported key...
Rupee future remain uncertain.
Rupee traded just shy of 240/$, but was not able to breach that level. Rates in Peshawar & Kabul also slides. Some traders expect this is the ceiling for the Rupee....
Economy loss due to floods estimated to be up to $12.5bn
ISLAMABAD The government has estimated that the frugality suffered a loss of$ 10 billion to$12.5 billion in the cataracts. Affectation is projected to go up in the range of 24 to...
Nawaz losing his grip on PML-N
LAHORE:
PML-N big enchilada and former premier Nawaz Sharif's grip on his party has begun to weaken.
The leaders of his own party have started criticising Nawaz’s continuous keep in London for 3 years and giving directions from abroad on the...
Investment proposal floated as Qatar declines deposit plea
August 2022 saw only one LNG tender imported by the private sector. This was one better than no private significances a month before. Pakistan managed to arrange seven LNG loadings in...
We may see another July like movement in PKR to USD.
We may be seeing a remake of July when Rupee crashed from 210 to 230 in a matter of days. The only difference is that then it was the interbank market...
Dollar hits 20-year high vs euro as Fed hikes rates again
The euro to greenback ratio hit 0.9814 for the primary time due to the fact that October 2002, simply months after the forex have become the only criminal gentle of 12...
Cash-Strapped Pakistan Struggles to Keep China Happy
The Pakistani authorities has another time promised to begin making bills to China’s impartial electricity manufacturers (IPPs) installation below the China-Pakistan Economic Corridor (CPEC). It has additionally introduced the finalization of...
SBP reserves down by 112.6 million dollars
State Bank of Pakistan (SBP) foreign exchange reserves decreased by $112.6 million, reaching an alarming level of $7.69 billion as of August 25, 2022, as the government continued to struggle to...
