ISLAMABAD: An International Monetary Fund (IMF) delegation, led by Nathan Porter, is scheduled to visit Pakistan from November 11 to 15, according to sources, to hold discussions on a $1 billion additional loan to support the country’s economic stability and…
TOKYO: The dollar remained near a four-month high on Thursday as markets continued to absorb the impact of Republican Donald Trump’s victory in the US presidential election, while investors focused on upcoming central bank decisions, particularly the Federal Reserve. The…
KARACHI: Pakistan International Airlines (PIA) has issued a show-cause notice to the Society of Aircraft Engineers Pakistan (SAEP) over an unauthorized press conference. The notice was sent to SAEP President Abdullah Khan Jadoon after he held a press conference without…
KARACHI: The Pakistan Stock Exchange (PSX) benchmark KSE-100 index closed in the red on Wednesday due to profit-taking by investors, as reported by ARY News. The KSE-100 index dropped by 282.88 points, or 0.31%, ending the day at 92,021.44 points,…
Farrukh H Sabzwari, a seasoned investment banker, has been appointed as the new Chief Executive Officer (CEO) of the Pakistan Stock Exchange (PSX) for a three-year term, following approval from the Securities and Exchange Commission of Pakistan (SECP). The announcement…
KARACHI: The Pakistan Stock Exchange (PSX) benchmark KSE-100 index continued its upward trend, closing in the green on Tuesday, ARY News reported. The KSE-100 index gained 366.32 points, or 0.4%, to settle at 92,304.32 points, up from the previous close…
On Monday, the State Bank of Pakistan (SBP) reduced its key policy rate by 250 basis points to 15%, marking the fourth consecutive cut amid steady single-digit inflation through October. Analysts and economists widely anticipated further rate cuts in the…
As of October 31, 2024, seed cotton (phutti) equivalent to over 4.2 million bales (4,291,105) has been received by ginning factories across Pakistan, marking a 36.84% decline compared to the same period last year. The Pakistan Cotton Ginners Association (PCGA)…
ISLAMABAD: The International Monetary Fund (IMF) has requested the federal government to implement a mini-budget following the Federal Bureau of Revenue’s (FBR) failure to meet its tax collection targets, sources informed Geo News on Saturday. According to insiders within the…
Chief Minister Maryam Nawaz Sharif relaunched the CM Punjab Green Tractor Programme, originally initiated by former Prime Minister Nawaz Sharif, by conducting a digital balloting after a 12-year hiatus. She emphasized her government’s commitment to modernizing agriculture in Punjab through…
