Gautam Adani conglomerate lost $51 billion dollars in a day after fraud allegations
Gautam Adani – have lost a combined $51 billion in market capitalisation since Wednesday, with US bonds of Adani firms also falling after Hindenburg Research...
Economy
Pak rupee closing at Rs262.6 per dollar, down Rs7.17
Pakistani rupee continued to depreciate steeply in the interbank market on Friday, closing at Rs262.6 per dollar, down Rs7.17 or 2.73 per cent from yesterday’s...
Rupee closed at Rs255.43 against US dollar after streamig to ‘free-float exchange rate’
Pakistani rupee got enormous blow in the interbank market during intraday trade as it depreciated by more than Rs24, a day after the lifting of...
import restrictions flames steel prices to 243,500 rupees per tonne
The letters of credit (LCs) amid fear of industry closure, the manufacturers have pushed up the price of steel bars to an all-time high of...
IMF – Pakistan deadlock and polictical uncertainity cost Stocks Exchange 1378 points
The Pakistan Stock Exchange (PSX) slumped over 3.4%, approximately 1,348 points, and hit a two-year low at around 38,900 points on Tuesday.After the close of trading, the...
IMF forecasts 2023 tougher for global economy than 2022
IMF warns a quarter of the world will face recession in 2023 United States,European Union and China will have slowed economic activities in 2023 A...
Headline inflation in Pakistan rises to 24.5pc in December 2022
Consumer Price Index (CPI) was recorded at 24.5 per cent in December Average CPI in 2022 recorded at 25.02% in Pakistan Annual inflation measured by...
Taliban seeks economic self-sufficiency and foreign investment says Afghanistan minister
Taliban Govt is seeking foreign investment and self-sufficiency in Afghan economy Talibans are open for Chinese,Russian and Iranian support for Afgan economy The acting Commerce...
Floods slide down Pakistani economy till 2023 : Asian Bank forecasts
Asian Development Bank December 2022 outlook released ADB predicts Pakistani economy down in 2023 The Asian Development Bank terms Pakistani outlook for FY2023 (ending 30...
Pakistan-IMF discussions on Extended Fund Facility (EFF) ninth review term productive
Pakistan looking forward for Extended Fund Facility (EFF) tranche of $ 1.18 billion dollars Pakistan and IMF already conducted marathon discussions since 2019 IMF country...